Holocene Advisors LP Acquires 6,669,935 Shares of Carnival Corporation $CCL

Holocene Advisors LP increased its holdings in shares of Carnival Corporation (NYSE:CCL) by 184.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,289,947 shares of the company’s stock after acquiring an additional 6,669,935 shares during the period. Holocene Advisors LP’s holdings in Carnival were worth $289,353,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Oliver Lagore Vanvalin Investment Group purchased a new stake in Carnival during the 2nd quarter valued at approximately $28,000. Whipplewood Advisors LLC grew its stake in Carnival by 301.0% during the second quarter. Whipplewood Advisors LLC now owns 1,560 shares of the company’s stock valued at $44,000 after acquiring an additional 1,171 shares in the last quarter. Banque Transatlantique SA purchased a new position in Carnival during the first quarter valued at $33,000. Elevation Point Wealth Partners LLC bought a new stake in Carnival in the 2nd quarter valued at $60,000. Finally, Bruce G. Allen Investments LLC increased its holdings in Carnival by 870.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 2,174 shares of the company’s stock valued at $61,000 after acquiring an additional 1,950 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on CCL. JPMorgan Chase & Co. increased their price objective on shares of Carnival from $34.00 to $39.00 and gave the company an “overweight” rating in a report on Monday, September 15th. Citigroup dropped their price target on Carnival from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Friday. Stifel Nicolaus lifted their price objective on Carnival from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Zacks Research upgraded Carnival from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Carnival from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.58.

Carnival Stock Down 0.8%

NYSE CCL opened at $27.63 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10. Carnival Corporation has a 52 week low of $15.07 and a 52 week high of $32.80. The firm has a market capitalization of $32.25 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 0.52 and a beta of 2.53. The company has a fifty day moving average of $27.23 and a two-hundred day moving average of $28.11.

Carnival (NYSE:CCL) last released its earnings results on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.11. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The firm had revenue of $8.15 billion during the quarter, compared to analyst estimates of $8.09 billion. During the same quarter last year, the business earned $1.27 EPS. The business’s revenue was up 3.3% on a year-over-year basis. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS and its FY 2025 guidance at 2.140-2.140 EPS. On average, analysts predict that Carnival Corporation will post 1.77 earnings per share 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.