Beck Bode LLC Acquires 19,967 Shares of Carnival Corporation $CCL

Key Points

• Beck Bode LLC increased its holdings in Carnival Corporation by 8.7%, owning 249,317 shares worth approximately $4.87 million after acquiring an additional 19,967 shares.
• Many institutional investors have recently joined or adjusted their stakes in Carnival, contributing to a significant 67.19% institutional ownership of the company's stock.
• Carnival Corporation reported earnings of $0.35 per share for the most recent quarter, surpassing analyst expectations, with revenue of $6.33 billion, marking a 9.5% year-over-year increase.

Beck Bode LLC lifted its position in shares of Carnival Corporation (NYSE:CCL - Free Report) by 8.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 249,317 shares of the company's stock after purchasing an additional 19,967 shares during the quarter. Beck Bode LLC's holdings in Carnival were worth $4,869,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in Carnival by 4.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,476,588 shares of the company's stock worth $36,798,000 after acquiring an additional 60,833 shares during the period. Coldstream Capital Management Inc. lifted its stake in Carnival by 5.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 22,775 shares of the company's stock worth $568,000 after purchasing an additional 1,244 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Carnival by 2.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 627,132 shares of the company's stock valued at $15,628,000 after buying an additional 16,529 shares during the last quarter. Northern Trust Corp lifted its stake in Carnival by 14.8% in the fourth quarter. Northern Trust Corp now owns 10,638,692 shares of the company's stock valued at $265,116,000 after buying an additional 1,374,714 shares during the last quarter. Finally, Lido Advisors LLC lifted its stake in Carnival by 3.5% in the fourth quarter. Lido Advisors LLC now owns 41,057 shares of the company's stock valued at $1,023,000 after buying an additional 1,374 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Stock Performance

Shares of NYSE CCL traded down $1.23 during trading hours on Tuesday, reaching $30.67. The stock had a trading volume of 8,129,927 shares, compared to its average volume of 23,331,404. The business's fifty day moving average is $29.52 and its two-hundred day moving average is $24.12. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. The company has a market cap of $35.80 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 0.71 and a beta of 2.70. Carnival Corporation has a twelve month low of $15.07 and a twelve month high of $32.77.

Carnival (NYSE:CCL - Get Free Report) last announced its earnings results on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The company had revenue of $6.33 billion for the quarter, compared to analysts' expectations of $6.20 billion. During the same quarter in the prior year, the business earned $0.11 earnings per share. The business's revenue for the quarter was up 9.5% on a year-over-year basis. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. As a group, research analysts expect that Carnival Corporation will post 1.77 EPS for the current year.

Insider Transactions at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the firm's stock in a transaction that occurred on 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 transaction, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 7.60% of the company's stock.

Wall Street Analysts Forecast Growth

CCL has been the topic of a number of recent research reports. Loop Capital reiterated a "hold" rating and issued a $22.00 target price on shares of Carnival in a research note on Monday, June 23rd. Stifel Nicolaus raised their target price on Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Wall Street Zen upgraded Carnival from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Mizuho raised their price target on Carnival from $33.00 to $35.00 and gave the company an "outperform" rating in a report on Wednesday, June 25th. Finally, HSBC raised Carnival from a "reduce" rating to a "hold" rating and set a $24.00 target price on the stock in a report on Friday, May 16th. Thirteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.71.

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.