KLP Kapitalforvaltning AS lessened its holdings in shares of Carnival Corporation (NYSE:CUK - Free Report) by 11.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 371,962 shares of the company's stock after selling 47,200 shares during the quarter. KLP Kapitalforvaltning AS owned approximately 0.20% of Carnival worth $6,520,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of CUK. Legal & General Group Plc raised its holdings in shares of Carnival by 106.2% during the 4th quarter. Legal & General Group Plc now owns 6,917 shares of the company's stock worth $156,000 after acquiring an additional 3,562 shares during the period. First Trust Advisors LP purchased a new position in shares of Carnival during the 4th quarter worth $202,000. Ameriprise Financial Inc. purchased a new stake in Carnival in the 4th quarter valued at about $206,000. Squarepoint Ops LLC purchased a new stake in Carnival in the 4th quarter valued at about $217,000. Finally, Mariner LLC purchased a new stake in Carnival in the 4th quarter valued at about $241,000. Hedge funds and other institutional investors own 23.80% of the company's stock.
Carnival Trading Down 0.7%
CUK traded down $0.19 on Monday, hitting $26.98. The company had a trading volume of 505,785 shares, compared to its average volume of 1,990,160. The firm has a market cap of $5.08 billion, a P/E ratio of 14.60 and a beta of 2.70. Carnival Corporation has a 1 year low of $12.65 and a 1 year high of $28.29. The company's fifty day moving average price is $23.60 and its 200 day moving average price is $21.19. 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 announced its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%. The business had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.21 billion. As a group, equities analysts expect that Carnival Corporation will post 1.7 earnings per share for the current year.
Carnival 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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