Carnival Corporation $CUK Shares Sold by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC significantly reduced its stake in Carnival Corporation by selling 108,065 shares, resulting in a remaining holding of 90,299 shares worth approximately $1.58 million.
• The company's last quarterly earnings topped analysts' expectations with $0.35 earnings per share and revenue of $6.33 billion, surpassing estimates of $6.21 billion.
• Director Sir Jonathon Band sold 12,500 shares of Carnival stock at an average price of $29.75, decreasing his ownership by 16.25% to approximately $1.92 million in value.

Cubist Systematic Strategies LLC decreased its stake in shares of Carnival Corporation (NYSE:CUK - Free Report) by 54.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 90,299 shares of the company's stock after selling 108,065 shares during the period. Cubist Systematic Strategies LLC's holdings in Carnival were worth $1,583,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CUK. Voloridge Investment Management LLC bought a new position in shares of Carnival during the fourth quarter worth about $16,380,000. Alberta Investment Management Corp bought a new position in shares of Carnival during the first quarter worth about $3,459,000. Mackenzie Financial Corp lifted its position in shares of Carnival by 160.3% during the first quarter. Mackenzie Financial Corp now owns 266,885 shares of the company's stock worth $4,678,000 after purchasing an additional 164,359 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Carnival during the fourth quarter worth about $2,779,000. Finally, Quantbot Technologies LP bought a new position in shares of Carnival during the first quarter worth about $1,878,000. Institutional investors own 23.80% of the company's stock.

Carnival Stock Down 2.6%

Shares of CUK stock traded down $0.76 during trading hours on Friday, hitting $28.75. 1,171,281 shares of the company were exchanged, compared to its average volume of 1,267,870. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34. Carnival Corporation has a one year low of $13.65 and a one year high of $29.80. The business's 50-day simple moving average is $27.60 and its two-hundred day simple moving average is $22.31. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 15.54 and a beta of 2.76.

Carnival (NYSE:CUK - Get Free Report) last issued its earnings results on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, beating 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 company 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. Sell-side analysts predict that Carnival Corporation will post 1.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of Carnival 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 directly owned 64,406 shares in the company, valued at $1,916,078.50. The trade was a 16.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.08% of the stock is currently owned by insiders.

About Carnival

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.