Hook Mill Capital Partners LP Has $62.52 Million Holdings in Carnival Corporation $CCL

Hook Mill Capital Partners LP boosted its holdings in shares of Carnival Corporation (NYSE:CCL) by 18.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,223,235 shares of the company’s stock after purchasing an additional 345,550 shares during the quarter. Carnival comprises about 6.1% of Hook Mill Capital Partners LP’s investment portfolio, making the stock its largest position. Hook Mill Capital Partners LP’s holdings in Carnival were worth $62,517,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. State of Michigan Retirement System lifted its position in Carnival by 9.9% in the second quarter. State of Michigan Retirement System now owns 312,244 shares of the company’s stock worth $8,780,000 after buying an additional 28,000 shares during the last quarter. AustralianSuper Pty Ltd bought a new stake in shares of Carnival during the 2nd quarter worth approximately $37,880,000. New Century Financial Group LLC boosted its holdings in Carnival by 375.7% during the 2nd quarter. New Century Financial Group LLC now owns 72,140 shares of the company’s stock valued at $2,029,000 after acquiring an additional 56,976 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Carnival by 30.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 100,983 shares of the company’s stock worth $2,840,000 after purchasing an additional 23,866 shares during the period. Finally, Convergence Investment Partners LLC bought a new stake in shares of Carnival during the second quarter worth $734,000. Institutional investors own 67.19% of the company’s stock.

Carnival Stock Down 0.8%

Shares of NYSE CCL opened at $27.63 on Friday. Carnival Corporation has a 12-month low of $15.07 and a 12-month high of $32.80. The stock’s fifty day simple moving average is $27.23 and its two-hundred day simple moving average is $28.11. The stock has a market capitalization of $32.25 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 0.52 and a beta of 2.53. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10.

Carnival (NYSE:CCL) last released its quarterly earnings results on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11. The business had revenue of $8.15 billion for 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 company’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $1.27 EPS. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS and its FY 2025 guidance at 2.140-2.140 EPS. As a group, analysts expect that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on CCL. UBS Group reaffirmed a “buy” rating on shares of Carnival in a research note on Tuesday, November 25th. JPMorgan Chase & Co. raised their target price on shares of Carnival from $34.00 to $39.00 and gave the stock an “overweight” rating in a research report on Monday, September 15th. Barclays boosted their price target on Carnival from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, September 17th. Melius Research increased their price objective on Carnival from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Finally, Argus decreased their target price on Carnival from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.58.

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.