Connor Clark & Lunn Investment Management Ltd. Acquires New Holdings in Carnival Corporation $CCL

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Carnival Corporation (NYSE:CCL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 20,629 shares of the company’s stock, valued at approximately $580,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCL. N.E.W. Advisory Services LLC bought a new stake in shares of Carnival in the first quarter worth $25,000. Oliver Lagore Vanvalin Investment Group acquired a new position in Carnival during the 2nd quarter worth about $28,000. Banque Transatlantique SA bought a new stake in shares of Carnival in the 1st quarter valued at about $33,000. Zions Bancorporation National Association UT acquired a new stake in shares of Carnival in the first quarter valued at about $35,000. Finally, Wealthquest Corp acquired a new stake in Carnival during the 1st quarter valued at approximately $36,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Price Performance

CCL stock opened at $26.08 on Thursday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34. The business has a 50-day simple moving average of $28.74 and a two-hundred day simple moving average of $27.66. The company has a market capitalization of $30.45 billion, a P/E ratio of 13.58, a price-to-earnings-growth 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.

Carnival (NYSE:CCL) last posted its 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. 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 analyst estimates of $8.09 billion. During the same quarter last year, the company earned $1.27 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. Research analysts expect that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Analyst Ratings Changes

CCL has been the subject of a number of recent analyst reports. Mizuho increased their price target on Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, September 25th. Citigroup increased their price target on Carnival from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Melius Research raised their price objective on shares of Carnival from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Stifel Nicolaus boosted their target price on shares of Carnival from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Finally, Tigress Financial increased their target price on shares of Carnival from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Carnival presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.

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.