Carnival Corporation $CUK Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC reduced its stake in Carnival Corporation (NYSE:CUK) by 9.2% during the first quarter, bringing its holdings to approximately 3.68 million shares valued at around $64.5 million.
• Several other institutional investors, including Aristeia Capital and Millennium Management, increased their holdings in Carnival during the same period, highlighting ongoing interest from large investors in the company.
• Carnival reported earnings of $0.35 per share for the last quarter, exceeding expectations, with a revenue of $6.33 billion compared to the predicted $6.21 billion.

Acadian Asset Management LLC trimmed its holdings in Carnival Corporation (NYSE:CUK - Free Report) by 9.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,680,018 shares of the company's stock after selling 372,131 shares during the quarter. Acadian Asset Management LLC owned about 1.96% of Carnival worth $64,488,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CUK. Aristeia Capital L.L.C. boosted its holdings in shares of Carnival by 2.2% in the first quarter. Aristeia Capital L.L.C. now owns 12,393,075 shares of the company's stock valued at $217,251,000 after acquiring an additional 262,590 shares during the period. Millennium Management LLC boosted its holdings in shares of Carnival by 15.3% in the first quarter. Millennium Management LLC now owns 1,138,520 shares of the company's stock valued at $19,958,000 after acquiring an additional 151,439 shares during the period. ABC Arbitrage SA boosted its holdings in shares of Carnival by 12.7% in the first quarter. ABC Arbitrage SA now owns 759,899 shares of the company's stock valued at $13,321,000 after acquiring an additional 85,372 shares during the period. Voloridge Investment Management LLC acquired a new stake in shares of Carnival in the fourth quarter valued at approximately $16,380,000. Finally, Lazard Asset Management LLC boosted its holdings in shares of Carnival by 18.7% in the fourth quarter. Lazard Asset Management LLC now owns 275,777 shares of the company's stock valued at $6,207,000 after acquiring an additional 43,369 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Carnival

In other 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 transaction of $371,875.00. Following the completion of the sale, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by company insiders.

Carnival Price Performance

CUK stock opened at $28.59 on Thursday. The company has a market capitalization of $5.39 billion, a P/E ratio of 15.45 and a beta of 2.76. Carnival Corporation has a twelve month low of $13.65 and a twelve month high of $29.77. The business has a 50 day simple moving average of $27.53 and a 200-day simple moving average of $22.20. 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 (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, beating the consensus estimate of $0.24 by $0.11. The business had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.21 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%. Carnival has set its Q3 2025 guidance at 1.300-1.300 EPS. FY 2025 guidance at 1.970-1.970 EPS. As a group, equities analysts anticipate 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.

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