Carnival Corporation $CCL Shares Sold by Olympiad Research LP

Olympiad Research LP decreased its stake in shares of Carnival Corporation (NYSE:CCL) by 39.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,358 shares of the company’s stock after selling 7,481 shares during the quarter. Olympiad Research LP’s holdings in Carnival were worth $319,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new position in shares of Carnival during the 1st quarter worth $25,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Carnival during the second quarter worth about $28,000. Banque Transatlantique SA purchased a new position in Carnival in the 1st quarter valued at approximately $33,000. Zions Bancorporation National Association UT purchased a new position in Carnival in the first quarter valued at $35,000. Finally, Wealthquest Corp purchased a new stake in Carnival during the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CCL. Barclays increased their price objective on Carnival from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, September 17th. Stifel Nicolaus lifted their price objective on shares of Carnival from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Argus dropped their target price on Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, September 30th. Mizuho lifted their target price on shares of Carnival from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. Finally, Zacks Research upgraded Carnival from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. One investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

Carnival Price Performance

Shares of NYSE:CCL opened at $26.12 on Friday. The company has a market cap of $30.50 billion, a P/E ratio of 13.60, a P/E/G 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 business has a fifty day simple moving average of $29.19 and a 200-day simple moving average of $27.40.

Carnival (NYSE:CCL) last posted its quarterly earnings results 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 the consensus estimate of $8.09 billion. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Equities research analysts forecast that Carnival Corporation will post 1.77 EPS for the current year.

Carnival 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.