Mackenzie Financial Corp Grows Stake in Carnival Corporation (NYSE:CUK)

Mackenzie Financial Corp boosted its position in shares of Carnival Corporation (NYSE:CUK - Free Report) by 160.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 266,885 shares of the company's stock after purchasing an additional 164,359 shares during the quarter. Mackenzie Financial Corp owned approximately 0.14% of Carnival worth $4,678,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CUK. Aristeia Capital L.L.C. raised its stake in shares of Carnival by 13.5% during the 4th quarter. Aristeia Capital L.L.C. now owns 12,130,485 shares of the company's stock worth $273,057,000 after buying an additional 1,445,944 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Carnival by 2.2% in the fourth quarter. Renaissance Technologies LLC now owns 2,673,700 shares of the company's stock valued at $60,185,000 after buying an additional 58,600 shares during the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Carnival during the fourth quarter valued at approximately $16,380,000. Credit Industriel ET Commercial acquired a new stake in Carnival during the fourth quarter worth approximately $10,243,000. Finally, Lazard Asset Management LLC grew its stake in Carnival by 18.7% in the 4th quarter. Lazard Asset Management LLC now owns 275,777 shares of the company's stock worth $6,207,000 after acquiring an additional 43,369 shares during the period. Institutional investors and hedge funds own 23.80% of the company's stock.

Carnival Trading Down 2.4%

Shares of CUK opened at $26.55 on Friday. Carnival Corporation has a fifty-two week low of $12.65 and a fifty-two week high of $28.29. The company has a market capitalization of $5.00 billion, a PE ratio of 14.35 and a beta of 2.79. The stock has a fifty day moving average of $24.27 and a two-hundred day moving average of $21.38. 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 (NYSE:CUK - Get Free Report) last announced its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. The business had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.21 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%. As a group, analysts forecast that Carnival Corporation will post 1.7 EPS for the current year.

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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