Sciencast Management LP Invests $1.34 Million in Carnival Corporation $CCL

Key Points

• Sciencast Management LP acquired a new stake in Carnival Corporation during the first quarter, buying 68,800 shares valued at approximately $1,344,000.
• Vanguard Group and other institutional investors increased their stakes in Carnival, with Vanguard now holding over 119 million shares valued at over $2.3 billion.
• After recent earnings, Carnival's stock ratings have varied, with analyst target prices ranging from $22.00 to $35.00, and a current consensus rating of "Moderate Buy".

Sciencast Management LP purchased a new stake in Carnival Corporation (NYSE:CCL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 68,800 shares of the company's stock, valued at approximately $1,344,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CCL. Baird Financial Group Inc. boosted its stake in Carnival by 70.6% in the fourth quarter. Baird Financial Group Inc. now owns 49,821 shares of the company's stock valued at $1,242,000 after acquiring an additional 20,620 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Carnival by 53.9% during the fourth quarter. Captrust Financial Advisors now owns 65,032 shares of the company's stock worth $1,621,000 after purchasing an additional 22,774 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Carnival by 8.6% during the fourth quarter. Cetera Investment Advisers now owns 252,731 shares of the company's stock worth $6,298,000 after purchasing an additional 20,057 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Carnival by 16.1% during the fourth quarter. Deutsche Bank AG now owns 3,372,896 shares of the company's stock worth $84,053,000 after purchasing an additional 467,299 shares in the last quarter. Finally, Ethic Inc. bought a new position in shares of Carnival during the fourth quarter worth $590,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CCL shares. HSBC raised shares of Carnival from a "reduce" rating to a "hold" rating and set a $24.00 price target on the stock in a research report on Friday, May 16th. Barclays boosted their price objective on shares of Carnival from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Tigress Financial boosted their price objective on shares of Carnival from $32.00 to $38.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Mizuho boosted their price objective on shares of Carnival from $33.00 to $35.00 and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Finally, Loop Capital reaffirmed a "hold" rating and issued a $22.00 price objective on shares of Carnival in a research report on Monday, June 23rd. Thirteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Carnival has a consensus rating of "Moderate Buy" and a consensus price target of $30.71.

Insider Transactions at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were 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 in the company, valued at $1,916,078.50. The trade was a 16.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 7.60% of the company's stock.

Carnival Stock Down 2.8%

CCL stock traded down $0.92 during midday trading on Friday, hitting $31.55. The company's stock had a trading volume of 12,993,248 shares, compared to its average volume of 23,007,367. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. Carnival Corporation has a twelve month low of $15.07 and a twelve month high of $32.80. The company's fifty day moving average price is $30.15 and its 200 day moving average price is $24.50. The stock has a market capitalization of $36.83 billion, a P/E ratio of 17.05, a PEG ratio of 0.70 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 (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The firm had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same period in the previous year, the business earned $0.11 EPS. The company's revenue 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, equities research analysts predict that Carnival Corporation will post 1.77 EPS 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.