Norges Bank Makes New Investment in Carnival Corporation $CUK

Norges Bank purchased a new stake in Carnival Corporation (NYSE:CUK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,963,531 shares of the company’s stock, valued at approximately $152,130,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of Montreal Can increased its stake in Carnival by 417.0% in the second quarter. Bank of Montreal Can now owns 1,611,280 shares of the company’s stock valued at $41,104,000 after acquiring an additional 1,299,639 shares during the period. Aristeia Capital L.L.C. boosted its holdings in Carnival by 2.2% during the first quarter. Aristeia Capital L.L.C. now owns 12,393,075 shares of the company’s stock valued at $217,251,000 after purchasing an additional 262,590 shares in the last quarter. Millennium Management LLC boosted its holdings in Carnival by 15.3% during the first quarter. Millennium Management LLC now owns 1,138,520 shares of the company’s stock valued at $19,958,000 after purchasing an additional 151,439 shares in the last quarter. ABC Arbitrage SA grew its stake in shares of Carnival by 17.6% in the 2nd quarter. ABC Arbitrage SA now owns 893,500 shares of the company’s stock valued at $22,793,000 after purchasing an additional 133,601 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Carnival in the 1st quarter worth approximately $1,878,000. 23.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Carnival in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Carnival Price Performance

Shares of Carnival stock opened at $23.79 on Wednesday. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 12.39 and a beta of 2.57. The firm’s 50-day moving average price is $25.26 and its two-hundred day moving average price is $25.47. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10. Carnival Corporation has a 1-year low of $13.65 and a 1-year high of $29.80.

Carnival (NYSE:CUK) last announced its earnings results on Monday, September 29th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.32 by $0.11. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The business had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.11 billion. Carnival has set its FY 2025 guidance at 2.140-2.140 EPS and its Q4 2025 guidance at 0.230-0.230 EPS. On average, equities analysts predict that Carnival Corporation will post 1.7 earnings per share for the current fiscal year.

Carnival Company Profile

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.