Freedom Investment Management Inc. Takes Position in Carnival Co. & plc (NYSE:CUK)

Freedom Investment Management Inc. purchased a new position in shares of Carnival Co. & plc (NYSE:CUK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 25,049 shares of the company’s stock, valued at approximately $564,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CUK. Blue Trust Inc. lifted its stake in Carnival Co. & by 18.7% in the fourth quarter. Blue Trust Inc. now owns 3,703 shares of the company’s stock valued at $83,000 after purchasing an additional 583 shares during the last quarter. GAMMA Investing LLC increased its holdings in Carnival Co. & by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $66,000 after acquiring an additional 652 shares during the last quarter. Legal & General Group Plc raised its stake in Carnival Co. & by 106.2% in the 4th quarter. Legal & General Group Plc now owns 6,917 shares of the company’s stock valued at $156,000 after acquiring an additional 3,562 shares during the period. Aristides Capital LLC lifted its holdings in Carnival Co. & by 12.1% during the fourth quarter. Aristides Capital LLC now owns 52,913 shares of the company’s stock valued at $1,191,000 after purchasing an additional 5,710 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Carnival Co. & during the fourth quarter worth about $158,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Carnival Co. & Stock Performance

NYSE CUK opened at $16.21 on Monday. The company’s 50 day moving average is $18.86 and its 200-day moving average is $20.89. The firm has a market cap of $3.04 billion, a P/E ratio of 11.66 and a beta of 2.47. Carnival Co. & plc has a 12-month low of $12.65 and a 12-month high of $26.14. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CUK) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.81 billion during the quarter, compared to analyst estimates of $6.19 billion. Sell-side 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.