Horizon Kinetics Asset Management LLC Reduces Position in Carnival Corporation $CCL

Horizon Kinetics Asset Management LLC trimmed its stake in Carnival Corporation (NYSE:CCL) by 10.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 969,428 shares of the company’s stock after selling 115,620 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Carnival were worth $27,260,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Oliver Lagore Vanvalin Investment Group purchased a new position in Carnival in the 2nd quarter valued at about $28,000. N.E.W. Advisory Services LLC purchased a new position in shares of Carnival during the first quarter valued at approximately $25,000. Whipplewood Advisors LLC lifted its stake in shares of Carnival by 301.0% during the second quarter. Whipplewood Advisors LLC now owns 1,560 shares of the company’s stock valued at $44,000 after buying an additional 1,171 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Carnival during the first quarter worth approximately $35,000. Finally, Wealthquest Corp purchased a new stake in Carnival in the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CCL shares. Wall Street Zen downgraded Carnival from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Argus dropped their price objective on shares of Carnival from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Stifel Nicolaus increased their price objective on shares of Carnival from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. UBS Group set a $35.00 price target on shares of Carnival and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Carnival in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Carnival Price Performance

Carnival stock opened at $26.55 on Monday. The firm has a fifty day moving average of $28.49 and a 200-day moving average of $27.81. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $32.80. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $31.00 billion, a P/E ratio of 13.83, a PEG ratio of 0.57 and a beta of 2.67.

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

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.