GAMMA Investing LLC Purchases 1,075 Shares of Carnival Corporation $CUK

GAMMA Investing LLC grew its holdings in Carnival Corporation (NYSE:CUK) by 38.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,862 shares of the company’s stock after purchasing an additional 1,075 shares during the quarter. GAMMA Investing LLC’s holdings in Carnival were worth $99,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Park Avenue Securities LLC acquired a new position in shares of Carnival in the 2nd quarter valued at $213,000. Parallel Advisors LLC lifted its holdings in Carnival by 51.1% during the second quarter. Parallel Advisors LLC now owns 1,819 shares of the company’s stock worth $46,000 after acquiring an additional 615 shares in the last quarter. Jane Street Group LLC raised its position in shares of Carnival by 69.2% during the first quarter. Jane Street Group LLC now owns 46,021 shares of the company’s stock worth $807,000 after purchasing an additional 18,826 shares during the period. Aristeia Capital L.L.C. raised its position in shares of Carnival by 2.2% during the first quarter. Aristeia Capital L.L.C. now owns 12,393,075 shares of the company’s stock worth $217,251,000 after purchasing an additional 262,590 shares during the period. Finally, Millennium Management LLC raised its position in shares of Carnival by 15.3% during the first quarter. Millennium Management LLC now owns 1,138,520 shares of the company’s stock worth $19,958,000 after purchasing an additional 151,439 shares during the period. Institutional investors own 23.80% of the company’s stock.

Insider Transactions at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total transaction of $371,875.00. Following the transaction, the director directly owned 64,406 shares of the company’s stock, valued at approximately $1,916,078.50. The trade was a 16.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.08% of the company’s stock.

Carnival Trading Down 1.3%

CUK opened at $26.09 on Thursday. The firm’s fifty day simple moving average is $27.81 and its 200 day simple moving average is $23.04. Carnival Corporation has a 12 month low of $13.65 and a 12 month high of $29.80. The stock has a market capitalization of $4.92 billion, a P/E ratio of 13.59 and a beta of 2.75. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10.

Carnival (NYSE:CUK) last issued its quarterly earnings results on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.11. The firm had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.11 billion. Carnival had a net margin of 10.07% and a return on equity of 27.86%. Carnival has set its FY 2025 guidance at 2.140-2.140 EPS. Q4 2025 guidance at 0.230-0.230 EPS. As a group, research analysts anticipate that Carnival Corporation will post 1.7 EPS for the current fiscal 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.