Quantbot Technologies LP Buys New Position in Carnival Corporation $CUK

Key Points

• Quantbot Technologies LP has acquired a total of 107,130 shares of Carnival Corporation (NYSE: CUK), representing an investment of approximately $1,878,000 and accounting for 0.06% of the company's shares.
• Other hedge funds, including Legal & General Group Plc and Ameriprise Financial Inc., have also increased their stakes in Carnival during the previous quarter, reflecting growing institutional interest in the company.
• Carnival Corporation reported $0.35 earnings per share for the last quarter, outperforming analysts' expectations of $0.24, with total revenues reaching $6.33 billion.

Quantbot Technologies LP bought a new position in shares of Carnival Corporation (NYSE:CUK - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 107,130 shares of the company's stock, valued at approximately $1,878,000. Quantbot Technologies LP owned 0.06% of Carnival at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. grew 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 worth $1,843,000 after purchasing an additional 11,691 shares in the last quarter. Invesco Ltd. bought a new position in Carnival in the first quarter worth $283,000. Charles Schwab Investment Management Inc. grew its stake in shares of Carnival by 33.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 76,317 shares of the company's stock worth $1,338,000 after acquiring an additional 19,298 shares during the last quarter. ABC Arbitrage SA grew its stake in shares of Carnival by 12.7% in the first quarter. ABC Arbitrage SA now owns 759,899 shares of the company's stock worth $13,321,000 after acquiring an additional 85,372 shares during the last quarter. Finally, Alberta Investment Management Corp purchased a new stake in shares of Carnival during the first quarter valued at $3,459,000. 23.80% of the stock is currently owned by institutional investors.

Insider Activity at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of Carnival 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 approximately $1,916,078.50. This trade represents a 16.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is owned by company insiders.

Carnival Stock Performance

Shares of Carnival stock traded up $0.12 during trading on Wednesday, hitting $29.18. 755,532 shares of the company's stock traded hands, compared to its average volume of 1,939,979. Carnival Corporation has a 1 year low of $13.65 and a 1 year high of $29.34. The business has a 50-day simple moving average of $26.35 and a 200-day simple moving average of $21.76. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. The stock has a market capitalization of $5.50 billion, a P/E ratio of 15.76 and a beta of 2.79.

Carnival (NYSE:CUK - Get Free Report) last posted its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The firm had revenue of $6.33 billion for the quarter, compared to the consensus estimate 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. 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.