Signaturefd LLC Reduces Stock Position in Carnival Corporation $CUK

Signaturefd LLC lowered its position in shares of Carnival Corporation (NYSE:CUK) by 19.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,387 shares of the company’s stock after selling 1,282 shares during the period. Signaturefd LLC’s holdings in Carnival were worth $137,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Aristeia Capital L.L.C. lifted its position in shares of Carnival by 2.2% in the 1st 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. Millennium Management LLC lifted its position in shares of Carnival by 15.3% in the 1st 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. ABC Arbitrage SA lifted its position in shares of Carnival by 12.7% in the 1st quarter. ABC Arbitrage SA now owns 759,899 shares of the company’s stock worth $13,321,000 after purchasing an additional 85,372 shares during the period. Mackenzie Financial Corp lifted its position in shares of Carnival by 160.3% in the 1st quarter. Mackenzie Financial Corp now owns 266,885 shares of the company’s stock worth $4,678,000 after purchasing an additional 164,359 shares during the period. Finally, Landscape Capital Management L.L.C. lifted its position in shares of Carnival by 12.3% in the 1st quarter. Landscape Capital Management L.L.C. now owns 264,307 shares of the company’s stock worth $4,633,000 after purchasing an additional 29,013 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the completion of the sale, the director directly owned 64,406 shares in the company, valued at $1,916,078.50. The trade was a 16.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Carnival in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Carnival currently has a consensus rating of “Hold”.

Carnival Stock Down 0.8%

NYSE:CUK opened at $26.35 on Friday. The firm has a market cap of $4.97 billion, a P/E ratio of 13.72 and a beta of 2.75. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34. Carnival Corporation has a fifty-two week low of $13.65 and a fifty-two week high of $29.80. The firm has a 50-day simple moving average of $27.78 and a two-hundred day simple moving average of $23.16.

Carnival (NYSE:CUK) last released its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11. The business had revenue of $8.15 billion during 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. Analysts predict that Carnival Corporation will post 1.7 earnings per share 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.