Maven Securities LTD Cuts Holdings in Carnival Corporation $CUK

Key Points

• Maven Securities LTD reduced its holdings in Carnival Corporation (NYSE:CUK) by 22.3% during the 1st quarter, now owning approximately 0.05% of the company, worth $1.72 million.
• The stock opened at $27.57 with a 12-month high of $28.29 and a low of $13.65, amidst several institutional investments that increased their positions.
• Carnival reported a $0.35 earnings per share for the latest quarter, exceeding analysts' expectations of $0.24, with revenue reaching $6.33 billion.

Maven Securities LTD decreased its holdings in Carnival Corporation (NYSE:CUK - Free Report) by 22.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,331 shares of the company's stock after selling 28,248 shares during the period. Maven Securities LTD owned 0.05% of Carnival worth $1,724,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Legal & General Group Plc increased its stake in shares of Carnival by 106.2% in the fourth quarter. Legal & General Group Plc now owns 6,917 shares of the company's stock worth $156,000 after purchasing an additional 3,562 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of Carnival in the fourth quarter worth about $202,000. Ameriprise Financial Inc. purchased a new position in shares of Carnival in the fourth quarter worth about $206,000. Squarepoint Ops LLC purchased a new position in shares of Carnival in the fourth quarter worth about $217,000. Finally, Mariner LLC purchased a new position in shares of Carnival in the fourth quarter worth about $241,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 12,500 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total transaction of $371,875.00. Following the completion of the transaction, the director owned 64,406 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.08% of the company's stock.

Carnival Price Performance

NYSE:CUK traded up $1.7050 during mid-day trading on Friday, hitting $28.6850. 1,933,640 shares of the stock traded hands, compared to its average volume of 1,659,178. The business's 50-day moving average price is $26.05 and its 200 day moving average price is $21.67. The company has a market cap of $5.41 billion, a PE ratio of 15.51 and a beta of 2.79. Carnival Corporation has a 12-month low of $13.65 and a 12-month high of $28.75. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58.

Carnival (NYSE:CUK - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.24 by $0.11. The company had revenue of $6.33 billion during the quarter, compared to analysts' expectations of $6.21 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. Carnival has set its Q3 2025 guidance at 1.300-1.300 EPS. FY 2025 guidance at 1.970-1.970 EPS. On average, analysts expect that Carnival Corporation will post 1.7 EPS for the current fiscal year.

Carnival Company 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.