Carnival (NYSE:CUK) Director Sir Jonathon Band Sells 11,988 Shares

Carnival Corporation (NYSE:CUK) Director Sir Jonathon Band sold 11,988 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $26.19, for a total transaction of $313,965.72. Following the transaction, the director directly owned 52,601 shares in the company, valued at approximately $1,377,620.19. The trade was a 18.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Sir Jonathon Band also recently made the following trade(s):

• On Tuesday, March 31st, Sir Jonathon Band sold 12 shares of Carnival stock. The stock was sold at an average price of $24.98, for a total transaction of $299.76.

Carnival Price Performance

Shares of NYSE:CUK traded down $0.89 during trading on Thursday, reaching $25.62. The company had a trading volume of 2,114,876 shares, compared to its average volume of 2,913,477. The firm’s fifty day moving average is $28.64 and its 200 day moving average is $27.43. 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 firm has a market capitalization of $4.83 billion, a PE ratio of 11.38 and a beta of 2.51. Carnival Corporation has a twelve month low of $13.65 and a twelve month high of $33.72.

Carnival (NYSE:CUK) last posted its quarterly earnings data on Friday, March 27th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. On average, equities analysts forecast that Carnival Corporation will post 1.7 EPS for the current year.

Institutional Trading of Carnival

Several institutional investors and hedge funds have recently added to or reduced their stakes in CUK. CIBC Private Wealth Group LLC grew its position in Carnival by 376.5% in the third quarter. CIBC Private Wealth Group LLC now owns 953 shares of the company’s stock worth $25,000 after buying an additional 753 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Carnival during the 2nd quarter worth $26,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Carnival by 188.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,115 shares of the company’s stock worth $28,000 after acquiring an additional 729 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Carnival by 120.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 980 shares of the company’s stock worth $30,000 after purchasing an additional 536 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Carnival during the fourth quarter worth $34,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Weiss Ratings raised 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 research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.