Carnival Corporation $CUK Shares Purchased by OLD Mission Capital LLC

Key Points

• OLD Mission Capital LLC increased its stake in Carnival Corporation by 45.4% in the first quarter, now owning 74,254 shares valued at $1.302 million.
• In the fourth quarter, JPMorgan Chase & Co. raised its stake by an astonishing 12,000%, now holding shares worth $354,000, indicating strong institutional interest in Carnival Corporation.
• Carnival Corporation reported earnings per share of $0.35, exceeding expectations, with a revenue of $6.33 billion for the most recent quarter.

OLD Mission Capital LLC raised its stake in Carnival Corporation (NYSE:CUK - Free Report) by 45.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,254 shares of the company's stock after acquiring an additional 23,175 shares during the period. OLD Mission Capital LLC's holdings in Carnival were worth $1,302,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CUK. Vident Advisory LLC boosted its position in Carnival by 9.1% during the 1st quarter. Vident Advisory LLC now owns 17,363 shares of the company's stock valued at $304,000 after purchasing an additional 1,444 shares during the period. Landscape Capital Management L.L.C. boosted its position in Carnival by 12.3% during the 1st quarter. Landscape Capital Management L.L.C. now owns 264,307 shares of the company's stock valued at $4,633,000 after purchasing an additional 29,013 shares during the period. Quantbot Technologies LP bought a new stake in shares of Carnival during the first quarter valued at approximately $1,878,000. American Century Companies Inc. raised its holdings in shares of Carnival by 12.5% during the first quarter. American Century Companies Inc. now owns 105,129 shares of the company's stock valued at $1,843,000 after buying an additional 11,691 shares during the last quarter. Finally, Invesco Ltd. bought a new stake in shares of Carnival during the first quarter valued at approximately $283,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Carnival Stock Performance

Shares of CUK traded up $0.19 during mid-day trading on Wednesday, reaching $28.56. 1,230,280 shares of the company's stock traded hands, compared to its average volume of 1,930,197. The business's 50-day moving average price is $27.19 and its 200-day moving average price is $21.99. The stock has a market capitalization of $5.38 billion, a P/E ratio of 15.44 and a beta of 2.76. 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 Corporation has a 12 month low of $13.65 and a 12 month high of $29.77.

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

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 stock was sold at an average price of $29.75, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by insiders.

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.