Carnival Corporation (NYSE:CUK) Stock Holdings Increased by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp significantly increased its holdings in Carnival Corporation by 160.3%, acquiring an additional 164,359 shares to reach a total of 266,885 shares worth approximately $4.68 million.
• Carnival Corporation's shares traded down 2.4% to $26.55, with a market capitalization of $5.00 billion and notable financial metrics, such as a price-to-earnings ratio of 14.35.
• The company beat earnings expectations in its latest quarterly report, posting an EPS of $0.35 against a consensus estimate of $0.24, alongside revenues of $6.33 billion.

Mackenzie Financial Corp raised its stake in shares of Carnival Corporation (NYSE:CUK - Free Report) by 160.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 266,885 shares of the company's stock after buying an additional 164,359 shares during the period. Mackenzie Financial Corp owned approximately 0.14% of Carnival worth $4,678,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Legal & General Group Plc boosted its position 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 valued at $156,000 after purchasing an additional 3,562 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Carnival in the fourth quarter worth about $202,000. Ameriprise Financial Inc. acquired a new position in shares of Carnival in the fourth quarter worth about $206,000. Squarepoint Ops LLC acquired a new position in shares of Carnival in the fourth quarter worth about $217,000. Finally, Mariner LLC acquired a new position in shares of Carnival in the fourth quarter worth about $241,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Carnival Trading Down 1.3%

Shares of CUK traded down $0.36 during midday trading on Tuesday, hitting $26.83. The stock had a trading volume of 1,216,901 shares, compared to its average volume of 1,999,395. Carnival Corporation has a fifty-two week low of $12.84 and a fifty-two week high of $28.29. The business has a 50-day simple moving average of $24.27 and a two-hundred day simple moving average of $21.36. The firm has a market cap of $5.05 billion, a P/E ratio of 14.49 and a beta of 2.79. 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 earnings results on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The company had revenue of $6.33 billion during the quarter, compared to analysts' expectations of $6.21 billion. As a group, equities analysts forecast that Carnival Corporation will post 1.7 EPS for the current year.

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.