Carnival plc (CUK) Sees Large Decline in Short Interest

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Carnival plc (NYSE:CUK) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totalling 281,273 shares, a decrease of 47.6% from the May 31st total of 536,291 shares. Based on an average daily trading volume, of 425,958 shares, the days-to-cover ratio is currently 0.7 days.

CUK stock opened at $57.31 on Tuesday. Carnival has a 1 year low of $56.76 and a 1 year high of $72.29. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.20 and a current ratio of 0.24. The company has a market capitalization of $11.95 billion, a P/E ratio of 15.00 and a beta of 0.88.

Carnival (NYSE:CUK) last posted its earnings results on Monday, June 25th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.10. The firm had revenue of $4.36 billion for the quarter. Carnival had a return on equity of 12.31% and a net margin of 15.40%. analysts expect that Carnival will post 4.3 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, May 25th were issued a $0.50 dividend. The ex-dividend date was Thursday, May 24th. This is an increase from Carnival’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 3.49%. Carnival’s payout ratio is 52.36%.

In related news, General Counsel Arnaldo Perez sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $64.01, for a total value of $448,070.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Arnold W. Donald sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $62.91, for a total value of $314,550.00. Following the completion of the sale, the chief executive officer now directly owns 132,648 shares in the company, valued at approximately $8,344,885.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,000 shares of company stock worth $1,079,570. 0.03% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Aperio Group LLC raised its holdings in Carnival by 4.4% in the 1st quarter. Aperio Group LLC now owns 1,314,973 shares of the company’s stock valued at $86,131,000 after acquiring an additional 55,333 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Carnival by 160.9% in the 4th quarter. Renaissance Technologies LLC now owns 533,600 shares of the company’s stock valued at $35,367,000 after acquiring an additional 329,100 shares during the last quarter. Todd Asset Management LLC raised its holdings in Carnival by 4.5% in the 1st quarter. Todd Asset Management LLC now owns 381,269 shares of the company’s stock valued at $24,974,000 after acquiring an additional 16,430 shares during the last quarter. State of Wisconsin Investment Board raised its holdings in Carnival by 139.8% in the 1st quarter. State of Wisconsin Investment Board now owns 341,699 shares of the company’s stock valued at $22,381,000 after acquiring an additional 199,220 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in Carnival by 25.2% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 268,900 shares of the company’s stock valued at $17,823,000 after acquiring an additional 54,200 shares during the last quarter. Institutional investors own 4.27% of the company’s stock.

Separately, ValuEngine lowered Carnival from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th.

About Carnival

Carnival plc operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn brands in North America; and Costa, AIDA, P&O Cruises (UK), Cunard, and P&O Cruises (Australia) brands in Europe, Australia, and Asia.

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