Carnival plc (NYSE:CUK) Stake Lessened by Jefferies Group LLC

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.

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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.

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Carnival Profile

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.

Institutional Ownership by Quarter for Carnival (NYSE:CUK)

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