Trexquant Investment 13F: Adds $19M to Carnival (CCL) Stake

Trexquant Grows Carnival Stake

Trexquant Investment raised its holdings in Carnival Corporation Ltd. NYSE: CCL during the period, according to a Form 13F filing with the U.S. Securities and Exchange Commission. The fund picked up 668,317 shares, driving its total stake up by 133.1% to reach 1,170,594 shares. That bigger block of cruise line stock was valued at roughly $33.4 million at the time.

Position Details and Share Count

The fund started the period with 502,277 shares of Carnival Corporation Ltd. before making its move. By adding 668,317 shares, the investment firm more than doubled its exposure to the travel company. Because 13f filings look backward at prior quarters, this update shows holdings as of May 15, 2026, and may not reflect what the fund holds right now.

Carnival Stock Valuation and Performance

Carnival Corporation Ltd. shares trade around $28.57, sitting inside a 52-week range that spans from a low of $21.81 up to a high of $34.03. The company carries a trailing price-to-earnings ratio of 10.05. It also trades with a forward P/E of 8.57, giving investors a look at expected earnings relative to its current share price.

Analysts Set New Price Targets

Wall Street firms continue to track the cruise operator closely with numerous active ratings. On October 13, 2026, Tigress Financial maintained a Buy rating with a $42.00 target. Freedom Broker kept a Buy rating on October 1, 2026, adjusting its target to $36.00. On that same day, Argus Research kept a Buy rating with a $30.00 target, while Wells Fargo maintained an Overweight rating with a $34.00 target. Morgan Stanley held an Overweight rating on September 30, 2026, with a $32.50 target. Susquehanna maintained a Positive rating on September 30, 2026, setting its target at $29.00. Mizuho kept an Outperform rating on September 30, 2026, with a $38.00 target, and BNP Paribas maintained an Outperform rating that day with a $31.00 target. Overall, the stock holds a consensus buy recommendation from 26 analysts with a mean target price of $34.64.

Cruise Operations and Fleet Details

Carnival Corporation Ltd. runs leisure travel services across the globe, operating popular cruise lines like Carnival Cruise Line, Princess Cruises, and Holland America Line. The Miami-based company manages voyages, tour destinations, hotels, and rail transport to serve vacationers worldwide. Its extensive fleet reaches ports across multiple continents.

Dividend and Upcoming Filings

Income-focused investors collect a dividend rate of $0.45 per share, translating to a dividend yield of 2.06% with a payout ratio of 13.51%. Observers will need to review future SEC filings to see if the fund continues adding to its travel sector exposure. The next earnings report is expected around September 29, 2026.