12 Best Cruise Stocks to Buy According to Hedge Funds

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5. Carnival Corporation & plc (NYSE:CCL)

Number of Hedge Fund Holders: 56

Carnival Corporation & plc (NYSE:CCL) is a global cruise and leisure travel company with a portfolio of cruise lines, including AIDA Cruises, Carnival Cruise Line, Princess Cruises, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), and more. Its segments are divided into NAA cruise operations, Europe cruise operations, Cruise Support, and Tour and Other.

The company recently announced an order for two additional new ships for AIDA Cruises, one of Germany’s most popular cruise lines. These multi-fuel-capable ships will be delivered in the first quarter of fiscal years 2030 and 2032, expanding its operations. Carnival Corporation & plc (NYSE:CCL) also has positive operations. In fiscal Q1 2025, it hit high-water marks for revenue, EBITDA, EBITDA per ALBD, operating income, and customer deposits. The company reported over $170 million in net income, surpassing guidance supported by strong demand throughout its portfolio. It also attained a robust 7.3% yield increase, exceeding its yield guidance on top of last year’s 17% yield improvement.

In addition, Carnival Corporation & plc’s (NYSE:CCL) EBITDA reached $1.2 billion for the quarter, approaching a 40% year-over-year increase. Both operating margins and EBITDA margins improved over 400 basis points year over year, surpassing 2019 levels. In a report released on March 31, David Katz from Jefferies reiterated a Buy rating on Carnival Corporation & plc (NYSE:CCL) with a price target of $31.00. The company ranks fifth on our list of the best cruise stocks to buy according to hedge funds.

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