Credit Industriel ET Commercial Sells 331,086 Shares of Carnival Corporation $CUK

Credit Industriel ET Commercial reduced its position in shares of Carnival Corporation (NYSE:CUK) by 72.8% in the 4th quarter, HoldingsChannel reports. The firm owned 123,955 shares of the company’s stock after selling 331,086 shares during the period. Credit Industriel ET Commercial’s holdings in Carnival were worth $3,760,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can raised its stake in shares of Carnival by 3.5% in the third quarter. Bank of Montreal Can now owns 1,667,608 shares of the company’s stock worth $44,092,000 after acquiring an additional 56,328 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Carnival by 11.7% in the second quarter. Bank of America Corp DE now owns 1,080,975 shares of the company’s stock worth $27,576,000 after acquiring an additional 113,134 shares during the last quarter. ABC Arbitrage SA raised its stake in shares of Carnival by 11.5% in the third quarter. ABC Arbitrage SA now owns 996,575 shares of the company’s stock worth $26,349,000 after acquiring an additional 103,075 shares during the last quarter. Optiver Holding B.V. raised its stake in shares of Carnival by 124.4% in the third quarter. Optiver Holding B.V. now owns 728,577 shares of the company’s stock worth $19,264,000 after acquiring an additional 403,937 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd bought a new position in shares of Carnival in the third quarter worth about $17,600,000. 23.80% of the stock is owned by institutional investors.

Insider Activity at Carnival

In other news, Director Sir Jonathon Band sold 11,988 shares of Carnival stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $26.19, for a total transaction of $313,965.72. Following the completion of the sale, the director owned 52,601 shares in the company, valued at $1,377,620.19. The trade was a 18.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is currently owned by corporate insiders.

Carnival Trading Up 0.5%

Shares of NYSE CUK opened at $25.77 on Wednesday. Carnival Corporation has a 1-year low of $17.54 and a 1-year high of $33.72. The company has a 50-day moving average of $26.83 and a two-hundred day moving average of $27.45. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 1.82. The company has a market cap of $4.86 billion, a PE ratio of 11.45 and a beta of 2.36.

Carnival (NYSE:CUK) last issued its quarterly earnings results on Friday, March 27th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CUK shares. 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 shares of Carnival to a “hold” rating in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently 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.