Carnival Corporation $CCL Stock Holdings Increased by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its holdings in Carnival Corporation by 100.2%, acquiring an additional 118,795 shares worth approximately $4.6 million.
• Several institutional investors, including Focus Partners Wealth and Ethic Inc., have also boosted their stakes in Carnival, with 67.19% of the stock currently owned by institutional investors.
• Analysts have shown optimism for Carnival, with several firms raising their target prices and assigning "buy" ratings, contributing to an average target price of $30.71 for the stock.

Intech Investment Management LLC boosted its position in Carnival Corporation (NYSE:CCL - Free Report) by 100.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 237,362 shares of the company's stock after buying an additional 118,795 shares during the quarter. Intech Investment Management LLC's holdings in Carnival were worth $4,636,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CCL. Ethic Inc. acquired a new position in Carnival in the fourth quarter valued at approximately $590,000. Focus Partners Wealth boosted its stake in Carnival by 144.3% in the fourth quarter. Focus Partners Wealth now owns 46,841 shares of the company's stock valued at $1,188,000 after acquiring an additional 27,667 shares during the period. Jefferies Financial Group Inc. acquired a new position in Carnival in the fourth quarter valued at approximately $353,000. Janus Henderson Group PLC boosted its stake in Carnival by 4.2% in the fourth quarter. Janus Henderson Group PLC now owns 59,499 shares of the company's stock valued at $1,483,000 after acquiring an additional 2,380 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in Carnival by 11.0% in the fourth quarter. Lazard Asset Management LLC now owns 120,147 shares of the company's stock valued at $2,994,000 after acquiring an additional 11,922 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CCL shares. Susquehanna lifted their target price on Carnival from $27.00 to $30.00 and gave the company 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 research note 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 research report on Wednesday, July 23rd. Mizuho boosted their price objective on Carnival from $33.00 to $35.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. Finally, TD Cowen assumed coverage on Carnival in a research report on Tuesday, July 22nd. They set a "buy" rating and a $36.00 price objective for the company. 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 company currently has an average rating of "Moderate Buy" and an average target price of $30.71.

Carnival Stock Performance

CCL opened at $31.55 on Friday. The company has a market capitalization of $36.83 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 0.73 and a beta of 2.70. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. Carnival Corporation has a 1-year low of $15.07 and a 1-year high of $32.80. The business has a 50 day moving average price of $30.19 and a two-hundred day moving average price of $24.55.

Carnival (NYSE:CCL - Get Free Report) last released its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates 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 firm's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. Research analysts predict that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the company'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 sale, the director directly owned 64,406 shares in the company, valued at $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 SEC, which is available at this hyperlink. 7.60% of the stock is owned by company insiders.

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.

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