denkapparat Operations GmbH Makes New Investment in Carnival Corporation $CCL

denkapparat Operations GmbH bought a new stake in shares of Carnival Corporation (NYSE:CCL) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 7,892 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Causeway Capital Management LLC acquired a new stake in Carnival in the first quarter valued at $518,816,000. Nuveen LLC bought a new stake in shares of Carnival in the 1st quarter worth about $432,718,000. 59 North Capital Management LP acquired a new stake in shares of Carnival in the 1st quarter valued at about $69,303,000. AGF Management Ltd. lifted 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 worth $56,075,000 after purchasing an additional 2,851,692 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Carnival by 24.7% during the first quarter. Invesco Ltd. now owns 12,965,228 shares of the company’s stock worth $253,211,000 after purchasing an additional 2,566,148 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Stock Up 1.1%

Carnival stock opened at $27.09 on Thursday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34. Carnival Corporation has a one year low of $15.07 and a one year high of $32.80. The company has a 50-day simple moving average of $29.31 and a 200-day simple moving average of $27.41. The firm has a market capitalization of $31.63 billion, a P/E ratio of 14.11, a P/E/G ratio of 0.57 and a beta of 2.67.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.11. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The firm had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.09 billion. During the same period last year, the firm posted $1.27 EPS. Carnival’s quarterly revenue 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, equities analysts expect that Carnival Corporation will post 1.77 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on CCL shares. Citigroup upped their price objective on Carnival from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. UBS Group set a $35.00 price target on Carnival and gave the company a “buy” rating in a research report on Wednesday, October 1st. Morgan Stanley raised their price objective on Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 1st. TD Cowen began coverage on shares of Carnival in a research note on Tuesday, July 22nd. They set a “buy” rating and a $36.00 target price for the company. Finally, Zacks Research raised shares of Carnival from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $33.00.

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.