Maverick Capital Ltd. Decreases Position in Carnival Corporation $CCL

Maverick Capital Ltd. cut its stake in Carnival Corporation (NYSE:CCL) by 15.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,652,807 shares of the company’s stock after selling 846,975 shares during the quarter. Carnival makes up approximately 1.6% of Maverick Capital Ltd.’s portfolio, making the stock its 21st largest holding. Maverick Capital Ltd. owned approximately 0.40% of Carnival worth $90,869,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CCL. Causeway Capital Management LLC acquired a new stake in Carnival in the 1st quarter valued at about $518,816,000. Nuveen LLC acquired a new stake in Carnival in the 1st quarter valued at about $432,718,000. Nuveen Asset Management LLC raised its holdings in Carnival by 33.7% in the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company’s stock valued at $569,423,000 after acquiring an additional 5,761,489 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Carnival during the 4th quarter worth approximately $100,845,000. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Carnival by 9,220.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 3,297,434 shares of the company’s stock worth $82,172,000 after buying an additional 3,262,055 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Price Performance

Shares of CCL opened at $31.90 on Monday. Carnival Corporation has a 1-year low of $15.07 and a 1-year high of $32.77. The stock has a market cap of $37.24 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 0.71 and a beta of 2.70. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. The firm has a fifty day moving average price of $29.37 and a 200 day moving average price of $24.08.

Carnival (NYSE:CCL) last posted its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. The company had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. Carnival’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 earnings per share. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. As a group, sell-side analysts anticipate that Carnival Corporation will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CCL. Mizuho lifted their target price on shares of Carnival from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, June 25th. Morgan Stanley lifted their price objective on shares of Carnival from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 26th. Hsbc Global Res raised shares of Carnival from a “moderate sell” rating to a “hold” rating in a research report on Friday, May 16th. Loop Capital reaffirmed a “hold” rating and set a $22.00 price objective on shares of Carnival in a research report on Monday, June 23rd. Finally, Susquehanna lifted their price objective on shares of Carnival from $27.00 to $30.00 and gave the stock a “positive” rating in a research report on Wednesday, June 25th. Thirteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.71.

Insider Buying and Selling

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the transaction, the director directly owned 64,406 shares in the company, valued at approximately $1,916,078.50. The trade was a 16.25% decrease in their ownership of the stock. The transaction 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 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.