Credit Capital Investments LLC Has $422,000 Stock Position in Carnival Corporation $CCL

Credit Capital Investments LLC boosted its stake in shares of Carnival Corporation (NYSE:CCL) by 15.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,000 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. Carnival makes up approximately 0.6% of Credit Capital Investments LLC’s holdings, making the stock its 21st biggest holding. Credit Capital Investments LLC’s holdings in Carnival were worth $422,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CCL. N.E.W. Advisory Services LLC bought a new stake in shares of Carnival during the first quarter valued at approximately $25,000. Oliver Lagore Vanvalin Investment Group acquired a new position in Carnival during the 2nd quarter worth $28,000. Banque Transatlantique SA bought a new position in Carnival in the 1st quarter valued at $33,000. Zions Bancorporation National Association UT bought a new position in Carnival in the 1st quarter valued at $35,000. Finally, Wealthquest Corp acquired a new stake in shares of Carnival in the 1st quarter valued at $36,000. 67.19% of the stock is owned by institutional investors.

Carnival Stock Performance

Shares of NYSE:CCL opened at $27.09 on Thursday. The company has a market capitalization of $31.63 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 0.57 and a beta of 2.67. The firm’s 50 day simple moving average is $29.31 and its 200 day simple moving average is $27.41. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30. Carnival Corporation has a fifty-two week low of $15.07 and a fifty-two week high of $32.80.

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, beating analysts’ consensus estimates of $1.32 by $0.11. The firm had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $8.09 billion. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company 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, sell-side analysts forecast that Carnival Corporation will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CCL. Susquehanna upped their price target on Carnival from $30.00 to $35.00 and gave the company a “positive” rating in a research note on Tuesday, September 30th. JPMorgan Chase & Co. boosted their price objective on Carnival from $34.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday, September 15th. Argus cut their target price on shares of Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, September 30th. Melius Research lifted their price target on shares of Carnival from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Finally, Bank of America increased their price objective on shares of Carnival from $31.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

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.