Norges Bank Takes $51.13 Million Position in Carnival Co. & plc (NYSE:CUK)

Norges Bank purchased a new position in shares of Carnival Co. & plc (NYSE:CUKFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,032,524 shares of the company’s stock, valued at approximately $51,128,000. Norges Bank owned approximately 1.62% of Carnival Co. & as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. GAMMA Investing LLC acquired a new stake in Carnival Co. & in the fourth quarter valued at approximately $33,000. Quadrant Capital Group LLC raised its position in Carnival Co. & by 131.3% during the fourth quarter. Quadrant Capital Group LLC now owns 3,300 shares of the company’s stock worth $56,000 after acquiring an additional 1,873 shares during the period. Blueshift Asset Management LLC purchased a new position in Carnival Co. & during the third quarter valued at $172,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Carnival Co. & in the third quarter valued at about $248,000. Finally, PEAK6 Investments LLC increased its stake in shares of Carnival Co. & by 386.7% during the third quarter. PEAK6 Investments LLC now owns 28,817 shares of the company’s stock worth $353,000 after purchasing an additional 22,896 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

Shares of Carnival Co. & stock opened at $14.13 on Wednesday. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. The business has a 50 day simple moving average of $13.78 and a two-hundred day simple moving average of $14.47. The stock has a market capitalization of $2.65 billion, a P/E ratio of 54.35 and a beta of 2.58. Carnival Co. & plc has a 12 month low of $9.71 and a 12 month high of $17.95.

Carnival Co. & (NYSE:CUKGet Free Report) last announced its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.08. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The company had revenue of $5.41 billion for the quarter.

Carnival Co. & Company Profile

(Free Report)

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.

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Institutional Ownership by Quarter for Carnival Co. & (NYSE:CUK)

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