Bank of America Corp DE Has $21.55 Million Stake in Carnival Co. & plc (NYSE:CUK)

Bank of America Corp DE reduced its stake in Carnival Co. & plc (NYSE:CUK - Free Report) by 25.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 957,242 shares of the company's stock after selling 325,650 shares during the quarter. Bank of America Corp DE owned approximately 0.51% of Carnival Co. & worth $21,548,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in 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 acquiring 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 about $15,184,000. Truist Financial Corp bought a new stake in Carnival Co. & during the 4th quarter valued at approximately $208,000. QRG Capital Management Inc. boosted its stake in Carnival Co. & by 21.1% during the 4th quarter. QRG Capital Management Inc. now owns 112,894 shares of the company's stock valued at $2,541,000 after purchasing an additional 19,679 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in Carnival Co. & in the 4th quarter valued at approximately $158,000. Institutional investors own 23.80% of the company's stock.

Carnival Co. & Stock Performance

Shares of NYSE CUK opened at $21.09 on Tuesday. Carnival Co. & plc has a 12 month low of $12.65 and a 12 month high of $26.14. The company has a market cap of $3.96 billion, a P/E ratio of 15.17 and a beta of 2.59. The business's 50 day moving average is $17.64 and its two-hundred day moving average is $20.86. 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. & (NYSE:CUK - Get Free Report) last announced its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.81 billion for the quarter, compared to analyst estimates of $6.19 billion. On average, equities analysts expect that Carnival Co. & plc will post 1.7 EPS for the current year.

Carnival Co. & 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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