Voleon Capital Management LP Has $857,000 Position in Carnival Corporation $CCL

Key Points

• Voleon Capital Management LP has significantly reduced its holdings in Carnival Corporation by 81.6%, owning only 43,883 shares after selling 194,518 shares in the first quarter.
• Other institutional investors like Mirae Asset Global Investments and OLD National Bancorp IN have increased their stakes in Carnival, indicating mixed investor sentiment.
• Analyst ratings for Carnival indicate a split outlook, with thirteen analysts rating it as a "buy" compared to eight rating it as a "hold," while the current consensus price target is $30.71.

Voleon Capital Management LP lessened its holdings in Carnival Corporation (NYSE:CCL - Free Report) by 81.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,883 shares of the company's stock after selling 194,518 shares during the period. Voleon Capital Management LP's holdings in Carnival were worth $857,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Baird Financial Group Inc. lifted its holdings in Carnival by 70.6% in the 4th quarter. Baird Financial Group Inc. now owns 49,821 shares of the company's stock worth $1,242,000 after buying an additional 20,620 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Carnival by 53.9% in the 4th quarter. Captrust Financial Advisors now owns 65,032 shares of the company's stock worth $1,621,000 after buying an additional 22,774 shares in the last quarter. Cetera Investment Advisers grew its stake in Carnival by 8.6% during the 4th quarter. Cetera Investment Advisers now owns 252,731 shares of the company's stock valued at $6,298,000 after purchasing an additional 20,057 shares in the last quarter. Ethic Inc. acquired a new stake in Carnival during the 4th quarter valued at approximately $590,000. Finally, Focus Partners Wealth grew its stake in Carnival by 144.3% during the 4th quarter. Focus Partners Wealth now owns 46,841 shares of the company's stock valued at $1,188,000 after purchasing an additional 27,667 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Insider Activity at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the completion of the transaction, the director owned 64,406 shares of the company's stock, valued at approximately $1,916,078.50. This represents a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.60% of the company's stock.

Carnival Price Performance

CCL traded down $0.92 on Friday, hitting $31.55. 12,993,248 shares of the stock were exchanged, compared to its average volume of 15,040,851. Carnival Corporation has a 12 month low of $15.07 and a 12 month high of $32.80. The business has a 50-day moving average of $30.19 and a two-hundred day moving average of $24.55. 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 firm has a market capitalization of $36.83 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 0.73 and a beta of 2.70.

Carnival (NYSE:CCL - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $6.33 billion during the quarter, compared to analysts' expectations of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. Carnival's revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. Sell-side analysts forecast that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Analysts Set New Price Targets

CCL has been the subject of a number of recent analyst reports. Barclays raised their price objective on Carnival from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Wednesday, June 25th. Susquehanna raised their price objective on Carnival from $27.00 to $30.00 and gave the company a "positive" rating in a research note on Wednesday, June 25th. Truist Financial raised their price objective on Carnival from $27.00 to $31.00 and gave the company a "hold" rating in a research note on Monday, July 21st. TD Cowen started coverage on shares of Carnival in a research report on Tuesday, July 22nd. They issued a "buy" rating and a $36.00 target price for the company. Finally, Citigroup boosted their target price on shares of Carnival from $30.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, Carnival 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.