Carnival Corporation $CCL Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in Carnival Corporation (NYSE:CCL) by 83.5% in the first quarter, HoldingsChannel.com reports. The firm owned 55,479 shares of the company’s stock after selling 280,477 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Carnival were worth $1,084,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CCL. Nuveen LLC purchased a new stake in Carnival in the first quarter valued at approximately $432,718,000. Nuveen Asset Management LLC lifted its stake in Carnival by 33.7% in the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company’s stock valued at $569,423,000 after buying an additional 5,761,489 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in Carnival in the fourth quarter valued at approximately $100,845,000. AQR Capital Management LLC lifted its stake in Carnival by 228.8% in the fourth quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company’s stock valued at $116,857,000 after buying an additional 3,263,204 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in Carnival by 9,220.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 3,297,434 shares of the company’s stock valued at $82,172,000 after buying an additional 3,262,055 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Northcoast Research assumed coverage on Carnival in a research note on Friday, April 25th. They issued a “neutral” rating for the company. Barclays boosted 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. Citigroup boosted their price objective on Carnival from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Truist Financial upped their price target on Carnival from $27.00 to $31.00 and gave the stock a “hold” rating in a research note on Monday, July 21st. Finally, TD Cowen assumed coverage on Carnival in a research note on Tuesday, July 22nd. They set a “buy” rating and a $36.00 price target for the company. Thirteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Carnival presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.71.

Carnival Price Performance

Carnival stock opened at $31.2880 on Friday. Carnival Corporation has a 12 month low of $15.07 and a 12 month high of $31.38. 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 business has a 50 day simple moving average of $28.53 and a 200-day simple moving average of $23.92. The stock has a market capitalization of $36.53 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 0.65 and a beta of 2.70.

Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 EPS 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 return on equity of 27.88% and a net margin of 9.72%.The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Equities analysts predict that Carnival Corporation will post 1.77 earnings per share for the current year.

Insider Transactions at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction on Tuesday, August 5th. The stock was 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 in the company, 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 SEC, which can be accessed through this link. Insiders own 7.60% of the company’s stock.

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.