Alberta Investment Management Corp Makes New Investment in Carnival Corporation (NYSE:CUK)

Key Points

• Alberta Investment Management Corp has made a new investment of $3.46 million in Carnival Corporation, acquiring 197,313 shares, which represents 0.11% ownership as of the latest SEC filing.
• Carnival Corporation reported quarterly earnings of $0.35 per share, exceeding expectations and generating revenue of $6.33 billion, which also surpassed analyst predictions.
• The stock has experienced significant fluctuations, with a twelve-month range of $12.65 to $28.29, and boasts a market capitalization of $5.00 billion.

Alberta Investment Management Corp bought a new position in shares of Carnival Corporation (NYSE:CUK - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 197,313 shares of the company's stock, valued at approximately $3,459,000. Alberta Investment Management Corp owned about 0.11% of Carnival as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Legal & General Group Plc increased its holdings in Carnival by 106.2% in the fourth quarter. Legal & General Group Plc now owns 6,917 shares of the company's stock valued at $156,000 after purchasing an additional 3,562 shares during the last quarter. First Trust Advisors LP acquired a new position in Carnival in the fourth quarter valued at about $202,000. Ameriprise Financial Inc. acquired a new position in Carnival in the fourth quarter valued at about $206,000. Squarepoint Ops LLC acquired a new position in Carnival in the fourth quarter valued at about $217,000. Finally, Mariner LLC acquired a new position in Carnival in the fourth quarter valued at about $241,000. Institutional investors own 23.80% of the company's stock.

Carnival Trading Down 2.4%

NYSE:CUK traded down $0.65 on Friday, reaching $26.55. The company's stock had a trading volume of 2,456,830 shares, compared to its average volume of 2,138,732. Carnival Corporation has a 1-year low of $12.65 and a 1-year high of $28.29. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34. The firm has a market cap of $5.00 billion, a PE ratio of 14.35 and a beta of 2.79. The business's 50-day moving average price is $24.27 and its two-hundred day moving average price is $21.37.

Carnival (NYSE:CUK - Get Free Report) last posted its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. The company had revenue of $6.33 billion during 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%. Equities research analysts anticipate that Carnival Corporation will post 1.7 earnings per share for the current fiscal year.

Carnival 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.