1832 Asset Management L.P. Buys New Holdings in Carnival Corporation $CCL

1832 Asset Management L.P. purchased a new position in Carnival Corporation (NYSE:CCL) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 103,754 shares of the company’s stock, valued at approximately $2,918,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Carnival by 6.0% in the 2nd quarter. Vanguard Group Inc. now owns 126,663,493 shares of the company’s stock valued at $3,561,777,000 after acquiring an additional 7,157,739 shares during the last quarter. Geode Capital Management LLC lifted its position in Carnival by 7.4% during the second quarter. Geode Capital Management LLC now owns 27,617,014 shares of the company’s stock valued at $773,398,000 after purchasing an additional 1,906,110 shares during the period. Causeway Capital Management LLC acquired a new position in Carnival during the first quarter valued at $518,816,000. Nuveen LLC purchased a new stake in Carnival in the first quarter valued at $432,718,000. Finally, Invesco Ltd. grew its position in Carnival by 24.7% during the 1st quarter. Invesco Ltd. now owns 12,965,228 shares of the company’s stock worth $253,211,000 after purchasing an additional 2,566,148 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCL has been the subject of several analyst reports. Wall Street Zen cut Carnival from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Stifel Nicolaus boosted their price target on Carnival from $34.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Mizuho upped their price objective on Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Morgan Stanley raised their price objective on shares of Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Carnival in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.55.

Carnival Stock Performance

CCL opened at $25.84 on Friday. The firm’s fifty day simple moving average is $27.45 and its two-hundred day simple moving average is $27.96. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $32.80. The company has a market cap of $30.17 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.48 and a beta of 2.53. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10.

Carnival (NYSE:CCL) last released its quarterly earnings results on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.11. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The firm had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter in the prior year, the firm earned $1.27 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS and its FY 2025 guidance at 2.140-2.140 EPS. Equities analysts anticipate that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Carnival Company Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.