Callan Family Office LLC Buys New Position in Carnival Corporation $CUK

Key Points

• Callan Family Office LLC acquired a new position in Carnival Corporation by purchasing 21,575 shares valued at approximately $550,000 during the second quarter.
• Carnival Corporation reported a quarterly earnings per share (EPS) of $1.43, exceeding the consensus estimate of $1.32, with revenue for the quarter at $8.15 billion.
• Institutional investors own 23.80% of Carnival's stock, indicating strong interest from hedge funds in the company's shares.

Callan Family Office LLC bought a new stake in shares of Carnival Corporation (NYSE:CUK - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 21,575 shares of the company's stock, valued at approximately $550,000.

Several other hedge funds have also modified their holdings of CUK. Sound Income Strategies LLC acquired a new position in shares of Carnival in the 2nd quarter worth approximately $44,000. Parallel Advisors LLC grew its position in shares of Carnival by 51.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,819 shares of the company's stock worth $46,000 after acquiring an additional 615 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Carnival by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,862 shares of the company's stock worth $99,000 after acquiring an additional 1,075 shares in the last quarter. Park Avenue Securities LLC acquired a new position in shares of Carnival in the 2nd quarter worth approximately $213,000. Finally, Invesco Ltd. acquired a new position in shares of Carnival in the 1st quarter worth approximately $283,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Stock Performance

Shares of NYSE CUK opened at $26.42 on Wednesday. The business's 50-day moving average price is $27.65 and its two-hundred day moving average price is $23.54. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30. Carnival Corporation has a one year low of $13.65 and a one year high of $29.80. The company has a market capitalization of $4.98 billion, a P/E ratio of 13.76 and a beta of 2.75.

Carnival (NYSE:CUK - Get Free Report) last released its quarterly earnings results on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.11. The company had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.11 billion. Carnival had a return on equity of 27.86% and a net margin of 10.07%. Carnival has set its FY 2025 guidance at 2.140-2.140 EPS. Q4 2025 guidance at 0.230-0.230 EPS. Analysts anticipate that Carnival Corporation will post 1.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Carnival in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

Insider Buying and Selling

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director owned 64,406 shares of the company's stock, valued at $1,916,078.50. This represents a 16.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.08% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.