Alyeska Investment Group L.P. Has $85 Million Stake in Carnival Corporation $CCL

Key Points

• Alyeska Investment Group L.P. increased its holdings in Carnival Corporation by 72% during the first quarter, now owning approximately 4.35 million shares valued at nearly $85 million.
• Carnival Corporation reported a 9.5% year-over-year increase in revenue for the latest quarter, with earnings per share of $0.35, surpassing analysts' estimates of $0.24.
• Major analysts are bullish on Carnival, with Bank of America raising its price target from $31 to $38, giving the stock a "buy" rating.

Alyeska Investment Group L.P. increased its holdings in Carnival Corporation (NYSE:CCL - Free Report) by 72.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,352,135 shares of the company's stock after purchasing an additional 1,821,625 shares during the quarter. Alyeska Investment Group L.P. owned 0.37% of Carnival worth $84,997,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCL. Measured Risk Portfolios Inc. bought a new stake in Carnival in the fourth quarter worth approximately $29,000. Orion Capital Management LLC bought a new stake in Carnival in the fourth quarter worth approximately $30,000. N.E.W. Advisory Services LLC bought a new stake in Carnival in the first quarter worth approximately $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Carnival during the 1st quarter worth $26,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Carnival during the 1st quarter worth $35,000. 67.19% of the stock is currently owned by institutional investors.

Carnival Price Performance

Shares of Carnival stock traded down $0.22 during mid-day trading on Friday, reaching $31.54. 12,077,148 shares of the stock were exchanged, compared to its average volume of 14,918,333. 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 has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. The firm has a 50-day simple moving average of $29.94 and a 200 day simple moving average of $24.28. Carnival Corporation has a fifty-two week low of $15.07 and a fifty-two week high of $32.77.

Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The firm had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the prior year, the firm earned $0.11 EPS. The company's revenue 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. On average, sell-side analysts predict that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total transaction of $371,875.00. Following the transaction, the director owned 64,406 shares of the company's stock, valued at $1,916,078.50. This trade represents a 16.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on CCL. Mizuho upped their target price on shares of Carnival from $33.00 to $35.00 and gave the company an "outperform" rating in a research note on Wednesday, June 25th. Hsbc Global Res upgraded shares of Carnival from a "moderate sell" rating to a "hold" rating in a research note on Friday, May 16th. TD Cowen began coverage on shares of Carnival in a research note on Tuesday, July 22nd. They set a "buy" rating and a $36.00 target price for the company. Zacks Research cut shares of Carnival from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Finally, Morgan Stanley upped their target price on shares of Carnival from $21.00 to $24.00 and gave the company an "equal weight" rating in a research note on Thursday, June 26th. Thirteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock 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.