Y Intercept Hong Kong Ltd Purchases 290,136 Shares of Carnival Corporation $CCL

Y Intercept Hong Kong Ltd boosted its position in Carnival Corporation (NYSE:CCL) by 1,022.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 318,525 shares of the company’s stock after buying an additional 290,136 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Carnival were worth $8,243,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCL. Leonteq Securities AG bought a new stake in Carnival during the 1st quarter worth about $250,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Carnival by 109.0% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 307,700 shares of the company’s stock worth $7,963,000 after buying an additional 160,500 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in shares of Carnival during the first quarter worth approximately $350,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Carnival in the first quarter valued at approximately $853,000. Finally, Strs Ohio lifted its holdings in Carnival by 5.9% in the first quarter. Strs Ohio now owns 27,406 shares of the company’s stock valued at $709,000 after buying an additional 1,515 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Price Performance

CCL opened at $27.95 on Friday. The stock has a market cap of $38.29 billion, a P/E ratio of 12.59, a P/E/G ratio of 1.23 and a beta of 2.32. Carnival Corporation has a 12 month low of $23.45 and a 12 month high of $34.03. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.80. The company has a fifty day simple moving average of $27.41 and a 200 day simple moving average of $28.47.

Carnival (NYSE:CCL) last posted its earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The firm had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.69 billion. During the same period in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. On average, research analysts expect that Carnival Corporation will post 2.22 EPS for the current year.

Carnival Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, May 18th. Carnival’s payout ratio is 27.03%.

Insider Activity

In related news, insider Bettina Alejandra Deynes sold 43,058 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $28.10, for a total value of $1,209,929.80. Following the completion of the transaction, the insider directly owned 69,238 shares in the company, valued at approximately $1,945,587.80. The trade was a 38.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 7.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on CCL shares. Sanford C. Bernstein cut shares of Carnival from a “market perform” rating to a “market perform” rating in a research report on Tuesday, June 23rd. Weiss Ratings lowered Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Zacks Research upgraded Carnival from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Argus set a $35.00 target price on Carnival in a research report on Friday, June 26th. Finally, Susquehanna upped their price target on Carnival from $30.00 to $33.00 and gave the company a “positive” rating in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.23.

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.