Freedom Investment Management Inc. Invests $670,000 in Carnival Corporation $CUK

Key Points

• Freedom Investment Management Inc. invested $670,000 in Carnival Corporation, acquiring 26,272 shares of the stock in the second quarter.
• Carnival reported a quarterly EPS of $1.43, surpassing analyst estimates, and provided forward guidance for FY 2025.
• The stock has a debt-to-equity ratio of 2.10 and currently holds a consensus rating of "Hold" from analysts, reflecting mixed market sentiment.

Freedom Investment Management Inc. purchased a new position in shares of Carnival Corporation (NYSE:CUK - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 26,272 shares of the company's stock, valued at approximately $670,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Sound Income Strategies LLC bought a new position in shares of Carnival in the 2nd quarter valued at approximately $44,000. Parallel Advisors LLC increased its position in 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 buying an additional 615 shares during the period. IFP Advisors Inc bought a new position in Carnival in the 2nd quarter worth approximately $77,000. GAMMA Investing LLC increased its position in 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 buying an additional 1,075 shares during the period. Finally, Park Avenue Securities LLC bought a new position in Carnival in the 2nd quarter worth approximately $213,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Carnival Price Performance

Shares of CUK stock opened at $26.56 on Friday. The stock's fifty day simple moving average is $27.54 and its 200 day simple moving average is $24.05. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 13.83 and a beta of 2.75. Carnival Corporation has a one year low of $13.65 and a one year high of $29.80.

Carnival (NYSE:CUK - Get Free Report) last announced its quarterly earnings results on Monday, September 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.32 by $0.11. The business had revenue of $8.15 billion for the quarter, compared to analyst estimates 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. On average, analysts expect that Carnival Corporation will post 1.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "hold (c+)" rating on shares of Carnival in a report on Friday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Carnival currently has a consensus rating of "Hold".

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 12,500 shares of the business's stock in a transaction 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 sale, the director owned 64,406 shares of the company's stock, valued at $1,916,078.50. The trade was a 16.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is currently owned by corporate 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.

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