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

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. American Century Companies Inc. lifted its holdings in shares of Carnival by 11.1% during the 4th quarter. American Century Companies Inc. now owns 93,438 shares of the company's stock valued at $2,103,000 after buying an additional 9,353 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Carnival by 12,000.0% during the fourth quarter. JPMorgan Chase & Co. now owns 15,730 shares of the company's stock valued at $354,000 after purchasing an additional 15,600 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Carnival during the fourth quarter valued at approximately $2,033,000. Aristides Capital LLC increased its position in shares of Carnival by 12.1% during the fourth quarter. Aristides Capital LLC now owns 52,913 shares of the company's stock valued at $1,191,000 after purchasing an additional 5,710 shares during the period. Finally, Bank of Montreal Can acquired a new position in Carnival in the fourth quarter worth $1,025,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Insiders Place Their Bets

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the completion of the sale, the director directly owned 64,406 shares in the company, valued at $1,916,078.50. This represents a 16.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.08% of the company's stock.

Carnival Trading Down 0.4%

Shares of CUK traded down $0.11 during trading hours on Wednesday, hitting $26.67. 1,262,806 shares of the stock traded hands, compared to its average volume of 1,997,924. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. Carnival Corporation has a 1-year low of $12.84 and a 1-year high of $28.29. The firm has a market capitalization of $5.02 billion, a PE ratio of 14.42 and a beta of 2.79. The business has a fifty day moving average of $24.52 and a 200-day moving average of $21.43.

Carnival (NYSE:CUK - Get Free Report) last issued its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%. The business had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.21 billion. Analysts expect that Carnival Corporation will post 1.7 EPS for the current 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.