Maven Securities LTD Reduces Holdings in Carnival Corporation $CUK

Maven Securities LTD decreased its holdings in shares of Carnival Corporation (NYSE:CUK) by 22.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 98,331 shares of the company’s stock after selling 28,248 shares during the period. Maven Securities LTD owned approximately 0.05% of Carnival worth $1,724,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Aristeia Capital L.L.C. lifted its position in Carnival by 13.5% in the fourth quarter. Aristeia Capital L.L.C. now owns 12,130,485 shares of the company’s stock valued at $273,057,000 after purchasing an additional 1,445,944 shares during the period. Voloridge Investment Management LLC acquired a new stake in Carnival in the fourth quarter valued at about $16,380,000. Credit Industriel ET Commercial acquired a new stake in Carnival in the fourth quarter valued at about $10,243,000. Cubist Systematic Strategies LLC acquired a new stake in Carnival in the fourth quarter valued at about $4,465,000. Finally, Alberta Investment Management Corp acquired a new stake in Carnival in the first quarter valued at about $3,459,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Carnival Price Performance

CUK stock opened at $27.57 on Tuesday. The firm has a 50 day moving average of $25.56 and a 200-day moving average of $21.60. Carnival Corporation has a 12-month low of $13.65 and a 12-month high of $28.29. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 14.90 and a beta of 2.79.

Carnival (NYSE:CUK) last posted its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The company had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.21 billion. As a group, equities analysts expect that Carnival Corporation will post 1.7 EPS for the current fiscal year.

Insider Activity

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

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.