Boothbay Fund Management LLC Has $18.98 Million Stake in Carnival Corporation $CCL

Boothbay Fund Management LLC trimmed its position in shares of Carnival Corporation (NYSE:CCL) by 6.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 621,392 shares of the company’s stock after selling 45,263 shares during the period. Carnival accounts for approximately 0.3% of Boothbay Fund Management LLC’s portfolio, making the stock its 20th largest holding. Boothbay Fund Management LLC’s holdings in Carnival were worth $18,977,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. CVA Family Office LLC grew its stake in Carnival by 15.6% during the fourth quarter. CVA Family Office LLC now owns 2,597 shares of the company’s stock worth $79,000 after buying an additional 350 shares in the last quarter. Net Worth Advisory Group grew its stake in Carnival by 2.9% during the fourth quarter. Net Worth Advisory Group now owns 12,383 shares of the company’s stock worth $378,000 after buying an additional 354 shares in the last quarter. Triad Wealth Partners LLC grew its stake in Carnival by 2.1% during the fourth quarter. Triad Wealth Partners LLC now owns 17,464 shares of the company’s stock worth $533,000 after buying an additional 358 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in Carnival by 3.5% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 10,540 shares of the company’s stock worth $322,000 after buying an additional 358 shares in the last quarter. Finally, StoneX Group Inc. grew its stake in Carnival by 4.9% during the fourth quarter. StoneX Group Inc. now owns 7,935 shares of the company’s stock worth $242,000 after buying an additional 368 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CCL shares. Freedom Capital upgraded shares of Carnival to a “strong-buy” rating in a research note on Wednesday, June 3rd. Loop Capital started coverage on shares of Carnival in a report on Monday, June 1st. They issued a “buy” rating and a $36.00 price objective for the company. HSBC upgraded shares of Carnival from a “hold” rating to a “buy” rating and dropped their price objective for the company from $33.60 to $30.10 in a report on Monday, March 30th. Stifel Nicolaus raised their price objective on shares of Carnival from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday, June 12th. Finally, Weiss Ratings lowered shares of Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $34.94.

Insider Buying and Selling at Carnival

In other news, Director Sir Jonathon Band sold 11,988 shares of Carnival stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $26.19, for a total value of $313,965.72. Following the completion of the sale, the director owned 52,601 shares in the company, valued at $1,377,620.19. The trade was a 18.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bettina Alejandra Deynes sold 43,058 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $28.10, for a total transaction of $1,209,929.80. Following the sale, the insider owned 69,238 shares of the company’s stock, valued at $1,945,587.80. This trade represents a 38.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 55,058 shares of company stock valued at $1,524,195 in the last quarter. 7.90% of the stock is currently owned by company insiders.

Carnival Stock Down 3.2%

Shares of NYSE CCL opened at $29.90 on Thursday. The company has a market capitalization of $37.04 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 1.37 and a beta of 2.32. Carnival Corporation has a 52-week low of $22.58 and a 52-week high of $34.03. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.26 and a current ratio of 0.30. The company’s 50 day moving average price is $27.11 and its 200-day moving average price is $28.25.

Carnival (NYSE:CCL) last issued its quarterly earnings results on Friday, March 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 EPS. Equities analysts forecast that Carnival Corporation will post 2.22 earnings per share for the current year.

Carnival Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were paid a $0.15 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.60 annualized dividend and a dividend yield of 2.0%. Carnival’s payout ratio is currently 26.67%.

Carnival News Summary

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Analysts and market commentary continue to highlight Carnival as a potential earnings beat candidate for Q2, with expectations for stronger revenue and EPS ahead of the June 23 report. Article Title
• Positive Sentiment: Brokerage coverage remains supportive, with Carnival carrying a consensus “Moderate Buy” rating, reinforcing a bullish longer-term outlook. Article Title
• Positive Sentiment: Recent commentary says Carnival has outperformed the consumer cyclical sector over the past year, suggesting improving investor confidence in the cruise operator’s rebound story. Article Title
• Positive Sentiment: The easing of shipping-route disruption risk and the broader peace-deal headlines have been viewed as supportive for travel-related demand and lower operating friction for cruise lines. Article Title
• Neutral Sentiment: Several articles are focused on previewing Carnival’s upcoming quarterly results, including deeper looks at key operating metrics beyond revenue and EPS; these reports add attention, but do not by themselves change fundamentals. Article Title
• Negative Sentiment: Short-term pressure may also be coming from valuation-focused commentary noting the stock’s recent decline and comparing the share price with a lower GF Value estimate, which can encourage caution near earnings. Article Title

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.