Carnival Corporation $CCL Shares Sold by Kornitzer Capital Management Inc. KS

Key Points

• Kornitzer Capital Management cut its Carnival stake by 78.1% in Q4, selling 203,300 shares and leaving 57,000 shares valued at $1.74 million.
• The UK court sanctioned Carnival’s DLC unification and redomiciliation (combining Carnival Corporation and Carnival plc and moving domicile from Panama to Bermuda), a major legal step that could simplify structure and improve governance and valuation.
• Analysts' average price target is $33.99 versus CCL's recent open around $26.67 (52‑week high $34.03), and the company recently beat EPS estimates, suggesting potential upside amid ongoing volatility and sector risks.

Kornitzer Capital Management Inc. KS reduced its position in Carnival Corporation (NYSE:CCL - Free Report) by 78.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,000 shares of the company's stock after selling 203,300 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in Carnival were worth $1,741,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Carnival in the 3rd quarter valued at about $1,291,000. National Pension Service grew its position in Carnival by 10.8% in the 3rd quarter. National Pension Service now owns 2,795,560 shares of the company's stock valued at $80,820,000 after acquiring an additional 272,452 shares in the last quarter. Vanguard Group Inc. grew its position in Carnival by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 128,133,282 shares of the company's stock valued at $3,913,190,000 after acquiring an additional 368,445 shares in the last quarter. Russell Investments Group Ltd. grew its position in Carnival by 5.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,774,765 shares of the company's stock valued at $51,867,000 after acquiring an additional 93,565 shares in the last quarter. Finally, Generali Asset Management SPA SGR acquired a new position in shares of Carnival during the third quarter worth about $1,422,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Key Carnival News

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: UK court sanctioned Carnival’s DLC Unification and redomiciliation, clearing a major legal step to combine Carnival Corporation and Carnival plc and redomicile from Panama to Bermuda — this reduces structural complexity and may improve corporate governance, investor access and valuation multiple. Court Sanction of Scheme of Arrangement
• Positive Sentiment: An analyst note set a $33.99 target for CCL, signaling upside from current levels and potentially supporting buying interest if other catalysts align. Analysts Set Carnival Corporation NYSE: CCL Target Price at $33.99
• Positive Sentiment: Holland America Line (a Carnival brand) disclosed extended 2028 Grand Voyage itineraries (long, premium cruises) — a product upgrade that supports higher‑yield inventory and brand strength over time. Holland America Line Charts Six Continents and Rare and Renowned Ports in 2028 Grand Voyages
• Neutral Sentiment: Coverage pieces note Wall Street optimism toward Carnival; these editorial/analyst summaries can move sentiment but often lack immediate operational impact. Wall Street Bulls Look Optimistic About Carnival (CCL): Should You Buy?
• Neutral Sentiment: Market writeups explaining why CCL is trading up summarize recent catalysts (court sanction, analyst notes); they reinforce momentum but don't add new fundamentals. Why Carnival (CCL) stock is trading up today
• Negative Sentiment: Analysts and comparisons to peers (e.g., Booking Holdings) highlight persistent risks for Carnival — fuel cost volatility, macro/currency exposure and discretionary‑spending sensitivity — which could pressure margins and multiples. Carnival vs. Booking: Which Travel Stock Holds the Stronger Position?
• Negative Sentiment: Recent intraday/near‑term pullbacks have occurred (reports of a recent dip), underscoring short‑term volatility and sensitivity to broader market moves. Carnival (CCL) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Carnival Stock Performance

Shares of CCL opened at $26.67 on Monday. The stock has a 50 day moving average price of $27.02 and a 200 day moving average price of $28.32. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $33.04 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 1.17 and a beta of 2.33. Carnival Corporation has a 52-week low of $19.02 and a 52-week high of $34.03.

Carnival (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Friday, March 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.02. The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Carnival had a return on equity of 26.92% and a net margin of 11.48%.The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 earnings per share. Research analysts predict that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on CCL. HSBC raised Carnival from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $33.60 to $30.10 in a research report on Monday, March 30th. Citigroup lowered their price objective on Carnival from $39.00 to $35.00 and set a "buy" rating for the company in a research report on Monday, March 30th. Zacks Research downgraded Carnival from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 16th. Mizuho boosted their price objective on Carnival from $38.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, March 27th. Finally, Wells Fargo & Company lowered their price objective on Carnival from $37.00 to $36.00 and set an "overweight" rating for the company in a research report on Wednesday, April 15th. Twenty-one analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $33.99.

Insider Transactions at Carnival

In related news, Director Sir Jonathon Band sold 11,988 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $26.19, for a total value of $313,965.72. Following the completion of the transaction, the director directly owned 52,601 shares of the company's stock, valued at $1,377,620.19. This represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.90% of the stock is owned by company insiders.

Carnival Profile

Carnival Corporation NYSE: CCL is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company's core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.