Jefferies Group LLC decreased its holdings in Carnival plc (NYSE:CUK) by 58.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,446 shares of the company’s stock after selling 13,290 shares during the quarter. Jefferies Group LLC’s holdings in Carnival were worth $626,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. FNY Partners Fund LP acquired a new stake in Carnival in the 4th quarter worth about $159,000. Campbell & CO Investment Adviser LLC bought a new position in Carnival in the 3rd quarter valued at about $239,000. Citadel Advisors LLC bought a new position in Carnival in the 3rd quarter valued at about $356,000. Cutler Group LP increased its holdings in Carnival by 180.6% in the 4th quarter. Cutler Group LP now owns 7,000 shares of the company’s stock valued at $463,000 after buying an additional 4,505 shares during the period. Finally, Trexquant Investment LP bought a new position in Carnival in the 3rd quarter valued at about $479,000. Institutional investors and hedge funds own 4.44% of the company’s stock.
In other Carnival news, CEO Arnold W. Donald sold 16,226 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $69.11, for a total transaction of $1,121,378.86. Following the sale, the chief executive officer now directly owns 99,351 shares of the company’s stock, valued at approximately $6,866,147.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Arnaldo Perez sold 10,369 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $69.11, for a total transaction of $716,601.59. The disclosure for this sale can be found here. Insiders have sold a total of 85,346 shares of company stock worth $5,869,457 over the last ninety days. 0.03% of the stock is currently owned by insiders.
CUK stock traded up $0.21 during mid-day trading on Thursday, hitting $64.29. The stock had a trading volume of 348,960 shares, compared to its average volume of 355,372. The firm has a market cap of $13,335.28, a P/E ratio of 16.83 and a beta of 0.83. The company has a quick ratio of 0.14, a current ratio of 0.19 and a debt-to-equity ratio of 0.31. Carnival plc has a 52 week low of $56.79 and a 52 week high of $72.29.
Carnival (NYSE:CUK) last announced its quarterly earnings results on Thursday, March 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.13. The company had revenue of $4.23 billion for the quarter. Carnival had a net margin of 14.73% and a return on equity of 11.97%. equities analysts predict that Carnival plc will post 4.3 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, May 25th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, May 24th. This is a positive change from Carnival’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 3.11%. Carnival’s payout ratio is 47.12%.
Separately, ValuEngine lowered shares of Carnival from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th.
TRADEMARK VIOLATION WARNING: This piece of content was reported by Macon Daily and is the property of of Macon Daily. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://macondaily.com/2018/04/12/jefferies-group-llc-has-626000-position-in-carnival-plc-cuk-updated-updated-updated.html.
Carnival plc is a leisure travel company. The Company’s segments include North America, and Europe, Australia & Asia (EAA). Its North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn. Its EAA segment includes Costa Cruises (Costa), AIDA Cruises (AIDA), P&O Cruises (the United Kingdom), P&O Cruises (Australia) and Cunard.
Receive News & Ratings for Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival and related companies with MarketBeat.com's FREE daily email newsletter.