1832 Asset Management L.P. Acquires Shares of 103,754 Carnival Corporation $CCL

1832 Asset Management L.P. purchased a new position in Carnival Corporation (NYSE:CCL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 103,754 shares of the company’s stock, valued at approximately $2,918,000.

Several other large investors also recently added to or reduced their stakes in the stock. Causeway Capital Management LLC purchased a new stake in Carnival in the first quarter worth about $518,816,000. Nuveen LLC bought a new stake in shares of Carnival in the 1st quarter valued at about $432,718,000. Vanguard Group Inc. lifted its position 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 worth $3,561,777,000 after purchasing an additional 7,157,739 shares during the period. 59 North Capital Management LP bought a new position in shares of Carnival during the first quarter valued at approximately $69,303,000. Finally, AGF Management Ltd. increased its holdings in Carnival by 14,603.8% during the first quarter. AGF Management Ltd. now owns 2,871,219 shares of the company’s stock valued at $56,075,000 after buying an additional 2,851,692 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Stock Up 0.1%

CCL stock opened at $25.84 on Friday. The stock has a market capitalization of $30.17 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.48 and a beta of 2.53. Carnival Corporation has a 52 week low of $15.07 and a 52 week high of $32.80. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10. The firm has a 50 day moving average of $27.45 and a 200 day moving average of $27.96.

Carnival (NYSE:CCL) last posted its quarterly 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 business had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $8.09 billion. During the same quarter last year, the company posted $1.27 earnings per share. The business’s quarterly 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. Sell-side analysts forecast that Carnival Corporation will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

CCL has been the subject of a number of analyst reports. Citigroup upped 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. Mizuho upped their price objective on Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Carnival in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Carnival from $34.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday, September 15th. Finally, Zacks Research upgraded shares of Carnival from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Carnival presently has a consensus rating of “Moderate Buy” and an average target price of $33.55.

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.