5 Best Cruise Stocks To Buy Now

In this article, we discuss 5 best cruise stocks to buy now. If you want to read our discussion on the cruise and recreational industry, head directly to 11 Best Cruise Stocks To Buy Now. 

5. Carnival Corporation & plc (NYSE:CCL)

Number of Hedge Fund Holders: 41

Carnival Corporation & plc (NYSE:CCL) is one of the best cruise stocks to buy. Carnival Corporation & plc (NYSE:CCL) provides leisure travel services globally, with operations in North America, Australia, Europe, and Asia. The company operates through four segments – NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. 

On February 13, Carnival Corporation & plc (NYSE:CCL) ordered its first new ship in 5 years, the 10th in the Excel-class series, to be built by German shipbuilder Meyer Werft. The 180,000-ton ship, accommodating 6,400 passengers, will run on liquefied natural gas. Carnival plans to continue its measured capacity growth strategy with one to two ships per year from 2027 onwards, addressing the needs of specific cruise lines. The Excel-class ship is set to commence service in 2027.

According to Insider Monkey’s fourth quarter database, 41 hedge funds were long Carnival Corporation & plc (NYSE:CCL), up from 33 funds in the last quarter. John Overdeck and David Siegel’s Two Sigma Advisors is the biggest stakeholder of the company, with 16.10 million shares worth $298.5 million. 

Aristotle Global Equity Strategy made the following comment about Carnival Corporation & plc (NYSE:CCL) in its Q4 2022 investor letter:

“We first purchased shares of Carnival Corporation & plc (NYSE:CCL), the world’s largest cruise line, during the second quarter of 2019. At the time, we believed the company was improving in quality, as the industry (and shipyards) had consolidated to a point where returns on capital could increase systematically over time. In addition, cruising is underpenetrated when compared to land-based alternatives. Despite the difficulties faced by the cruise industry during the pandemic, in our opinion, consumer appetite for cruising remains high, with cumulative advanced bookings at the upper end of historical ranges. As discussed below, we believe Carnival’s peer Norwegian Cruise Line is more optimally positioned for the coming years.”