Carnival Corporation $CCL is Nixon Capital LLC's 4th Largest Position

Key Points

• Nixon Capital LLC increased its stake in Carnival Corporation by 35%, owning approximately 1,031,187 shares worth $20.14 million, making it the fund's fourth largest position.
• Multiple hedge funds have also adjusted their holdings in Carnival, with some increasing their stakes significantly, indicating strong institutional interest, as 67.19% of the stock is owned by institutional investors.
• Analysts have a consensus rating of "Moderate Buy" on Carnival stock, with price targets ranging from $26.00 to $38.00, reflecting varying levels of optimism in its future performance.

Nixon Capital LLC increased its stake in shares of Carnival Corporation (NYSE:CCL - Free Report) by 35.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,031,187 shares of the company's stock after purchasing an additional 267,359 shares during the quarter. Carnival accounts for 7.0% of Nixon Capital LLC's holdings, making the stock its 4th biggest holding. Nixon Capital LLC owned approximately 0.09% of Carnival worth $20,139,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Carnival by 31.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,160 shares of the company's stock valued at $2,427,000 after purchasing an additional 28,890 shares during the last quarter. IFM Investors Pty Ltd increased its position in shares of Carnival by 6.2% during the 1st quarter. IFM Investors Pty Ltd now owns 183,954 shares of the company's stock valued at $3,399,000 after purchasing an additional 10,739 shares during the last quarter. Mount Lucas Management LP increased its position in shares of Carnival by 42.5% during the 1st quarter. Mount Lucas Management LP now owns 65,754 shares of the company's stock valued at $1,284,000 after purchasing an additional 19,601 shares during the last quarter. Personal CFO Solutions LLC bought a new position in shares of Carnival during the 1st quarter valued at approximately $196,000. Finally, OLD National Bancorp IN increased its position in shares of Carnival by 103.4% during the 1st quarter. OLD National Bancorp IN now owns 310,142 shares of the company's stock valued at $6,057,000 after purchasing an additional 157,695 shares during the last quarter. Institutional investors own 67.19% of the company's stock.

Insider Buying and Selling at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the company's stock in a transaction 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 approximately $1,916,078.50. This represents a 16.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 7.60% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CCL. Wall Street Zen raised Carnival from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Bank of America boosted their price objective on Carnival from $31.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Susquehanna boosted their price objective on Carnival from $27.00 to $30.00 and gave the company a "positive" rating in a report on Wednesday, June 25th. HSBC upgraded Carnival from a "reduce" rating to a "hold" rating and set a $24.00 price objective for the company in a report on Friday, May 16th. Finally, Citigroup boosted their price objective on Carnival from $30.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Thirteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.71.

Carnival Trading Down 0.7%

CCL traded down $0.22 during trading hours on Friday, reaching $31.54. 12,077,148 shares of the company's stock traded hands, compared to its average volume of 14,619,766. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $32.77. The firm has a market capitalization of $36.82 billion, a PE ratio of 17.05, a PEG ratio of 0.71 and a beta of 2.70. The firm has a 50-day moving average price of $29.94 and a 200 day moving average price of $24.28. 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 issued its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The business had revenue of $6.33 billion during the quarter, compared to analysts' expectations of $6.20 billion. During the same period in the prior year, the business earned $0.11 EPS. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. 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, sell-side analysts predict that Carnival Corporation will post 1.77 EPS for the current fiscal year.

About Carnival

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.