Highbridge Capital Management LLC grew its stake in Carnival plc (NYSE:CUK) by 94.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 131,500 shares of the company’s stock after purchasing an additional 63,897 shares during the period. Highbridge Capital Management LLC’s holdings in Carnival were worth $5,953,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC increased its stake in shares of Carnival by 29.6% in the 2nd quarter. Parallel Advisors LLC now owns 2,603 shares of the company’s stock valued at $118,000 after purchasing an additional 594 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in shares of Carnival by 7.4% in the 2nd quarter. Wetherby Asset Management Inc. now owns 6,774 shares of the company’s stock valued at $307,000 after purchasing an additional 464 shares in the last quarter. Morgan Stanley increased its stake in shares of Carnival by 6.2% in the 2nd quarter. Morgan Stanley now owns 7,686 shares of the company’s stock valued at $348,000 after purchasing an additional 447 shares in the last quarter. Yorktown Management & Research Co Inc purchased a new position in shares of Carnival in the 2nd quarter valued at about $457,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Carnival by 16.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,644 shares of the company’s stock valued at $527,000 after purchasing an additional 1,648 shares in the last quarter. 5.75% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Arnold W. Donald acquired 22,050 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was bought at an average cost of $45.23 per share, for a total transaction of $997,321.50. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Randall J. Weisenburger acquired 20,000 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were purchased at an average price of $46.50 per share, with a total value of $930,000.00. The disclosure for this purchase can be found here. 0.03% of the stock is owned by insiders.

Shares of Carnival stock traded down $0.10 on Friday, hitting $46.52. The company’s stock had a trading volume of 3,602 shares, compared to its average volume of 493,248. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.22 and a current ratio of 0.27. Carnival plc has a 1 year low of $41.23 and a 1 year high of $67.00. The firm has a fifty day moving average price of $44.32 and a 200-day moving average price of $49.06. The company has a market capitalization of $32.67 billion, a price-to-earnings ratio of 10.92 and a beta of 1.07.

Carnival (NYSE:CUK) last announced its quarterly earnings results on Thursday, June 20th. The company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.08. Carnival had a return on equity of 12.15% and a net margin of 15.09%. The firm had revenue of $4.84 billion during the quarter.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.00 annualized dividend and a dividend yield of 4.30%. Carnival’s dividend payout ratio is presently 46.95%.

About Carnival

Carnival plc operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

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Institutional Ownership by Quarter for Carnival (NYSE:CUK)

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