Metis Global Partners LLC Sells 4,019 Shares of Carnival Corporation $CCL

Metis Global Partners LLC lessened its holdings in Carnival Corporation (NYSE:CCL) by 9.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,426 shares of the company’s stock after selling 4,019 shares during the quarter. Metis Global Partners LLC’s holdings in Carnival were worth $1,052,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CCL. N.E.W. Advisory Services LLC bought a new stake in Carnival during the 1st quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Carnival during the second quarter worth about $28,000. Banque Transatlantique SA acquired a new position in Carnival during the first quarter valued at approximately $33,000. Zions Bancorporation National Association UT bought a new position in Carnival in the first quarter valued at approximately $35,000. Finally, Wealthquest Corp bought a new position in Carnival in the first quarter valued at approximately $36,000. Institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CCL. Stifel Nicolaus increased their price objective on Carnival from $34.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Citigroup increased their price target on shares of Carnival from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Truist Financial boosted their price objective on shares of Carnival from $27.00 to $31.00 and gave the stock a “hold” rating in a research note on Monday, July 21st. Bank of America raised their target price on shares of Carnival from $31.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Zacks Research upgraded Carnival from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carnival currently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

Carnival Trading Down 0.3%

Shares of CCL stock opened at $26.80 on Wednesday. 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 $31.29 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 0.57 and a beta of 2.67. The firm has a 50 day moving average price of $29.39 and a two-hundred day moving average price of $27.42. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10.

Carnival (NYSE:CCL) last released its quarterly 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. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The business had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $8.09 billion. During the same period last year, the firm posted $1.27 EPS. The firm’s revenue for the quarter 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. As a group, analysts predict that Carnival Corporation will post 1.77 earnings per share for the current year.

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.