Graham Capital Management L.P. Sells 105,793 Shares of Carnival Co. & plc (NYSE:CUK)

Graham Capital Management L.P. decreased its holdings in shares of Carnival Co. & plc (NYSE:CUK - Free Report) by 70.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,070 shares of the company's stock after selling 105,793 shares during the period. Graham Capital Management L.P.'s holdings in Carnival Co. & were worth $1,015,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Aristeia Capital L.L.C. lifted its stake in Carnival Co. & by 13.5% during the fourth quarter. Aristeia Capital L.L.C. now owns 12,130,485 shares of the company's stock worth $273,057,000 after purchasing an additional 1,445,944 shares during the period. Norges Bank bought a new position in Carnival Co. & during the fourth quarter worth about $132,714,000. Arrowstreet Capital Limited Partnership lifted its stake in Carnival Co. & by 4.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,061,521 shares of the company's stock worth $68,915,000 after purchasing an additional 136,764 shares during the period. Renaissance Technologies LLC lifted its stake in Carnival Co. & by 2.2% during the fourth quarter. Renaissance Technologies LLC now owns 2,673,700 shares of the company's stock worth $60,185,000 after purchasing an additional 58,600 shares during the period. Finally, ABC Arbitrage SA bought a new position in shares of Carnival Co. & in the fourth quarter valued at approximately $15,184,000. Institutional investors own 23.80% of the company's stock.

Carnival Co. & Stock Performance

NYSE:CUK opened at $20.57 on Wednesday. Carnival Co. & plc has a 1 year low of $12.65 and a 1 year high of $26.14. The firm has a 50 day moving average of $17.40 and a 200-day moving average of $20.82. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $3.86 billion, a P/E ratio of 14.80 and a beta of 2.59.

Carnival Co. & (NYSE:CUK - Get Free Report) last posted its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.81 billion during the quarter, compared to analysts' expectations of $6.19 billion. As a group, sell-side analysts anticipate that Carnival Co. & plc will post 1.7 EPS for the current fiscal year.

Carnival Co. & Company 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.

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