QRG Capital Management Inc. Boosts Stake in Carnival Corporation $CUK

Key Points

• QRG Capital Management Inc. increased its stake in Carnival Corporation by 13.6%, now owning 119,027 shares valued at approximately $3 million.
reported a quarterly earnings per share of $1.43, exceeding expectations by $0.11, and generated revenue of $8.15 billion, surpassing the forecast of $8.11 billion.
• Analysts currently have an average rating of "Hold" for Carnival, with Weiss Ratings reaffirming this position in a recent report.

QRG Capital Management Inc. lifted its holdings in shares of Carnival Corporation (NYSE:CUK - Free Report) by 13.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 119,027 shares of the company's stock after acquiring an additional 14,267 shares during the quarter. QRG Capital Management Inc. owned 0.06% of Carnival worth $3,036,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CUK. Parallel Advisors LLC grew its stake in Carnival by 51.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,819 shares of the company's stock valued at $46,000 after purchasing an additional 615 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Carnival by 38.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,862 shares of the company's stock valued at $99,000 after buying an additional 1,075 shares during the last quarter. Vident Advisory LLC grew its position in shares of Carnival by 9.1% during the first quarter. Vident Advisory LLC now owns 17,363 shares of the company's stock worth $304,000 after buying an additional 1,444 shares in the last quarter. Sound Income Strategies LLC bought a new stake in shares of Carnival in the second quarter worth $44,000. Finally, Park Avenue Securities LLC acquired a new stake in Carnival in the second quarter valued at $213,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "hold (c+)" rating on shares of Carnival in a report on Saturday, September 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold".

Insiders Place Their Bets

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the transaction, the director owned 64,406 shares of the company's stock, valued at $1,916,078.50. This trade represents a 16.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.08% of the stock is currently owned by company insiders.

Carnival Stock Performance

Shares of CUK opened at $26.65 on Tuesday. The business's fifty day moving average price is $27.77 and its 200 day moving average price is $23.27. Carnival Corporation has a 12-month low of $13.65 and a 12-month high of $29.80. The stock has a market capitalization of $5.02 billion, a PE ratio of 13.88 and a beta of 2.75. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30.

Carnival (NYSE:CUK - Get Free Report) last released its earnings results on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.11. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The firm had revenue of $8.15 billion during the quarter, compared to analyst estimates of $8.11 billion. Carnival has set its FY 2025 guidance at 2.140-2.140 EPS. Q4 2025 guidance at 0.230-0.230 EPS. Equities research 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.

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