Poinciana Advisors Group LLC Takes Position in Carnival Corporation $CCL

Poinciana Advisors Group LLC bought a new stake in shares of Carnival Corporation (NYSE:CCL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,813 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds have also recently made changes to their positions in the company. Causeway Capital Management LLC purchased a new stake in Carnival in the first quarter worth $518,816,000. Nuveen LLC purchased a new stake in Carnival in the first quarter worth $432,718,000. 59 North Capital Management LP purchased a new stake in Carnival in the first quarter worth $69,303,000. AGF Management Ltd. grew its stake in Carnival by 14,603.8% in the first quarter. AGF Management Ltd. now owns 2,871,219 shares of the company’s stock worth $56,075,000 after purchasing an additional 2,851,692 shares during the period. Finally, Invesco Ltd. grew its stake in Carnival by 24.7% in the first quarter. Invesco Ltd. now owns 12,965,228 shares of the company’s stock worth $253,211,000 after purchasing an additional 2,566,148 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction dated 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 owned 64,406 shares of the company’s stock, valued at approximately $1,916,078.50. This represents a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.60% of the company’s stock.

Carnival Trading Down 3.9%

Shares of NYSE:CCL opened at $29.44 on Tuesday. The company has a market cap of $34.37 billion, a P/E ratio of 15.91, a PEG ratio of 0.68 and a beta of 2.70. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. Carnival Corporation has a 1 year low of $15.07 and a 1 year high of $32.80. The stock’s fifty day moving average price is $30.53 and its 200-day moving average price is $25.32.

Carnival (NYSE:CCL) last announced its quarterly earnings results on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11. The firm had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.09 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company 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. Sell-side analysts expect that Carnival Corporation will post 1.77 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CCL shares. Stifel Nicolaus upped their price target on Carnival from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Barclays increased their target price on Carnival from $33.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 17th. Loop Capital reissued a “hold” rating and issued a $22.00 target price on shares of Carnival in a research note on Monday, June 23rd. Mizuho increased their target price on Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Citigroup increased their target price on Carnival from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Fifteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Carnival has a consensus rating of “Moderate Buy” and an average price target of $31.95.

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.