Los Angeles Capital Management LLC Boosts Holdings in Carnival Corporation $CCL

Los Angeles Capital Management LLC raised its stake in shares of Carnival Corporation (NYSE:CCL) by 39.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 2,453,417 shares of the company’s stock after acquiring an additional 695,421 shares during the period. Los Angeles Capital Management LLC’s holdings in Carnival were worth $68,990,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Causeway Capital Management LLC purchased a new stake in shares of Carnival in the first quarter valued at $518,816,000. Nuveen LLC purchased a new stake in Carnival in the 1st quarter worth about $432,718,000. 59 North Capital Management LP bought a new stake in Carnival in the first quarter worth about $69,303,000. AGF Management Ltd. boosted its position in shares of Carnival by 14,603.8% during the first quarter. AGF Management Ltd. now owns 2,871,219 shares of the company’s stock valued at $56,075,000 after buying an additional 2,851,692 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Carnival by 24.7% during the first quarter. Invesco Ltd. now owns 12,965,228 shares of the company’s stock valued at $253,211,000 after buying an additional 2,566,148 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

CCL has been the subject of a number of research analyst reports. Zacks Research raised Carnival from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Stifel Nicolaus lifted their target price on Carnival from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Morgan Stanley upped their price target on shares of Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Tigress Financial raised their price target on shares of Carnival from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Barclays boosted their price objective on shares of Carnival from $33.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.00.

Carnival Stock Performance

Shares of CCL stock opened at $26.74 on Friday. The firm has a market cap of $31.21 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 0.57 and a beta of 2.67. 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 company’s 50 day moving average is $29.58 and its 200 day moving average is $27.17.

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