Carnival Corporation $CCL is New Century Financial Group LLC’s 9th Largest Position

New Century Financial Group LLC raised its stake in Carnival Corporation (NYSE:CCL) by 375.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 72,140 shares of the company’s stock after acquiring an additional 56,976 shares during the period. Carnival accounts for 2.4% of New Century Financial Group LLC’s portfolio, making the stock its 9th biggest position. New Century Financial Group LLC’s holdings in Carnival were worth $2,029,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CCL. Vanguard Group Inc. increased its stake in Carnival by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 119,505,754 shares of the company’s stock valued at $2,333,947,000 after buying an additional 2,410,188 shares during the period. Causeway Capital Management LLC purchased a new stake in shares of Carnival in the first quarter valued at about $518,816,000. Nuveen LLC acquired a new position in shares of Carnival during the first quarter worth about $432,718,000. Invesco Ltd. raised its holdings in 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 in the last quarter. Finally, Northern Trust Corp raised its holdings in Carnival by 16.8% during the first quarter. Northern Trust Corp now owns 12,425,707 shares of the company’s stock worth $242,674,000 after purchasing an additional 1,787,015 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Trading Up 1.7%

Shares of CCL opened at $28.84 on Friday. 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 1-year low of $15.07 and a 1-year high of $32.80. The stock has a market cap of $33.67 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 0.60 and a beta of 2.68. The firm has a 50 day simple moving average of $30.44 and a 200-day simple moving average of $25.42.

Carnival (NYSE:CCL) last announced its earnings results on Monday, September 29th. The company reported $1.43 EPS for the quarter, beating 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 firm had revenue of $8.15 billion for the quarter, compared to analysts’ expectations of $8.09 billion. During the same quarter in the prior year, the firm earned $1.27 EPS. Carnival’s quarterly 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. Equities analysts forecast that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CCL. Zacks Research lowered Carnival from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Argus decreased their price target on Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday. TD Cowen initiated coverage on Carnival in a research report on Tuesday, July 22nd. They issued a “buy” rating and a $36.00 price objective for the company. Tigress Financial boosted their target price on shares of Carnival from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Finally, Truist Financial upped their price target on shares of Carnival from $27.00 to $31.00 and gave the stock a “hold” rating in a research note on Monday, July 21st. Seventeen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Carnival presently has a consensus rating of “Moderate Buy” and an average price target of $32.90.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 12,500 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the completion of the transaction, the director owned 64,406 shares of the company’s stock, valued at approximately $1,916,078.50. The trade was a 16.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.60% of the company’s stock.

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.