Kornitzer Capital Management Inc. KS Trims Stock Holdings in Carnival Corporation $CCL

Kornitzer Capital Management Inc. KS lowered its position in Carnival Corporation (NYSE:CCL) by 78.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 57,000 shares of the company’s stock after selling 203,300 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Carnival were worth $1,741,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Carnival by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,167 shares of the company’s stock valued at $2,191,000 after purchasing an additional 5,435 shares during the last quarter. Great Lakes Advisors LLC purchased a new stake in Carnival in the 1st quarter valued at $228,000. Empowered Funds LLC raised its position in Carnival by 61.6% in the 1st quarter. Empowered Funds LLC now owns 30,437 shares of the company’s stock valued at $594,000 after purchasing an additional 11,601 shares during the last quarter. Woodline Partners LP raised its position in Carnival by 41.9% in the 1st quarter. Woodline Partners LP now owns 88,522 shares of the company’s stock valued at $1,729,000 after purchasing an additional 26,141 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in Carnival by 57.0% in the 2nd quarter. Baird Financial Group Inc. now owns 64,720 shares of the company’s stock valued at $1,820,000 after purchasing an additional 23,484 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carnival

In related news, Director Sir Jonathon Band sold 11,988 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $26.19, for a total transaction of $313,965.72. Following the completion of the sale, the director directly owned 52,601 shares of the company’s stock, valued at $1,377,620.19. This trade represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.90% of the stock is currently owned by corporate insiders.

Carnival Price Performance

Shares of NYSE CCL opened at $26.67 on Monday. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.30 and a quick ratio of 0.26. The stock has a fifty day moving average price of $27.02 and a 200 day moving average price of $28.32. Carnival Corporation has a 1-year low of $19.02 and a 1-year high of $34.03. The company has a market cap of $33.04 billion, a PE ratio of 11.85, a P/E/G ratio of 1.17 and a beta of 2.33.

Carnival (NYSE:CCL) last issued its quarterly earnings results on Friday, March 27th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. Carnival had a return on equity of 26.92% and a net margin of 11.48%.The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same period last year, the company earned $0.13 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Sell-side analysts forecast that Carnival Corporation will post 2.23 EPS for the current year.

More Carnival News

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: UK court sanctioned Carnival’s DLC Unification and redomiciliation, clearing a major legal step to combine Carnival Corporation and Carnival plc and redomicile from Panama to Bermuda — this reduces structural complexity and may improve corporate governance, investor access and valuation multiple. Court Sanction of Scheme of Arrangement
• Positive Sentiment: An analyst note set a $33.99 target for CCL, signaling upside from current levels and potentially supporting buying interest if other catalysts align. Analysts Set Carnival Corporation (NYSE:CCL) Target Price at $33.99
• Positive Sentiment: Holland America Line (a Carnival brand) disclosed extended 2028 Grand Voyage itineraries (long, premium cruises) — a product upgrade that supports higher‑yield inventory and brand strength over time. Holland America Line Charts Six Continents and Rare and Renowned Ports in 2028 Grand Voyages
• Neutral Sentiment: Coverage pieces note Wall Street optimism toward Carnival; these editorial/analyst summaries can move sentiment but often lack immediate operational impact. Wall Street Bulls Look Optimistic About Carnival (CCL): Should You Buy?
• Neutral Sentiment: Market writeups explaining why CCL is trading up summarize recent catalysts (court sanction, analyst notes); they reinforce momentum but don’t add new fundamentals. Why Carnival (CCL) stock is trading up today
• Negative Sentiment: Analysts and comparisons to peers (e.g., Booking Holdings) highlight persistent risks for Carnival — fuel cost volatility, macro/currency exposure and discretionary‑spending sensitivity — which could pressure margins and multiples. Carnival vs. Booking: Which Travel Stock Holds the Stronger Position?
• Negative Sentiment: Recent intraday/near‑term pullbacks have occurred (reports of a recent dip), underscoring short‑term volatility and sensitivity to broader market moves. Carnival (CCL) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley upgraded shares of Carnival from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $33.00 to $31.00 in a research report on Thursday, March 19th. Zacks Research downgraded shares of Carnival from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 16th. The Goldman Sachs Group reduced their price target on shares of Carnival from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. Truist Financial reduced their price target on shares of Carnival from $34.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, March 24th. Finally, Wall Street Zen downgraded Carnival from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Twenty-one investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $33.99.

Carnival Company Profile

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.