Deltec Asset Management LLC Has $19.99 Million Stake in Carnival Corporation $CCL

Key Points

• Deltec Asset Management increased its stake in Carnival by 11.6% in Q4 to 654,694 shares, representing 0.06% of Carnival and worth about $19.99 million, and the stock is the firm’s 7th largest holding (~3.3% of Deltec’s portfolio).
• Director Sir Jonathon Band sold 11,988 shares on April 1 at an average price of $26.19 (≈$313,966), trimming his position by 18.56%; insiders collectively own 7.90% of the company.
• Carnival beat quarterly expectations with $0.20 EPS vs. $0.18 expected and revenue of $6.17 billion, and analysts hold a consensus "Moderate Buy" rating with a $33.99 target price.

Deltec Asset Management LLC grew its position in Carnival Corporation (NYSE:CCL - Free Report) by 11.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 654,694 shares of the company's stock after acquiring an additional 68,234 shares during the quarter. Carnival accounts for about 3.3% of Deltec Asset Management LLC's holdings, making the stock its 7th largest position. Deltec Asset Management LLC owned 0.06% of Carnival worth $19,994,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. BOCHK Asset Management Ltd bought a new stake in shares of Carnival in the 4th quarter worth approximately $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Carnival in the 3rd quarter worth approximately $25,000. Newbridge Financial Services Group Inc. lifted its position in shares of Carnival by 381.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company's stock worth $29,000 after acquiring an additional 762 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Carnival by 182.0% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,021 shares of the company's stock worth $30,000 after acquiring an additional 659 shares during the period. Finally, LRI Investments LLC bought a new stake in shares of Carnival in the 3rd quarter worth approximately $30,000. Institutional investors own 67.19% of the company's stock.

More Carnival News

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Broader industry tailwind: a Benzinga roundup highlights cruise stocks as beneficiaries of plummeting oil prices, which improves margins for fuel‑intensive operators like Carnival and supports investor enthusiasm. 3 Cruise Stocks to Buy as Oil Prices Plummet
• Positive Sentiment: Workforce & pipeline investment: Carnival expanded its maritime cadet apprenticeship program with Princess Cruises and Maritime & Port University of Mexico, strengthening crew pipeline and demonstrating capital allocation to human capital that supports long‑term operations. Carnival Corporation Expands Mexico Maritime Cadet Apprenticeship Program
• Positive Sentiment: Demand/itinerary news: Holland America Line (a Carnival brand) resumes an expanded 2026 Alaska season with 100+ voyages and new experiences, supporting near‑term revenue visibility for the cruise segment. Holland America Line Returns to Alaska
• Positive Sentiment: Brand recognition boost: Star Princess earned a spot on Condé Nast Traveler’s 2026 Hot List, a marketing win that can help drive bookings and pricing power for Princess Cruises. Star Princess Named to Condé Nast Traveler's Prestigious 2026 Hot List
• Positive Sentiment: Operational/safety initiative: completion of S‑100 bridge simulator trials underscores Carnival’s focus on navigation safety and collaboration on emerging standards—potentially lowering risk and demonstrating proactive cost/efficiency improvements. Carnival’s S‑100 Trials Highlight Safety Focus And Valuation Upside Potential
• Neutral Sentiment: Valuation discussion: coverage questioning whether CCL is “offering value” after recent swings highlights mixed investor views—shares have been volatile, so sentiment could swing with near‑term data. Is Carnival Corporation (CCL) Offering Value After Recent Share Price Swings?
• Neutral Sentiment: Local marketing/PR: Princess Cruises will host an Alaska‑themed drone show in Seattle (May 1), a consumer PR event that supports brand visibility but has limited direct financial impact. Princess Cruises to Host Spectacular Alaska-Themed Drone Show
• Negative Sentiment: Analyst downgrade: Zacks added CCL to its Rank #5 (Strong Sell) list, which can pressure sentiment and attract short‑term selling from model‑driven investors. New Strong Sell Stocks for April 24th

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company dropped their target price on Carnival from $37.00 to $36.00 and set an "overweight" rating for the company in a report on Wednesday, April 15th. Sanford C. Bernstein dropped their target price on Carnival from $33.00 to $28.70 and set a "market perform" rating for the company in a report on Monday, March 30th. Weiss Ratings raised Carnival from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 30th. Susquehanna dropped their target price on Carnival from $40.00 to $30.00 and set a "positive" rating for the company in a report on Monday, March 23rd. Finally, HSBC raised Carnival from a "hold" rating to a "buy" rating and dropped their target price for the stock from $33.60 to $30.10 in a report on Monday, March 30th. Twenty-one equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $33.99.

Carnival Trading Up 0.1%

Shares of CCL opened at $27.20 on Monday. Carnival Corporation has a 1 year low of $17.33 and a 1 year high of $34.03. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 1.82. The stock has a 50 day simple moving average of $27.49 and a 200-day simple moving average of $28.38. The stock has a market cap of $33.70 billion, a PE ratio of 12.09, a PEG ratio of 1.19 and a beta of 2.48.

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

About Carnival

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.

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