Arrowstreet Capital Limited Partnership Buys 628,995 Shares of Carnival Corporation $CUK

Arrowstreet Capital Limited Partnership increased its stake in shares of Carnival Corporation (NYSE:CUK) by 35.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,426,923 shares of the company’s stock after acquiring an additional 628,995 shares during the period. Arrowstreet Capital Limited Partnership owned 1.29% of Carnival worth $61,911,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Carnival by 33.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 76,317 shares of the company’s stock worth $1,338,000 after buying an additional 19,298 shares during the period. Invesco Ltd. acquired a new position in Carnival during the 1st quarter worth $283,000. American Century Companies Inc. boosted its holdings in Carnival by 12.5% during the first quarter. American Century Companies Inc. now owns 105,129 shares of the company’s stock valued at $1,843,000 after acquiring an additional 11,691 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Carnival in the first quarter valued at about $1,878,000. Finally, Landscape Capital Management L.L.C. lifted its position in shares of Carnival by 12.3% during 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 last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Carnival in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Carnival currently has a consensus rating of “Hold”.

Carnival Stock Down 0.8%

NYSE CUK opened at $23.76 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 12.38 and a beta of 2.57. Carnival Corporation has a 1-year low of $13.65 and a 1-year high of $29.80. The stock’s 50 day moving average is $25.11 and its two-hundred day moving average is $25.45.

Carnival (NYSE:CUK) last announced its quarterly earnings results 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. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The firm had revenue of $8.15 billion for the quarter, compared to analysts’ expectations of $8.11 billion. Carnival has set its FY 2025 guidance at 2.140-2.140 EPS and its Q4 2025 guidance at 0.230-0.230 EPS. Equities analysts forecast that Carnival Corporation will post 1.7 earnings per share 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.