Brevan Howard Capital Management LP Acquires New Stake in Carnival Corporation $CCL

Brevan Howard Capital Management LP acquired a new stake in Carnival Corporation (NYSE:CCL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 200,236 shares of the company’s stock, valued at approximately $5,789,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Carnival by 6.0% in the second quarter. Vanguard Group Inc. now owns 126,663,493 shares of the company’s stock valued at $3,561,777,000 after buying an additional 7,157,739 shares during the last quarter. Holocene Advisors LP boosted its position in Carnival by 184.3% during the second quarter. Holocene Advisors LP now owns 10,289,947 shares of the company’s stock worth $289,353,000 after acquiring an additional 6,669,935 shares during the last quarter. Wellington Management Group LLP boosted its position in Carnival by 99.6% during the third quarter. Wellington Management Group LLP now owns 12,159,619 shares of the company’s stock worth $351,535,000 after acquiring an additional 6,066,336 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Carnival by 50.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,510,016 shares of the company’s stock valued at $419,573,000 after acquiring an additional 4,883,024 shares in the last quarter. Finally, 59 North Capital Management LP grew its stake in Carnival by 117.1% during the 2nd quarter. 59 North Capital Management LP now owns 7,704,185 shares of the company’s stock valued at $216,642,000 after acquiring an additional 4,155,630 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

More Carnival News

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Seabourn (Carnival’s luxury brand) unveiled a new high‑end “Denali Experience” pre‑cruise program for Alaska in 2027–28 — a small but constructive product expansion that supports higher‑margin, premium offerings. Seabourn Denali Experience
• Neutral Sentiment: A valuation piece reviews CCL after recent share cooling, noting mixed momentum (short‑term weakness but positive 1‑year performance) — useful context but not an immediate catalyst. Assessing Carnival Valuation
• Negative Sentiment: Industry news: Royal Caribbean plunged after an oil spike tied to Iran tanker strikes; reports note Carnival also fell and may be more exposed if it lacks fuel hedges — rising bunker costs threaten margins and drive near‑term downside. RCL Oil Spike / Impact on Carnival
• Negative Sentiment: Market coverage: Benzinga and Zacks reported CCL sliding as Middle East tensions lifted oil and investors sold into the risk — these stories reflect momentum selling and sentiment shifts that can exacerbate price moves. Benzinga: Stock Slides as Oil Rises Zacks: CCL Declines
• Negative Sentiment: Analyst pressure: The Goldman Sachs Group issued a pessimistic forecast for CCL and Stifel lowered its price target to $35 — analyst downgrades/target cuts increase selling pressure and can influence institutional flows. Goldman Sachs Forecast Stifel Lowers Price Target

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Carnival in a research note on Friday, December 26th. Zacks Research cut Carnival from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Stifel Nicolaus reduced their price objective on Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. William Blair reissued an “outperform” rating on shares of Carnival in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company upped their target price on Carnival from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.70.

Carnival Stock Up 0.2%

Shares of CCL opened at $23.97 on Monday. The company’s 50-day moving average price is $30.19 and its 200 day moving average price is $29.29. Carnival Corporation has a 12-month low of $15.07 and a 12-month high of $34.03. The company has a current ratio of 0.32, a quick ratio of 0.28 and a debt-to-equity ratio of 1.96. The firm has a market cap of $29.70 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 0.90 and a beta of 2.42.

Carnival (NYSE:CCL) last announced its earnings results on Friday, December 19th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.09. The company had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.38 billion. Carnival had a net margin of 10.37% and a return on equity of 28.39%. Carnival’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share. Carnival has set its Q1 2026 guidance at 0.170-0.170 EPS and its FY 2026 guidance at 2.480-2.48 EPS. On average, sell-side analysts forecast that Carnival Corporation will post 1.77 earnings per share for the current year.

Carnival Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.5%. The ex-dividend date was Friday, February 13th. Carnival’s dividend payout ratio (DPR) is 30.00%.

About Carnival

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.