BW Gestao de Investimentos Ltda. Invests $3.71 Million in Carnival Corporation $CCL

Key Points

• BW Gestao de Investimentos Ltda. has acquired a new position in Carnival Corporation, purchasing 190,001 shares worth approximately $3.71 million in the 1st quarter.
• Hedge funds collectively own 67.19% of Carnival's stock, with several investing significant amounts during the recent quarters, highlighting strong institutional interest.
• Carnival Corporation recently reported $0.35 earnings per share for the quarter, exceeding analyst expectations, and generated revenue of $6.33 billion, marking a 9.5% year-over-year increase.

BW Gestao de Investimentos Ltda. bought a new position in shares of Carnival Corporation (NYSE:CCL - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 190,001 shares of the company's stock, valued at approximately $3,711,000.

Several other hedge funds also recently modified their holdings of CCL. Measured Risk Portfolios Inc. acquired a new stake in Carnival during the 4th quarter worth approximately $29,000. Orion Capital Management LLC bought a new position in Carnival during the fourth quarter worth $30,000. N.E.W. Advisory Services LLC bought a new stake in shares of Carnival in the first quarter valued at about $25,000. Graybill Wealth Management LTD. acquired a new position in Carnival in the first quarter valued at about $26,000. Finally, Zions Bancorporation National Association UT acquired a new position in Carnival in the first quarter valued at about $35,000. Institutional investors own 67.19% of the company's stock.

Insider Transactions at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction 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 owned 64,406 shares in the company, valued at approximately $1,916,078.50. This 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 can be accessed through this link. Company insiders own 7.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of Carnival from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Susquehanna lifted their target price on Carnival from $27.00 to $30.00 and gave the stock a "positive" rating in a research note on Wednesday, June 25th. Citigroup lifted their target price on Carnival from $30.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Bank of America boosted their price objective on Carnival from $31.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Stifel Nicolaus boosted their price objective on Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Thirteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Carnival presently has a consensus rating of "Moderate Buy" and an average price target of $30.71.

Carnival Trading Down 0.7%

NYSE CCL traded down $0.22 during trading on Friday, hitting $31.54. The company had a trading volume of 12,077,148 shares, compared to its average volume of 14,918,333. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. Carnival Corporation has a one year low of $15.07 and a one year high of $32.77. The company has a market cap of $36.82 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 0.71 and a beta of 2.70. The company's fifty day moving average is $29.94 and its 200-day moving average is $24.28.

Carnival (NYSE:CCL - Get Free Report) last posted its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. The business 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 firm's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior 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. On average, sell-side analysts predict that Carnival Corporation will post 1.77 earnings per share for the current year.

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.