Voloridge Investment Management 13F: Cuts CCL Stake by $10M
Voloridge trims its Carnival Corp. position by 13.4%, holding 2.21 million shares.
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Voloridge Investment Management sold 340,067 shares from its stake in Carnival Corporation Ltd. ($CCL), a 13.36% decrease, according to a 13F filing with the SEC dated May 15, 2026. It reported 2,205,208 shares worth $66.73 million at the end of the quarter.
Since the filing, $CCL is up 6.1% after 1 week, up 23.0% after 1 month and up 6.3% to date (from the $24.36 close on May 15, 2026).
Find the original: Voloridge Investment Management 13F filings on SEC EDGAR
CCL
Carnival Corporation Ltd.
Key Points
- Voloridge Investment Management cut its stake in Carnival Corporation by 340,067 shares, reducing its holdings to 2,205,208 shares worth about $68.3 million.
- Carnival Corporation trades at $30.99 with a market cap of $42.8 billion, a P/E ratio of 13.61, and a beta of 2.33.
- Insiders and analysts show varied activity with recent insider sales and multiple 'buy' ratings from firms like Citigroup and Stifel.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Carnival Corporation Ltd. alert may contain errors. Disclosures
Voloridge Investment Management has reduced its holdings in Carnival Corporation Ltd. (NYSE: CCL) according to its latest 13F filing with the SEC. The fund cut its position by 340,067 shares, a 13.4% decrease, leaving it with 2,205,208 shares valued at approximately $68.3 million as of the end of the reporting period.
What Changed in Voloridge's Carnival Corporation Position
Voloridge Investment Management trimmed its stake in Carnival Corporation from 2,545,275 shares to 2,205,208 shares, a reduction of 13.4%. This move decreased the fund's exposure to the cruise operator, with the remaining shares now valued at about $68.3 million.
Other Institutional Activity in Carnival Corporation
Several other institutional investors have been active in Carnival Corporation. BlackRock, Inc. increased its holdings by 6,275,763 shares, ending with 89,979,406 shares worth approximately $2.33 billion. Vanguard Capital Management LLC established a position with 73,474,107 shares valued at about $1.9 billion. Similarly, Vanguard Portfolio Management LLC now holds 54,775,945 shares valued at around $1.42 billion. State Street Corp added 2,164,352 shares, bringing its total to 50,238,525 shares worth $1.3 billion. Causeway Capital Management LLC also boosted its position by 3,151,811 shares, now owning 37,096,593 shares valued at $960 million.
Carnival Corporation Ltd. Stock Up 14.4%
Shares of Carnival Corporation (NYSE: CCL) are trading near $30.99. The company boasts a market cap of $42.8 billion, with a P/E ratio of 13.61 and a forward P/E of 11.84. The stock's beta is 2.33, indicating higher volatility compared to the market. Carnival's 52-week trading range is between $22.58 and $34.03, with a 50-day moving average of $27.03 and a 200-day moving average of $28.38.
Recent Earnings
Carnival Corporation reported revenue of $26.98 billion, with a growth rate of 6.1%. The company's net margin stands at 11.48%, and its return on equity is 27.85%. The next earnings release is scheduled for June 23, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target cuts vs 1 raises.
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EPS & revenue
EPS beat estimates by 7.3%. Revenue missed estimates by 0.5%.
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Profit surprise
EBITDA met by 1 percent. Operating income beat by 3 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 upgrade, 1 target raise, 5 target cuts.
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Earnings quality
Gross margin up 0.9 points. Positive free cash flow.
Earnings Call Summary
Carnival posted strong first quarter results with record revenue, yields, and customer deposits near $8 billion. Net income jumped 55 percent year over year to $275 million. Demand remained robust with close-in bookings up 10 percent year over year and nearly 85 percent of 2026 sailings already booked at high prices. Management credited strong execution and higher onboard spending. However, geopolitical tensions and fuel price spikes created a $500 million headwind to full year guidance, which management offset with operational improvements of $150 million.
Guidance Carnival raised 2026 earnings guidance to $2.21 per share, up from prior December view, despite a $500 million fuel headwind. Management expects modest 2.75 percent yield growth and 3.1 percent cruise cost growth for the full year. They introduced PROPEL targets for 2029: greater than 16 percent return on invested capital, more than 50 percent earnings per share growth from 2025, and over 40 percent of operating cash returned to shareholders, roughly $14 billion.
Clearly negative report. The company missed important expectations and likely triggers downward revisions.
Dividend
Carnival Corporation offers an annual dividend rate of $0.30, yielding 0.97%. The dividend payout ratio is 6.61%.
Insider Buying and Selling at Carnival Corporation Ltd.
Recent insider activity at Carnival Corporation includes several sales. On May 28, 2026, Chief Human Resources Officer Bettina Alejandra Deynes sold 43,058 shares at an average price of $28.10. Earlier, on May 11, 2026, multiple insiders, including Katie Lahey and Nelda Connors, sold 616 shares each at $26.38.
Analysts Set New Price Targets
On June 16, 2026, Citigroup maintained a 'buy' rating for Carnival Corporation, with a price target of $37. Stifel reiterated its 'buy' rating on June 12, 2026, setting a target of $36. Freedom Broker and Loop Capital both initiated coverage with 'buy' ratings and targets of $35 and $36, respectively. The consensus among 24 analysts is a 'buy', with a mean target price of $34.63.
About Carnival Corporation
Carnival Corporation Ltd. is a major player in the leisure travel industry, primarily operating cruise services. Headquartered in Miami, Florida, the company runs a variety of brands, including Carnival Cruise Line and Princess Cruises, and serves markets in North America, Europe, and beyond. With a workforce of 160,000, it offers diverse vacation experiences and manages several port destinations and related facilities.
Bottom Line
Voloridge Investment Management's decision to reduce its stake in Carnival Corporation highlights the dynamic nature of institutional investment strategies. As a major player in the cruise industry, Carnival continues to attract attention from investors and analysts alike. Remember, 13F filings reflect past holdings and may not indicate current positions.
Related Filing Alerts
Source: Voloridge Investment Management's 13F filing on $CCL (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Voloridge Investment Management 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts