Los Angeles Capital Management LLC Buys 695,421 Shares of Carnival Corporation $CCL

Los Angeles Capital Management LLC raised its position in shares of Carnival Corporation (NYSE:CCL) by 39.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,453,417 shares of the company’s stock after acquiring an additional 695,421 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.21% of Carnival worth $68,990,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new position in Carnival in the 1st quarter worth approximately $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Carnival in the 1st quarter worth $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Carnival in the second quarter worth $28,000. Banque Transatlantique SA bought a new stake in shares of Carnival in the first quarter worth approximately $33,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Carnival during the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Trading Up 1.4%

Carnival stock opened at $26.74 on Friday. Carnival Corporation has a 12-month low of $15.07 and a 12-month high of $32.80. The firm has a market capitalization of $31.21 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 0.57 and a beta of 2.67. The firm has a 50 day moving average of $29.58 and a 200 day moving average of $27.17. 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 posted its quarterly earnings results on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.11. The business had revenue of $8.15 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 earnings per share. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. As a group, research analysts predict that Carnival Corporation will post 1.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Mizuho lifted their target price on shares of Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. JPMorgan Chase & Co. upped their price objective on Carnival from $34.00 to $39.00 and gave the company an “overweight” rating in a research report on Monday, September 15th. Barclays increased their target price on Carnival from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, September 17th. Citigroup boosted their price target on Carnival from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Finally, Susquehanna increased their price objective on shares of Carnival from $30.00 to $35.00 and gave the stock a “positive” rating in a research note on Tuesday, September 30th. One 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

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.