AGF Management Ltd. Sells 2,837,953 Shares of Carnival Corporation $CCL

AGF Management Ltd. cut its stake in Carnival Corporation (NYSE:CCL) by 98.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,266 shares of the company’s stock after selling 2,837,953 shares during the quarter. AGF Management Ltd.’s holdings in Carnival were worth $935,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Tabor Asset Management LP grew its holdings in shares of Carnival by 22.3% in the 2nd quarter. Tabor Asset Management LP now owns 250,381 shares of the company’s stock valued at $7,041,000 after acquiring an additional 45,586 shares in the last quarter. Rovin Capital UT ADV bought a new stake in Carnival during the second quarter worth about $439,000. Savant Capital LLC boosted its position in Carnival by 3.0% during the second quarter. Savant Capital LLC now owns 103,402 shares of the company’s stock valued at $2,908,000 after purchasing an additional 3,009 shares during the last quarter. Golden State Wealth Management LLC grew its stake in Carnival by 39.6% in the second quarter. Golden State Wealth Management LLC now owns 4,396 shares of the company’s stock valued at $124,000 after purchasing an additional 1,247 shares in the last quarter. Finally, Andra AP fonden grew its stake in Carnival by 37.8% in the second quarter. Andra AP fonden now owns 932,500 shares of the company’s stock valued at $26,222,000 after purchasing an additional 255,700 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Price Performance

NYSE:CCL opened at $26.80 on Wednesday. Carnival Corporation has a 52 week low of $15.07 and a 52 week high of $32.80. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34. The firm’s 50-day simple moving average is $29.39 and its 200 day simple moving average is $27.42. The firm has a market cap of $31.29 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 0.57 and a beta of 2.67.

Carnival (NYSE:CCL) last announced its earnings results on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $8.09 billion. During the same quarter in the prior year, the business posted $1.27 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. As a group, sell-side analysts predict that Carnival Corporation will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

CCL has been the topic of a number of analyst reports. Melius Research upped their price objective on Carnival from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Bank of America upped their price target on shares of Carnival from $31.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. UBS Group set a $35.00 price target on shares of Carnival and gave the company a “buy” rating in a research note on Wednesday, October 1st. Argus dropped their target price on shares of Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, September 30th. Finally, Tigress Financial raised their target price on shares of Carnival from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.00.

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.