QRG Capital Management Inc. Has $31.77 Million Stock Holdings in Carnival Corporation $CCL

QRG Capital Management Inc. lifted its stake in shares of Carnival Corporation (NYSE:CCL) by 22.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,129,923 shares of the company’s stock after purchasing an additional 204,701 shares during the quarter. QRG Capital Management Inc.’s holdings in Carnival were worth $31,773,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in Carnival by 31.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,160 shares of the company’s stock worth $2,427,000 after purchasing an additional 28,890 shares during the period. IFM Investors Pty Ltd raised its position in shares of Carnival by 6.2% in the 1st quarter. IFM Investors Pty Ltd now owns 183,954 shares of the company’s stock valued at $3,399,000 after buying an additional 10,739 shares in the last quarter. Mount Lucas Management LP lifted its holdings 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 worth $1,284,000 after acquiring an additional 19,601 shares during the period. Personal CFO Solutions LLC acquired a new stake in shares of Carnival during the 1st quarter worth approximately $196,000. Finally, Shellback Capital LP boosted its position in shares of Carnival by 135.3% during the 1st quarter. Shellback Capital LP now owns 1,000,000 shares of the company’s stock worth $19,530,000 after acquiring an additional 575,000 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CCL. UBS Group set a $35.00 price objective on shares of Carnival and gave the company a “buy” rating in a research report on Wednesday. Bank of America boosted their price target on Carnival from $31.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Carnival in a research report on Saturday, September 27th. Susquehanna lifted their target price on Carnival from $30.00 to $35.00 and gave the company a “positive” rating in a research report on Tuesday. Finally, Zacks Research cut shares of Carnival from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.90.

Carnival Price Performance

Carnival stock opened at $28.56 on Friday. The stock has a 50-day moving average price of $30.42 and a two-hundred day moving average price of $25.48. Carnival Corporation has a 12 month low of $15.07 and a 12 month high of $32.80. The company has a market capitalization of $33.34 billion, a PE ratio of 14.87, a P/E/G ratio of 0.61 and a beta of 2.68. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10.

Carnival (NYSE:CCL) last released its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.11. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The company had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter in the prior year, the firm posted $1.27 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. Analysts expect that Carnival Corporation will post 1.77 EPS for the current year.

Insider Activity

In other news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction 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 approximately $1,916,078.50. The trade was a 16.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.60% of the company’s stock.

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.