Archford Capital Strategies LLC Acquires New Position in Carnival Corporation $CUK

Archford Capital Strategies LLC acquired a new position in shares of Carnival Corporation (NYSE:CUK) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 138,198 shares of the company’s stock, valued at approximately $4,192,000. Archford Capital Strategies LLC owned 0.07% of Carnival as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CUK. Norges Bank acquired a new position in Carnival during the 2nd quarter worth $152,130,000. NINE MASTS CAPITAL Ltd acquired a new position in shares of Carnival during the third quarter valued at $17,600,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Carnival by 35.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,426,923 shares of the company’s stock valued at $61,911,000 after purchasing an additional 628,995 shares during the period. Optiver Holding B.V. raised its stake in shares of Carnival by 124.4% during the third quarter. Optiver Holding B.V. now owns 728,577 shares of the company’s stock valued at $19,264,000 after purchasing an additional 403,937 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in Carnival in the third quarter worth about $8,279,000. Institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CUK. Weiss Ratings raised shares of Carnival from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. Zacks Research raised Carnival to a “hold” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Carnival currently has a consensus rating of “Moderate Buy”.

Carnival Price Performance

Shares of NYSE:CUK opened at $25.77 on Wednesday. The company has a market capitalization of $4.86 billion, a PE ratio of 11.45 and a beta of 2.46. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.28 and a current ratio of 0.30. The stock has a fifty day moving average of $28.67 and a 200-day moving average of $27.44. Carnival Corporation has a one year low of $13.65 and a one year high of $33.72.

Carnival (NYSE:CUK) last posted its quarterly earnings data on Friday, March 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02. The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Carnival had a return on equity of 26.92% and a net margin of 11.48%. As a group, equities analysts anticipate that Carnival Corporation will post 1.7 EPS for the current fiscal year.

Carnival Company Profile

Carnival plc (NYSE: CUK) is one of the world’s leading cruise operators, offering leisure travel services to millions of passengers each year. Through its portfolio of brands, the company provides passenger cruises that combine accommodations, entertainment, dining, shore excursions and onboard amenities. Carnival’s vessels range from contemporary “fun ships” to premium and luxury experiences, catering to a broad spectrum of travelers from families and couples to solo adventurers.

Founded in 1972 by Ted Arison, the company has grown through organic fleet expansion and strategic acquisitions.