Kingstone Capital Partners Texas LLC Takes $2.79 Million Position in Carnival Corporation $CCL

Key Points

• Kingstone Capital Partners Texas LLC has invested approximately $2.79 million in Carnival Corporation, acquiring 99,120 shares in Q2, as disclosed to the SEC.
• Carnival's latest quarterly earnings report showed an EPS of $0.35, surpassing analysts' expectations of $0.24, with revenues of $6.33 billion.
• Several financial institutions have recently adjusted their price targets for Carnival stock, with Bank of America raising it from $31.00 to $38.00 and Stifel Nicolaus upgrading it to a "buy" rating.

Kingstone Capital Partners Texas LLC purchased a new position in Carnival Corporation (NYSE:CCL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 99,120 shares of the company's stock, valued at approximately $2,787,000.

Other large investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Carnival by 31.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,160 shares of the company's stock valued at $2,427,000 after acquiring an additional 28,890 shares during the last quarter. IFM Investors Pty Ltd increased its position in Carnival by 6.2% during the first quarter. IFM Investors Pty Ltd now owns 183,954 shares of the company's stock worth $3,399,000 after acquiring an additional 10,739 shares during the period. Mount Lucas Management LP grew its stake in Carnival by 42.5% during the first quarter. Mount Lucas Management LP now owns 65,754 shares of the company's stock worth $1,284,000 after buying an additional 19,601 shares in the last quarter. Personal CFO Solutions LLC bought a new position in Carnival in the first quarter valued at about $196,000. Finally, Shellback Capital LP increased its stake in shares of Carnival by 135.3% in the first quarter. Shellback Capital LP now owns 1,000,000 shares of the company's stock valued at $19,530,000 after buying an additional 575,000 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total transaction of $371,875.00. Following the sale, the director directly owned 64,406 shares of the company's stock, valued at approximately $1,916,078.50. This trade represents a 16.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.60% of the company's stock.

Carnival Stock Up 0.7%

CCL traded up $0.22 during trading on Monday, reaching $30.74. The stock had a trading volume of 17,058,638 shares, compared to its average volume of 16,631,050. Carnival Corporation has a one year low of $15.07 and a one year high of $32.80. 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 stock's 50 day moving average is $30.40 and its two-hundred day moving average is $24.87. The company has a market capitalization of $35.88 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 0.68 and a beta of 2.70.

Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.11. The business had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The company's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm 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. As a group, analysts expect that Carnival Corporation will post 1.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CCL has been the subject of a number of research reports. Barclays raised their price objective on Carnival from $33.00 to $37.00 and gave the company an "overweight" rating in a research note on Wednesday, September 17th. Tigress Financial upped their target price on Carnival from $32.00 to $38.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Zacks Research lowered Carnival from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Loop Capital restated a "hold" rating and set a $22.00 price objective on shares of Carnival in a report on Monday, June 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Carnival from $34.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, September 15th. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $31.63.

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.