Acadian Asset Management LLC Trims Stock Holdings in Carnival Corporation $CUK

Acadian Asset Management LLC reduced its position in Carnival Corporation (NYSE:CUK) by 20.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,945,377 shares of the company’s stock after selling 734,641 shares during the quarter. Acadian Asset Management LLC owned approximately 1.56% of Carnival worth $75,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in shares of Carnival by 417.0% in the 2nd quarter. Bank of Montreal Can now owns 1,611,280 shares of the company’s stock worth $41,104,000 after buying an additional 1,299,639 shares during the last quarter. Freedom Investment Management Inc. bought a new stake in shares of Carnival in the 2nd quarter valued at about $670,000. Allianz Asset Management GmbH acquired a new position in Carnival during the 2nd quarter valued at about $803,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Carnival during the second quarter worth $218,000. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Carnival by 17.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,097 shares of the company’s stock worth $360,000 after buying an additional 2,103 shares during the period. 23.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Carnival in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Carnival has an average rating of “Hold”.

Carnival Stock Performance

NYSE:CUK opened at $24.19 on Monday. The business’s fifty day moving average price is $26.89 and its 200 day moving average price is $24.84. Carnival Corporation has a 12 month low of $13.65 and a 12 month high of $29.80. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30. The firm has a market capitalization of $4.56 billion, a PE ratio of 12.60 and a beta of 2.74.

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

Carnival 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.