Rhumbline Advisers Has $55.95 Million Holdings in Carnival Corporation $CCL

Rhumbline Advisers grew its holdings in Carnival Corporation (NYSE:CCL) by 4.1% during the 2nd quarter, Holdings Channel reports. The firm owned 1,989,691 shares of the company’s stock after purchasing an additional 77,546 shares during the period. Rhumbline Advisers’ holdings in Carnival were worth $55,950,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Mufg Securities Americas Inc. lifted its holdings in Carnival by 25.5% in the second quarter. Mufg Securities Americas Inc. now owns 23,270 shares of the company’s stock valued at $654,000 after buying an additional 4,723 shares during the period. AXQ Capital LP raised its position in shares of Carnival by 593.9% during the 2nd quarter. AXQ Capital LP now owns 86,460 shares of the company’s stock valued at $2,431,000 after acquiring an additional 74,000 shares during the last quarter. Journey Strategic Wealth LLC bought a new stake in shares of Carnival during the 2nd quarter valued at $350,000. Mediolanum International Funds Ltd lifted its stake in shares of Carnival by 156.2% in the 2nd quarter. Mediolanum International Funds Ltd now owns 293,355 shares of the company’s stock valued at $7,997,000 after purchasing an additional 178,839 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Carnival by 6.9% in the 2nd quarter. Legal & General Group Plc now owns 4,854,314 shares of the company’s stock worth $136,503,000 after purchasing an additional 315,193 shares during the last quarter. 67.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CCL. Argus dropped their price objective on Carnival from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, September 30th. Mizuho boosted their target price on Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Morgan Stanley upped their price target on Carnival from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Wall Street Zen downgraded shares of Carnival from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Finally, Melius Research boosted their price objective on shares of Carnival from $30.00 to $36.00 and gave the company a “buy” rating in a report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Carnival Stock Performance

Shares of CCL opened at $24.67 on Tuesday. The firm has a market cap of $28.80 billion, a P/E ratio of 12.85, a PEG ratio of 0.57 and a beta of 2.67. Carnival Corporation has a twelve month low of $15.07 and a twelve month high of $32.80. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34. The firm’s 50 day moving average price is $28.36 and its two-hundred day moving average price is $27.84.

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, 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 net margin of 10.07% and a return on equity of 27.86%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. On average, analysts forecast that Carnival Corporation will post 1.77 EPS for the current fiscal 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.