Focus Financial Network Inc. Makes New Investment in Carnival Corporation $CCL

Focus Financial Network Inc. bought a new position in shares of Carnival Corporation (NYSE:CCL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,494 shares of the company’s stock, valued at approximately $239,000.

Other hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Carnival by 31.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,160 shares of the company’s stock valued at $2,427,000 after acquiring an additional 28,890 shares during the period. IFM Investors Pty Ltd boosted its holdings in Carnival by 6.2% during the first quarter. IFM Investors Pty Ltd now owns 183,954 shares of the company’s stock valued at $3,399,000 after acquiring an additional 10,739 shares during the period. Mount Lucas Management LP boosted its holdings in Carnival by 42.5% during the first quarter. Mount Lucas Management LP now owns 65,754 shares of the company’s stock valued at $1,284,000 after acquiring an additional 19,601 shares during the period. Personal CFO Solutions LLC bought a new stake in Carnival during the first quarter valued at about $196,000. Finally, Shellback Capital LP boosted its holdings in Carnival by 135.3% during the first quarter. Shellback Capital LP now owns 1,000,000 shares of the company’s stock valued at $19,530,000 after acquiring an additional 575,000 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on CCL. Truist Financial upped their price target on shares of Carnival from $27.00 to $31.00 and gave the company a “hold” rating in a report on Monday, July 21st. Morgan Stanley upped their price target on shares of Carnival from $21.00 to $24.00 and gave the company an “equal weight” rating in a report on Thursday, June 26th. Susquehanna upped their price target on shares of Carnival from $27.00 to $30.00 and gave the company a “positive” rating in a report on Wednesday, June 25th. TD Cowen assumed coverage on shares of Carnival in a report on Tuesday, July 22nd. They set a “buy” rating and a $36.00 price target for the company. Finally, Melius Research lifted their target price on Carnival from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Fifteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Carnival has an average rating of “Moderate Buy” and a consensus target price of $31.63.

Carnival Stock Down 2.8%

CCL stock opened at $30.56 on Monday. Carnival Corporation has a twelve month low of $15.07 and a twelve month high of $32.80. The company has a market cap of $35.68 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 0.68 and a beta of 2.70. The business’s 50-day simple moving average is $30.40 and its 200 day simple moving average is $24.87. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58.

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

Insider Buying and Selling

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were 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 in the company, valued at $1,916,078.50. This trade represents a 16.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.60% of the stock is currently owned by corporate insiders.

Carnival 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.