Trexquant Investment LP Reduces Position in Carnival Corporation $CUK

Key Points

• Trexquant Investment LP has significantly reduced its stake in Carnival Corporation by 74%, selling 161,516 shares and leaving it with 56,712 shares valued at approximately $994,000.
• Other institutional investors have notably increased their positions in Carnival, with BNP Paribas Financial Markets raising its holdings by 3,456.4%.
• Carnival Corporation reported better-than-expected quarterly earnings with $0.35 EPS, exceeding the consensus estimate of $0.24, alongside a revenue of $6.33 billion.

Trexquant Investment LP trimmed its holdings in shares of Carnival Corporation (NYSE:CUK - Free Report) by 74.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,712 shares of the company's stock after selling 161,516 shares during the quarter. Trexquant Investment LP's holdings in Carnival were worth $994,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CUK. First Trust Advisors LP purchased a new position in shares of Carnival in the fourth quarter valued at $202,000. Ameriprise Financial Inc. bought a new stake in shares of Carnival in the 4th quarter valued at about $206,000. Squarepoint Ops LLC purchased a new position in shares of Carnival in the fourth quarter worth $217,000. Invesco Ltd. purchased a new position in shares of Carnival in the first quarter worth $283,000. Finally, Vident Advisory LLC bought a new position in Carnival during the 4th quarter valued at approximately $358,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Carnival Stock Up 3.5%

Shares of NYSE:CUK traded up $1.00 during trading on Thursday, hitting $29.58. The stock had a trading volume of 1,503,030 shares, compared to its average volume of 1,910,769. Carnival Corporation has a 12 month low of $13.65 and a 12 month high of $29.78. The company has a market capitalization of $5.57 billion, a PE ratio of 16.02 and a beta of 2.76. The firm's fifty day moving average is $27.53 and its 200 day moving average is $22.20. 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 announced its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. The firm had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.21 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%. Carnival has set its Q3 2025 guidance at 1.300-1.300 EPS. FY 2025 guidance at 1.970-1.970 EPS. Analysts anticipate that Carnival Corporation will post 1.7 EPS for the current fiscal year.

Insider Activity

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