Carnival Corporation (NYSE:CUK) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of Carnival Corporation (NYSE:CUK) by 1,569.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 48,856 shares of the company’s stock after acquiring an additional 45,930 shares during the quarter. GAMMA Investing LLC’s holdings in Carnival were worth $856,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its position in Carnival by 106.2% during the 4th quarter. Legal & General Group Plc now owns 6,917 shares of the company’s stock worth $156,000 after acquiring an additional 3,562 shares during the period. Aristides Capital LLC boosted its position in Carnival by 12.1% during the 4th quarter. Aristides Capital LLC now owns 52,913 shares of the company’s stock worth $1,191,000 after acquiring an additional 5,710 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Carnival by 12.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 58,330 shares of the company’s stock worth $1,313,000 after acquiring an additional 6,441 shares during the period. SBI Securities Co. Ltd. acquired a new position in Carnival during the 4th quarter worth $158,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Carnival by 18.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 57,019 shares of the company’s stock worth $1,283,000 after acquiring an additional 8,974 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Carnival Trading Down 2.3%

Shares of CUK stock opened at $21.06 on Wednesday. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.21 and a current ratio of 0.26. Carnival Corporation has a 1 year low of $12.65 and a 1 year high of $26.14. The stock has a fifty day moving average of $19.11 and a two-hundred day moving average of $20.72. The firm has a market capitalization of $3.96 billion, a PE ratio of 14.04 and a beta of 2.67.

Carnival (NYSE:CUK) last announced 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. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $6.19 billion. Carnival had a return on equity of 26.53% and a net margin of 8.07%. As a group, research analysts expect that Carnival Corporation will post 1.7 EPS for the current year.

Carnival 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.