Carnival Corporation $CUK Position Raised by QRG Capital Management Inc.

QRG Capital Management Inc. grew its position in shares of Carnival Corporation (NYSE:CUK) by 13.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 119,027 shares of the company’s stock after purchasing an additional 14,267 shares during the quarter. QRG Capital Management Inc.’s holdings in Carnival were worth $3,036,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Sound Income Strategies LLC bought a new stake in Carnival in the 2nd quarter valued at about $44,000. Parallel Advisors LLC increased its stake in shares of Carnival by 51.1% in the second quarter. Parallel Advisors LLC now owns 1,819 shares of the company’s stock valued at $46,000 after purchasing an additional 615 shares during the period. GAMMA Investing LLC raised its holdings in shares of Carnival by 38.6% during the second quarter. GAMMA Investing LLC now owns 3,862 shares of the company’s stock valued at $99,000 after buying an additional 1,075 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Carnival during the second quarter valued at approximately $213,000. Finally, Invesco Ltd. acquired a new position in shares of Carnival during the first quarter worth approximately $283,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Carnival in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Carnival Trading Up 1.2%

Carnival stock opened at $26.65 on Tuesday. 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 stock has a market capitalization of $5.02 billion, a PE ratio of 13.88 and a beta of 2.75. The firm has a 50 day simple moving average of $27.77 and a 200-day simple moving average of $23.27.

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

Insiders Place Their Bets

In related news, Director Sir Jonathon Band sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total transaction of $371,875.00. Following the completion of the transaction, the director owned 64,406 shares of the company’s stock, valued at $1,916,078.50. This trade represents a 16.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.08% of the stock is owned by corporate insiders.

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.