KLP Kapitalforvaltning AS Increases Stock Holdings in Carnival Corporation $CUK

Key Points

• KLP Kapitalforvaltning AS increased its stake in Carnival Corporation (NYSE:CUK) by 3.9%, owning 386,362 shares valued at approximately $9.86 million.
• Several institutional investors, including Parallel Advisors LLC and GAMMA Investing LLC, significantly boosted their holdings in Carnival during the same quarter.
• Carnival reported earnings of $1.43 per share for the last quarter, surpassing estimates and driving overall positive market sentiment.

KLP Kapitalforvaltning AS grew its stake in Carnival Corporation (NYSE:CUK - Free Report) by 3.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 386,362 shares of the company's stock after buying an additional 14,400 shares during the quarter. KLP Kapitalforvaltning AS owned 0.21% of Carnival worth $9,856,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Parallel Advisors LLC boosted its stake in shares of Carnival by 51.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,819 shares of the company's stock valued at $46,000 after buying an additional 615 shares during the period. GAMMA Investing LLC boosted its stake in shares of Carnival by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,862 shares of the company's stock valued at $99,000 after buying an additional 1,075 shares during the period. Vident Advisory LLC boosted its stake in shares of Carnival by 9.1% in the 1st quarter. Vident Advisory LLC now owns 17,363 shares of the company's stock valued at $304,000 after buying an additional 1,444 shares during the period. Sound Income Strategies LLC purchased a new position in shares of Carnival in the 2nd quarter valued at about $44,000. Finally, Park Avenue Securities LLC purchased a new position in shares of Carnival in the 2nd quarter valued at about $213,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Carnival Price Performance

Shares of NYSE CUK opened at $26.01 on Friday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34. Carnival Corporation has a fifty-two week low of $13.65 and a fifty-two week high of $29.80. The firm has a market capitalization of $4.90 billion, a PE ratio of 13.55 and a beta of 2.75. The stock's 50-day simple moving average is $27.71 and its 200-day simple moving average is $23.36.

Carnival (NYSE:CUK - Get Free Report) last issued its earnings results on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.11. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The business had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.11 billion. Carnival has set its FY 2025 guidance at 2.140-2.140 EPS. Q4 2025 guidance at 0.230-0.230 EPS. As a group, equities research analysts forecast that Carnival Corporation will post 1.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the business'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 value of $371,875.00. Following the completion of the sale, the director owned 64,406 shares in the company, valued at approximately $1,916,078.50. The trade was a 16.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of Carnival in a research note on Wednesday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Carnival has a consensus rating of "Hold".

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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