Acadian Asset Management LLC Reduces Stock Position in Carnival Corporation $CCL

Acadian Asset Management LLC lessened its position in shares of Carnival Corporation (NYSE:CCL) by 92.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,315 shares of the company’s stock after selling 940,627 shares during the quarter. Acadian Asset Management LLC’s holdings in Carnival were worth $1,469,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Carnival by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 119,505,754 shares of the company’s stock valued at $2,333,947,000 after purchasing an additional 2,410,188 shares during the last quarter. Causeway Capital Management LLC purchased a new stake in Carnival during the 1st quarter valued at about $518,816,000. Nuveen LLC purchased a new stake in Carnival during the 1st quarter valued at about $432,718,000. Invesco Ltd. grew its stake in Carnival by 24.7% during the 1st quarter. Invesco Ltd. now owns 12,965,228 shares of the company’s stock valued at $253,211,000 after purchasing an additional 2,566,148 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Carnival by 16.8% during the 1st quarter. Northern Trust Corp now owns 12,425,707 shares of the company’s stock valued at $242,674,000 after purchasing an additional 1,787,015 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Insider Activity at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total transaction of $371,875.00. Following the completion of the transaction, the director owned 64,406 shares of the company’s stock, valued at $1,916,078.50. This represents a 16.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.60% of the stock is owned by insiders.

Carnival Price Performance

Shares of Carnival stock opened at $31.19 on Wednesday. The business has a 50 day simple moving average of $30.27 and a two-hundred day simple moving average of $24.66. Carnival Corporation has a 12 month low of $15.07 and a 12 month high of $32.80. The stock has a market capitalization of $36.41 billion, a P/E ratio of 16.86, a PEG ratio of 0.70 and a beta of 2.70. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30.

Carnival (NYSE:CCL) last announced its earnings results on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The business had revenue of $6.33 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. As a group, analysts predict that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Analysts Set New Price Targets

CCL has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on Carnival from $34.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday. TD Cowen initiated coverage on Carnival in a research note on Tuesday, July 22nd. They issued a “buy” rating and a $36.00 target price on the stock. Zacks Research downgraded Carnival from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Melius Research upped their target price on Carnival from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Morgan Stanley upped their target price on Carnival from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 26th. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.42.

About Carnival

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.