14,838 Shares in Carnival Corporation $CCL Bought by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC has acquired 14,838 shares of Carnival Corporation, valued at approximately $290,000, in its first-quarter investment.
• Wall Street analysts have given Carnival an average rating of "Moderate Buy" with a target price of $30.71, reflecting positive growth expectations.
• Carnival reported earnings of $0.35 per share, exceeding analysts' expectations, along with revenue of $6.33 billion during its latest quarter.

MBB Public Markets I LLC purchased a new stake in Carnival Corporation (NYSE:CCL - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,838 shares of the company's stock, valued at approximately $290,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CCL. Causeway Capital Management LLC acquired a new stake in shares of Carnival in the first quarter valued at approximately $518,816,000. Nuveen LLC acquired a new stake in shares of Carnival in the first quarter valued at approximately $432,718,000. Zurich Insurance Group Ltd FI acquired a new stake in shares of Carnival in the fourth quarter valued at approximately $100,845,000. 59 North Capital Management LP acquired a new stake in shares of Carnival in the first quarter valued at approximately $69,303,000. Finally, AGF Management Ltd. raised its position in shares of Carnival by 14,603.8% in the first quarter. AGF Management Ltd. now owns 2,871,219 shares of the company's stock valued at $56,075,000 after buying an additional 2,851,692 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Price Performance

Shares of NYSE CCL traded down $0.92 during midday trading on Friday, reaching $31.55. 12,993,248 shares of the company were exchanged, compared to its average volume of 15,141,149. The stock's 50-day moving average price is $30.19 and its 200-day moving average price is $24.56. The stock has a market cap of $36.83 billion, a P/E ratio of 17.05, a PEG ratio of 0.70 and a beta of 2.70. Carnival Corporation has a one year low of $15.07 and a one year high of $32.80. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58.

Carnival (NYSE:CCL - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The company's revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous 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. On average, sell-side analysts anticipate that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the business's stock in a transaction 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 sale, the director owned 64,406 shares of the company's stock, valued at approximately $1,916,078.50. The trade was a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 7.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CCL shares. Stifel Nicolaus lifted their price target on shares of Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Truist Financial lifted their price objective on shares of Carnival from $27.00 to $31.00 and gave the company a "hold" rating in a research note on Monday, July 21st. Tigress Financial lifted their price objective on shares of Carnival from $32.00 to $38.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. TD Cowen began coverage on shares of Carnival in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $36.00 price objective on the stock. Finally, Mizuho lifted their price objective 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. Thirteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.