Bank of America Corp DE trimmed its stake in shares of Carnival Co. & plc (NYSE:CUK - Free Report) by 25.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 957,242 shares of the company's stock after selling 325,650 shares during the period. Bank of America Corp DE owned about 0.51% of Carnival Co. & worth $21,548,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of CUK. Blue Trust Inc. raised its position in shares of Carnival Co. & by 18.7% during the 4th quarter. Blue Trust Inc. now owns 3,703 shares of the company's stock worth $83,000 after purchasing an additional 583 shares during the last quarter. ABC Arbitrage SA acquired a new position in shares of Carnival Co. & during the 4th quarter worth approximately $15,184,000. Truist Financial Corp acquired a new position in shares of Carnival Co. & during the 4th quarter worth approximately $208,000. QRG Capital Management Inc. raised its position in shares of Carnival Co. & by 21.1% during the 4th quarter. QRG Capital Management Inc. now owns 112,894 shares of the company's stock worth $2,541,000 after purchasing an additional 19,679 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Carnival Co. & during the 4th quarter worth approximately $158,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.
Carnival Co. & Price Performance
Shares of Carnival Co. & stock traded down $0.10 during trading on Friday, hitting $20.11. 1,119,191 shares of the company were exchanged, compared to its average volume of 1,845,335. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 14.47 and a beta of 2.59. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a fifty-two week low of $12.65 and a fifty-two week high of $26.14. The firm has a 50 day moving average price of $17.81 and a 200 day moving average price of $20.85.
Carnival Co. & (NYSE:CUK - Get Free Report) last released its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion during the quarter, compared to analysts' expectations of $6.19 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. On average, equities analysts expect that Carnival Co. & plc will post 1.7 earnings per share for the current fiscal year.
Carnival Co. & Profile
(
Free Report)
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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