Trexquant Investment LP Purchases 575,397 Shares of Carnival Corporation $CCL

Key Points

• Trexquant Investment LP significantly increased its stake in Carnival Corporation by 168.7%, now owning approximately $17.90 million worth of shares after acquiring an additional 575,397 shares.
• Several institutional investors have also increased their holdings in Carnival, with a collective 67.19% ownership of the company's stock, indicating strong interest from the financial sector.
• Carnival's stock has received multiple upgrades from analysts, with Citigroup raising its target price from $30.00 to $37.00, resulting in a consensus rating of "Moderate Buy" and a target price of $30.71.

Trexquant Investment LP grew its stake in shares of Carnival Corporation (NYSE:CCL - Free Report) by 168.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 916,528 shares of the company's stock after acquiring an additional 575,397 shares during the period. Trexquant Investment LP owned about 0.08% of Carnival worth $17,900,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new position in shares of Carnival during the 1st quarter valued at about $25,000. Graybill Wealth Management LTD. acquired a new position in Carnival during the 1st quarter worth approximately $26,000. Measured Risk Portfolios Inc. acquired a new position in Carnival in the 4th quarter worth $29,000. Orion Capital Management LLC purchased a new position in Carnival in the fourth quarter valued at about $30,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Carnival during the first quarter worth approximately $35,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Insider Buying and Selling

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction that occurred 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 transaction, the director owned 64,406 shares in the company, valued at $1,916,078.50. This represents a 16.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.60% of the stock is currently owned by corporate insiders.

Carnival Trading Up 0.8%

Carnival stock traded up $0.25 during mid-day trading on Wednesday, hitting $31.41. 4,463,660 shares of the company's stock were exchanged, compared to its average volume of 23,261,271. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58. The company's 50 day simple moving average is $29.63 and its 200-day simple moving average is $24.17. Carnival Corporation has a fifty-two week low of $15.07 and a fifty-two week high of $32.77. The firm has a market capitalization of $36.67 billion, a P/E ratio of 16.95, a PEG ratio of 0.71 and a beta of 2.70.

Carnival (NYSE:CCL - Get Free Report) last released its earnings results on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, beating 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 firm had revenue of $6.33 billion for the quarter, compared to analysts' expectations of $6.20 billion. During the same quarter in the previous year, the business posted $0.11 EPS. The business's quarterly 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. On average, equities analysts anticipate that Carnival Corporation will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Bank of America upped 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. Stifel Nicolaus upped their price target on shares of Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Barclays raised their price objective on Carnival from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Macquarie lowered their target price on Carnival from $31.00 to $26.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, Truist Financial increased their price target on shares of Carnival from $27.00 to $31.00 and gave the stock a "hold" rating in a research note on Monday, July 21st. Thirteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Carnival presently has a consensus rating of "Moderate Buy" and an average price target 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.