AdvisorShares Investments LLC Sells 1,680 Shares of Carnival Corporation $CCL

AdvisorShares Investments LLC reduced its position in shares of Carnival Corporation (NYSE:CCL) by 27.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,420 shares of the company’s stock after selling 1,680 shares during the quarter. AdvisorShares Investments LLC’s holdings in Carnival were worth $124,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Strs Ohio grew its stake in shares of Carnival by 38.5% during the 2nd quarter. Strs Ohio now owns 73,253 shares of the company’s stock valued at $2,060,000 after purchasing an additional 20,358 shares during the period. Amalgamated Bank grew its stake in shares of Carnival by 4.7% during the 2nd quarter. Amalgamated Bank now owns 211,529 shares of the company’s stock valued at $5,948,000 after purchasing an additional 9,568 shares during the period. Atria Investments Inc raised its holdings in Carnival by 6.9% in the 2nd quarter. Atria Investments Inc now owns 24,327 shares of the company’s stock worth $684,000 after purchasing an additional 1,564 shares during the period. Assetmark Inc. raised its holdings in Carnival by 169.6% in the 2nd quarter. Assetmark Inc. now owns 6,815 shares of the company’s stock worth $192,000 after purchasing an additional 4,287 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in Carnival by 61.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,638 shares of the company’s stock worth $73,000 after purchasing an additional 1,006 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was 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 of the company’s stock, valued at approximately $1,916,078.50. The trade was a 16.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.60% of the company’s stock.

Carnival Stock Up 1.5%

NYSE CCL opened at $28.30 on Friday. The stock’s 50 day moving average is $30.13 and its 200 day moving average is $26.78. 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 Corporation has a 12 month low of $15.07 and a 12 month high of $32.80. The stock has a market cap of $33.04 billion, a PE ratio of 14.74, a P/E/G ratio of 0.57 and a beta of 2.68.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Monday, September 29th. The company reported $1.43 EPS for the quarter, topping 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 company had revenue of $8.15 billion for the quarter, compared to analysts’ expectations of $8.09 billion. During the same period in the previous year, the firm earned $1.27 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. Research analysts predict that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CCL has been the topic of a number of recent research reports. TD Cowen initiated coverage on Carnival in a report on Tuesday, July 22nd. They issued a “buy” rating and a $36.00 target price on the stock. Stifel Nicolaus raised their target price on Carnival from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Argus decreased 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 raised their target price on Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, September 25th. Finally, Truist Financial raised their target price on Carnival from $27.00 to $31.00 and gave the stock a “hold” rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

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.