JPMorgan Chase & Co. Raises Holdings in Carnival Co. & plc (NYSE:CUK)

JPMorgan Chase & Co. increased its holdings in shares of Carnival Co. & plc (NYSE:CUK) by 12,000.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,730 shares of the company’s stock after acquiring an additional 15,600 shares during the period. JPMorgan Chase & Co.’s holdings in Carnival Co. & were worth $354,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC increased its position in Carnival Co. & by 28.7% during the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $66,000 after purchasing an additional 652 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Carnival Co. & by 18.7% during the 4th quarter. Blue Trust Inc. now owns 3,703 shares of the company’s stock worth $83,000 after purchasing an additional 583 shares during the last quarter. ABC Arbitrage SA acquired a new position in shares of Carnival Co. & in the fourth quarter valued at approximately $15,184,000. Truist Financial Corp purchased a new position in shares of Carnival Co. & during the fourth quarter valued at approximately $208,000. Finally, QRG Capital Management Inc. boosted its position in Carnival Co. & by 21.1% during the fourth quarter. QRG Capital Management Inc. now owns 112,894 shares of the company’s stock worth $2,541,000 after acquiring an additional 19,679 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Carnival Co. & Price Performance

CUK opened at $17.83 on Friday. Carnival Co. & plc has a 1 year low of $12.65 and a 1 year high of $26.14. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The company’s 50 day simple moving average is $17.67 and its 200 day simple moving average is $20.84. The stock has a market capitalization of $3.35 billion, a PE ratio of 12.83 and a beta of 2.47.

Carnival Co. & (NYSE:CUK) last posted its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $6.19 billion. As a group, sell-side analysts expect that Carnival Co. & plc will post 1.7 EPS for the current year.

About Carnival Co. &

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.