MGO One Seven LLC Sells 11,560 Shares of Carnival Corporation $CCL

Key Points

• MGO One Seven LLC reduced its stake in Carnival Corporation by 42.9% by selling 11,560 shares, bringing their total holdings to 15,400 shares worth approximately $433,000.
• Analysts have raised price targets for Carnival stock, with JPMorgan Chase increasing their target from $34 to $39, reflecting a strong outlook with an average target price of $33.
• Carnival Corporation reported $1.43 EPS for the last quarter, exceeding analysts' estimates of $1.32 and showing a 3.3% year-over-year revenue growth of $8.15 billion.

MGO One Seven LLC lessened its stake in shares of Carnival Corporation (NYSE:CCL - Free Report) by 42.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,400 shares of the company's stock after selling 11,560 shares during the period. MGO One Seven LLC's holdings in Carnival were worth $433,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Index Fund Advisors Inc. bought a new position in shares of Carnival during the 2nd quarter valued at approximately $207,000. Vanguard Personalized Indexing Management LLC grew its holdings in Carnival by 20.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 124,368 shares of the company's stock valued at $3,497,000 after purchasing an additional 21,060 shares during the period. Concurrent Investment Advisors LLC increased its position in Carnival by 46.1% in the second quarter. Concurrent Investment Advisors LLC now owns 20,967 shares of the company's stock worth $590,000 after buying an additional 6,611 shares during the last quarter. Apollon Wealth Management LLC raised its stake in shares of Carnival by 20.7% in the second quarter. Apollon Wealth Management LLC now owns 28,721 shares of the company's stock valued at $808,000 after buying an additional 4,921 shares during the period. Finally, U S Global Investors Inc. lifted its position in shares of Carnival by 17.0% during the 2nd quarter. U S Global Investors Inc. now owns 86,000 shares of the company's stock valued at $2,418,000 after buying an additional 12,500 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Stock Performance

NYSE CCL opened at $28.31 on Friday. The company's 50 day simple moving average is $30.24 and its two-hundred day simple moving average is $26.06. The company has a debt-to-equity ratio of 2.10, 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 stock has a market capitalization of $33.05 billion, a PE ratio of 14.74, a P/E/G ratio of 0.60 and a beta of 2.68.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Monday, September 29th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.11. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The firm had revenue of $8.15 billion during the quarter, compared to analyst estimates of $8.09 billion. During the same period in the previous year, the business earned $1.27 EPS. The business's revenue for the quarter was up 3.3% on a year-over-year basis. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. Analysts predict that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on CCL. JPMorgan Chase & Co. lifted their price objective on Carnival from $34.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, September 15th. Bank of America boosted their price target on shares of Carnival from $31.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Mizuho raised their price objective on shares of Carnival from $35.00 to $37.00 and gave the stock an "outperform" rating in a report on Thursday, September 25th. Melius Research boosted their target price on shares of Carnival from $30.00 to $36.00 and gave the company a "buy" rating in a report on Monday, September 15th. Finally, Argus dropped their target price on Carnival from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $33.00.

Insiders Place Their Bets

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the sale, the director owned 64,406 shares of the company's stock, valued at $1,916,078.50. This trade represents a 16.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 7.60% of the stock is owned by corporate insiders.

Carnival 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.