Panagora Asset Management Inc. Cuts Stock Holdings in Carnival Corporation $CCL

Panagora Asset Management Inc. lessened its position in Carnival Corporation (NYSE:CCL) by 96.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,654 shares of the company’s stock after selling 1,278,461 shares during the quarter. Panagora Asset Management Inc.’s holdings in Carnival were worth $1,143,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CCL. Oliver Lagore Vanvalin Investment Group acquired a new position in Carnival in the 2nd quarter valued at $28,000. Banque Transatlantique SA purchased a new stake in shares of Carnival during the first quarter worth $33,000. Zions Bancorporation National Association UT acquired a new stake in shares of Carnival in the first quarter valued at about $35,000. Whipplewood Advisors LLC lifted its stake in shares of Carnival by 301.0% in the second quarter. Whipplewood Advisors LLC now owns 1,560 shares of the company’s stock worth $44,000 after buying an additional 1,171 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Carnival during the first quarter worth about $49,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCL has been the subject of a number of recent research reports. Citigroup increased their price objective on shares of Carnival from $37.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Susquehanna increased their price target on Carnival from $30.00 to $35.00 and gave the company a “positive” rating in a report on Tuesday, September 30th. Zacks Research upgraded Carnival from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Wells Fargo & Company dropped their target price on Carnival from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, December 1st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Carnival in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Carnival presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.55.

Carnival Price Performance

CCL stock opened at $25.84 on Friday. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $32.80. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10. The stock has a market cap of $30.17 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 0.48 and a beta of 2.53. The business has a fifty day moving average of $27.45 and a two-hundred day moving average of $27.96.

Carnival (NYSE:CCL) last released 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 analysts’ expectations of $8.09 billion. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.27 EPS. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS and its FY 2025 guidance at 2.140-2.140 EPS. As a group, research analysts anticipate that Carnival Corporation will post 1.77 earnings per share for the current year.

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.