Alberta Investment Management Corp Makes New $3.46 Million Investment in Carnival Corporation (NYSE:CUK)

Alberta Investment Management Corp bought a new position in shares of Carnival Corporation (NYSE:CUK) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 197,313 shares of the company’s stock, valued at approximately $3,459,000. Alberta Investment Management Corp owned 0.11% of Carnival as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its stake in Carnival by 106.2% during the fourth 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 in the last quarter. First Trust Advisors LP acquired a new position in Carnival during the fourth quarter worth $202,000. Ameriprise Financial Inc. acquired a new position in Carnival during the fourth quarter worth $206,000. Squarepoint Ops LLC acquired a new position in Carnival during the fourth quarter worth $217,000. Finally, Mariner LLC acquired a new position in Carnival during the fourth quarter worth $241,000. Institutional investors own 23.80% of the company’s stock.

Carnival Stock Performance

Shares of NYSE:CUK opened at $26.55 on Friday. Carnival Corporation has a twelve month low of $12.65 and a twelve month high of $28.29. The firm has a market cap of $5.00 billion, a PE ratio of 14.35 and a beta of 2.79. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34. The business has a fifty day moving average of $24.27 and a 200-day moving average of $21.37.

Carnival (NYSE:CUK) last posted its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%. The business had revenue of $6.33 billion for the quarter, compared to analysts’ expectations of $6.21 billion. On average, equities research analysts predict that Carnival Corporation will post 1.7 EPS for the current fiscal year.

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.