Holocene Advisors LP Purchases 6,669,935 Shares of Carnival Corporation $CCL

Holocene Advisors LP raised its position in shares of Carnival Corporation (NYSE:CCL) by 184.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,289,947 shares of the company’s stock after purchasing an additional 6,669,935 shares during the quarter. Holocene Advisors LP owned 0.88% of Carnival worth $289,353,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CCL. Hook Mill Capital Partners LP increased its position in shares of Carnival by 18.4% during the second quarter. Hook Mill Capital Partners LP now owns 2,223,235 shares of the company’s stock valued at $62,517,000 after acquiring an additional 345,550 shares in the last quarter. ICONIQ Capital LLC purchased a new stake in Carnival during the 2nd quarter valued at $367,000. EP Wealth Advisors LLC increased its holdings in shares of Carnival by 8.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 14,359 shares of the company’s stock worth $404,000 after purchasing an additional 1,110 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Carnival by 666.8% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 425,415 shares of the company’s stock worth $11,963,000 after purchasing an additional 369,936 shares during the last quarter. Finally, 59 North Capital Management LP lifted its holdings in shares of Carnival by 117.1% during the second quarter. 59 North Capital Management LP now owns 7,704,185 shares of the company’s stock valued at $216,642,000 after purchasing an additional 4,155,630 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Stock Down 0.8%

CCL opened at $27.63 on Friday. The firm’s 50 day simple moving average is $27.23 and its two-hundred day simple moving average is $28.11. The company has a market capitalization of $32.25 billion, a PE ratio of 14.39, a PEG ratio of 0.52 and a beta of 2.53. Carnival Corporation has a 1-year low of $15.07 and a 1-year high of $32.80. 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 issued its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11. The firm had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.09 billion. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.27 EPS. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS and its FY 2025 guidance at 2.140-2.140 EPS. As a group, equities analysts forecast that Carnival Corporation will post 1.77 EPS for the current year.

Analysts Set New Price Targets

CCL has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Carnival in a report on Wednesday, October 8th. Citigroup reduced their price target on shares of Carnival from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Friday. Argus lowered their price objective on shares of Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, September 30th. Wells Fargo & Company raised their target price on shares of Carnival from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Morgan Stanley boosted their target price on shares of Carnival from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.58.

About Carnival

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.