Quantitative Investment Management LLC Sells 15,384 Shares of Carnival Corporation $CCL

Key Points

• Quantitative Investment Management LLC reduced its stake in Carnival Corporation by 15.5%, selling 15,384 shares and bringing its total holdings to approximately 84,160 shares worth $1,643,000.
• Several institutional investors have recently acquired new positions in Carnival, indicating strong interest, with institutional ownership standing at 67.19% of the company's stock.
• Analysts have mixed ratings on Carnival, with a consensus rating of "Moderate Buy" and an average target price of $30.71, reflecting differing outlooks on the stock's future performance.

Quantitative Investment Management LLC lowered its position in shares of Carnival Corporation (NYSE:CCL - Free Report) by 15.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,160 shares of the company's stock after selling 15,384 shares during the period. Quantitative Investment Management LLC's holdings in Carnival were worth $1,643,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Jump Financial LLC grew its stake in Carnival by 15.0% during the first quarter. Jump Financial LLC now owns 22,538 shares of the company's stock valued at $440,000 after acquiring an additional 2,943 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Carnival by 28.7% during the first quarter. Smartleaf Asset Management LLC now owns 13,033 shares of the company's stock valued at $259,000 after acquiring an additional 2,904 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Carnival by 199.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 77,153 shares of the company's stock valued at $1,507,000 after acquiring an additional 51,355 shares in the last quarter. Portland Investment Counsel Inc. grew its stake in Carnival by 22.1% during the first quarter. Portland Investment Counsel Inc. now owns 110,702 shares of the company's stock valued at $2,162,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Carnival by 46.2% during the 1st quarter. Ameriprise Financial Inc. now owns 3,060,848 shares of the company's stock valued at $59,773,000 after acquiring an additional 967,143 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Analyst Upgrades and Downgrades

CCL has been the subject of a number of research analyst reports. Bank of America lifted their price target on Carnival from $31.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Barclays lifted their price target on Carnival from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Stifel Nicolaus lifted their price target on Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Wall Street Zen raised Carnival from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Finally, Tigress Financial raised their price objective on Carnival from $32.00 to $38.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Thirteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $30.71.

Insider Buying and Selling

In other news, Director Sir Jonathon Band sold 12,500 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total transaction of $371,875.00. Following the transaction, the director directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. 7.60% of the stock is owned by company insiders.

Carnival Trading Up 0.5%

Carnival stock traded up $0.15 during trading hours on Thursday, reaching $32.49. The company had a trading volume of 13,445,632 shares, compared to its average volume of 23,478,711. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. The company has a 50-day moving average price of $29.03 and a 200 day moving average price of $24.02. The firm has a market cap of $37.93 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 0.71 and a beta of 2.70. Carnival Corporation has a 12-month low of $15.07 and a 12-month high of $32.77.

Carnival (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. The business had revenue of $6.33 billion for the quarter, compared to analysts' expectations of $6.20 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The business's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. Equities analysts forecast that Carnival Corporation will post 1.77 earnings per share for the current year.

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.