ABC Arbitrage SA Invests $15.18 Million in Carnival Co. & plc (NYSE:CUK)

ABC Arbitrage SA acquired a new position in Carnival Co. & plc (NYSE:CUK) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 674,527 shares of the company’s stock, valued at approximately $15,184,000. Carnival Co. & accounts for about 2.2% of ABC Arbitrage SA’s portfolio, making the stock its 12th largest holding.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Carnival Co. & by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $66,000 after purchasing an additional 652 shares in the last quarter. Blue Trust Inc. lifted its position in Carnival Co. & by 34.6% in the 3rd quarter. Blue Trust Inc. now owns 3,120 shares of the company’s stock worth $54,000 after buying an additional 802 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Carnival Co. & by 10.6% in the 3rd quarter. Signaturefd LLC now owns 6,270 shares of the company’s stock worth $105,000 after acquiring an additional 599 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Carnival Co. & during the third quarter valued at about $190,000. Finally, Verition Fund Management LLC purchased a new position in Carnival Co. & in the 3rd quarter worth approximately $227,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Carnival Co. & Price Performance

CUK stock opened at $23.75 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The firm’s 50-day moving average price is $23.33 and its two-hundred day moving average price is $19.71. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 17.08 and a beta of 2.69. Carnival Co. & plc has a 12-month low of $12.50 and a 12-month high of $26.14.

Carnival Co. & (NYSE:CUK) last released its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. As a group, equities analysts predict that Carnival Co. & plc will post 1.7 earnings per share for the current year.

About Carnival Co. &

Carnival Plc operates as a global cruise and vacation company. The firm offers holiday and vacation products to a customer base that is broadly varied in terms of cultures, languages and leisure-time preferences. It operates through the North America and Australia (NAA), Europe and Asia (EA), Cruise Support, and Tour and Other segments.