Carnival Corporation (NYSE:CUK) Director Sells $371,875.00 in Stock

Key Points

• Selling Activity: Carnival Corporation Director Sir Jonathon Band sold 12,500 shares of stock for $371,875, reducing his holdings by 16.25% to 64,406 shares.
• Stock Performance: Carnival's shares traded up 0.6% to $26.93, with a market cap of $5.07 billion and a 52-week range between $12.84 and $28.29.
• Quarterly Earnings: The company reported earnings of $0.35 EPS for the last quarter, surpassing estimates, with revenues of $6.33 billion, exceeding expectations of $6.21 billion.

Carnival Corporation (NYSE:CUK - Get Free Report) Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the transaction, the director owned 64,406 shares in the company, valued at approximately $1,916,078.50. This represents a 16.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Carnival Trading Up 0.6%

Shares of CUK traded up $0.16 during mid-day trading on Wednesday, reaching $26.93. The stock had a trading volume of 525,961 shares, compared to its average volume of 1,992,593. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. The business's fifty day moving average is $24.52 and its 200 day moving average is $21.43. Carnival Corporation has a 52-week low of $12.84 and a 52-week high of $28.29. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 14.55 and a beta of 2.79.

Carnival (NYSE:CUK - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. The firm had revenue of $6.33 billion for the quarter, compared to analysts' expectations of $6.21 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%. On average, sell-side analysts predict that Carnival Corporation will post 1.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC acquired a new position in shares of Carnival in the second quarter valued at approximately $44,000. Parallel Advisors LLC boosted its position in Carnival by 51.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,819 shares of the company's stock valued at $46,000 after buying an additional 615 shares during the period. IFP Advisors Inc acquired a new position in shares of Carnival in the second quarter worth $77,000. GAMMA Investing LLC increased its position in shares of Carnival by 38.6% during the second quarter. GAMMA Investing LLC now owns 3,862 shares of the company's stock worth $99,000 after acquiring an additional 1,075 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Carnival by 106.2% during the fourth quarter. Legal & General Group Plc now owns 6,917 shares of the company's stock worth $156,000 after acquiring an additional 3,562 shares during the period. Hedge funds and other institutional investors own 23.80% of the company's stock.

Carnival Company Profile

Carnival Plc operates as a global cruise and vacation company. The firm offers holiday and vacation products to a customer base that is broadly varied in terms of cultures, languages and leisure-time preferences. It operates through the North America and Australia (NAA), Europe and Asia (EA), Cruise Support, and Tour and Other segments.

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