Hound Partners LLC Has $98.08 Million Stock Position in Carnival Corporation $CCL

Hound Partners LLC reduced its holdings in shares of Carnival Corporation (NYSE:CCL) by 7.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,487,983 shares of the company’s stock after selling 299,954 shares during the quarter. Carnival comprises 13.3% of Hound Partners LLC’s investment portfolio, making the stock its biggest position. Hound Partners LLC owned about 0.30% of Carnival worth $98,082,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CCL. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Carnival in the second quarter worth $28,000. Whipplewood Advisors LLC grew its holdings in Carnival by 301.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 1,560 shares of the company’s stock valued at $44,000 after buying an additional 1,171 shares in the last quarter. Banque Transatlantique SA purchased a new position in Carnival during the first quarter worth about $33,000. Elevation Point Wealth Partners LLC bought a new position in Carnival in the 2nd quarter worth about $60,000. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of Carnival by 870.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 2,174 shares of the company’s stock valued at $61,000 after acquiring an additional 1,950 shares in the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Stock Performance

Shares of Carnival stock opened at $27.63 on Friday. The business has a fifty day simple moving average of $27.23 and a two-hundred day simple moving average of $28.11. The firm has a market capitalization of $32.25 billion, a P/E ratio of 14.39, a P/E/G ratio of 0.52 and a beta of 2.53. 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 Corporation has a 12 month low of $15.07 and a 12 month high of $32.80.

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 the consensus estimate 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 the consensus estimate of $8.09 billion. During the same quarter in the prior year, the business posted $1.27 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS and its FY 2025 guidance at 2.140-2.140 EPS. On average, equities analysts forecast that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCL has been the topic of several research analyst reports. Morgan Stanley upped their price objective on shares of Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. Stifel Nicolaus upped their target price on shares of Carnival from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Barclays increased their price objective on Carnival from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, September 17th. Wells Fargo & Company lifted their target price on shares of Carnival from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Melius Research upped their price target on shares of Carnival from $30.00 to $36.00 and gave the company a “buy” rating in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Carnival has a consensus rating of “Moderate Buy” and a consensus target price of $33.58.

Carnival Company 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.