AQR Capital Management LLC Has $84.06 Million Stock Position in Carnival Corporation $CCL

Key Points

• AQR Capital Management has reduced its stake in Carnival Corporation by 6.0%, now holding 4,410,202 shares, valued at approximately $84.06 million.
• Analysts have mixed views on Carnival's stock, with Zacks recently downgrading it from "strong-buy" to "hold," while other analysts have set a consensus target price of $30.71.
• Despite the stock's volatility, Carnival reported a 9.5% year-over-year revenue increase in its latest earnings, with earnings per share beating estimates at $0.35.

AQR Capital Management LLC reduced its stake in shares of Carnival Corporation (NYSE:CCL - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,410,202 shares of the company's stock after selling 279,103 shares during the quarter. AQR Capital Management LLC owned 0.38% of Carnival worth $84,058,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CCL. Schonfeld Strategic Advisors LLC bought a new position in shares of Carnival in the 4th quarter valued at $733,000. Aptus Capital Advisors LLC bought a new stake in shares of Carnival during the 4th quarter worth $257,000. Ameriprise Financial Inc. lifted its position in shares of Carnival by 2.3% during the 4th quarter. Ameriprise Financial Inc. now owns 2,093,705 shares of the company's stock worth $52,175,000 after buying an additional 46,129 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Carnival by 70.6% during the 4th quarter. Baird Financial Group Inc. now owns 49,821 shares of the company's stock worth $1,242,000 after buying an additional 20,620 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of Carnival by 53.9% during the 4th quarter. Captrust Financial Advisors now owns 65,032 shares of the company's stock worth $1,621,000 after buying an additional 22,774 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Carnival from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Susquehanna raised their price target on shares of Carnival from $27.00 to $30.00 and gave the company a "positive" rating in a research note on Wednesday, June 25th. Loop Capital restated a "hold" rating and issued a $22.00 price target on shares of Carnival in a research note on Monday, June 23rd. Macquarie reduced their price target on shares of Carnival from $31.00 to $26.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, HSBC upgraded shares of Carnival from a "reduce" rating to a "hold" rating and set a $24.00 price target on the stock in a research note on Friday, May 16th. Thirteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Carnival currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.71.

Carnival Price Performance

Carnival stock opened at $31.54 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $36.82 billion, a PE ratio of 17.05, a P/E/G ratio of 0.71 and a beta of 2.70. Carnival Corporation has a 12 month low of $15.07 and a 12 month high of $32.77. The stock has a 50-day moving average price of $29.94 and a two-hundred day moving average price of $24.29.

Carnival (NYSE:CCL - Get Free Report) last posted its earnings results on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.24 by $0.11. The firm had revenue of $6.33 billion during 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 business's quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the company 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. Analysts expect that Carnival Corporation will post 1.77 EPS for the current year.

Insider Buying and Selling at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the completion of the sale, the director owned 64,406 shares of the company's stock, valued at approximately $1,916,078.50. This represents a 16.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 7.60% of the company's stock.

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.

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