Acadian Asset Management LLC Lowers Holdings in Carnival Corporation $CUK

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 lessened its holdings in Carnival Corporation (NYSE:CUK - Free Report) by 9.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,680,018 shares of the company's stock after selling 372,131 shares during the period. Acadian Asset Management LLC owned about 1.96% of Carnival worth $64,488,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CUK. Jane Street Group LLC grew its position in Carnival by 69.2% in the 1st quarter. Jane Street Group LLC now owns 46,021 shares of the company's stock worth $807,000 after purchasing an additional 18,826 shares in the last quarter. Aristeia Capital L.L.C. grew its position in Carnival by 2.2% in the 1st quarter. Aristeia Capital L.L.C. now owns 12,393,075 shares of the company's stock worth $217,251,000 after purchasing an additional 262,590 shares in the last quarter. Millennium Management LLC grew its position in Carnival by 15.3% in the 1st quarter. Millennium Management LLC now owns 1,138,520 shares of the company's stock worth $19,958,000 after purchasing an additional 151,439 shares in the last quarter. Royal Bank of Canada grew its position in Carnival by 1,202.6% in the 1st quarter. Royal Bank of Canada now owns 79,305 shares of the company's stock worth $1,391,000 after purchasing an additional 73,217 shares in the last quarter. Finally, Graham Capital Management L.P. grew its position in Carnival by 72.1% in the 1st quarter. Graham Capital Management L.P. now owns 77,588 shares of the company's stock worth $1,360,000 after purchasing an additional 32,518 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Insider Buying and Selling at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total transaction of $371,875.00. Following the completion of the transaction, the director directly 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 Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is owned by corporate insiders.

Carnival Stock Down 1.3%

CUK stock traded down $0.35 during trading on Tuesday, reaching $27.92. The stock had a trading volume of 719,008 shares, compared to its average volume of 1,903,343. Carnival Corporation has a one year low of $13.65 and a one year high of $29.80. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58. The company's 50 day moving average is $27.63 and its two-hundred day moving average is $22.37. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 15.09 and a beta of 2.76.

Carnival (NYSE:CUK - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The business had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.21 billion. Carnival has set its Q3 2025 guidance at 1.300-1.300 EPS. FY 2025 guidance at 1.970-1.970 EPS. Equities research analysts forecast 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.