Point72 Asset Management L.P. purchased a new stake in shares of Carnival Co. & plc (NYSE:CUK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 60,000 shares of the company's stock, valued at approximately $1,351,000.
Several other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in Carnival Co. & by 18.7% during the fourth quarter. Blue Trust Inc. now owns 3,703 shares of the company's stock worth $83,000 after acquiring an additional 583 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Carnival Co. & by 106.2% during the 4th 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 during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Carnival Co. & during the 4th quarter worth about $158,000. First Trust Advisors LP purchased a new stake in Carnival Co. & in the 4th quarter valued at about $202,000. Finally, Ameriprise Financial Inc. purchased a new stake in Carnival Co. & in the 4th quarter valued at about $206,000. Hedge funds and other institutional investors own 23.80% of the company's stock.
Carnival Co. & Trading Down 3.7%
NYSE CUK opened at $19.91 on Thursday. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The stock has a market capitalization of $3.74 billion, a P/E ratio of 14.32 and a beta of 2.59. The firm's 50-day moving average is $17.74 and its two-hundred day moving average is $20.86. Carnival Co. & plc has a 12 month low of $12.65 and a 12 month high of $26.14.
Carnival Co. & (NYSE:CUK - Get Free Report) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.81 billion for the quarter, compared to analyst estimates of $6.19 billion. On average, sell-side analysts anticipate that Carnival Co. & plc will post 1.7 earnings per share for the current year.
Carnival Co. & Profile
(
Free Report)
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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