Arrowstreet Capital Limited Partnership Lowers Holdings in Carnival Corporation $CCL

Arrowstreet Capital Limited Partnership lessened its holdings in shares of Carnival Corporation (NYSE:CCL) by 11.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,738,274 shares of the company’s stock after selling 861,617 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.58% of Carnival worth $189,480,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Quantbot Technologies LP bought a new position in Carnival during the second quarter valued at approximately $7,266,000. M&T Bank Corp grew its holdings in shares of Carnival by 5.3% during the 2nd quarter. M&T Bank Corp now owns 59,730 shares of the company’s stock valued at $1,680,000 after purchasing an additional 3,013 shares during the last quarter. Fisher Asset Management LLC purchased a new position in Carnival in the 2nd quarter worth $342,000. River Road Asset Management LLC lifted its stake in Carnival by 78.0% in the second quarter. River Road Asset Management LLC now owns 377,035 shares of the company’s stock worth $11,224,000 after purchasing an additional 165,241 shares during the last quarter. Finally, Black Cypress Capital Management LLC boosted its position in Carnival by 15.5% during the second quarter. Black Cypress Capital Management LLC now owns 162,765 shares of the company’s stock valued at $4,577,000 after buying an additional 21,877 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Carnival Trading Down 0.4%

Shares of CCL opened at $25.82 on Wednesday. Carnival Corporation has a 1 year low of $15.07 and a 1 year high of $32.80. The company has a 50 day simple moving average of $27.73 and a two-hundred day simple moving average of $27.98. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30. The firm has a market cap of $30.14 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 0.48 and a beta of 2.53.

Carnival (NYSE:CCL) last announced its quarterly earnings results on Monday, September 29th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The company had revenue of $8.15 billion during the quarter, compared to analyst estimates of $8.09 billion. During the same period in the prior year, the company earned $1.27 earnings per share. The firm’s revenue 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. On average, equities analysts expect that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CCL. Zacks Research raised shares of Carnival from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. upped their target price on Carnival from $34.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday, September 15th. Wall Street Zen cut shares of Carnival from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Citigroup boosted their target price on Carnival from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Carnival in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.55.

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.