Arrowstreet Capital Limited Partnership Purchases 136,764 Shares of Carnival Co. & plc (NYSE:CUK)

Arrowstreet Capital Limited Partnership increased its holdings in shares of Carnival Co. & plc (NYSE:CUK) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,061,521 shares of the company’s stock after buying an additional 136,764 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Carnival Co. & were worth $68,915,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CUK. Blue Trust Inc. raised its stake in shares of Carnival Co. & by 18.7% during the fourth quarter. Blue Trust Inc. now owns 3,703 shares of the company’s stock valued at $83,000 after acquiring an additional 583 shares during the last quarter. GAMMA Investing LLC increased its holdings in Carnival Co. & by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock valued at $66,000 after purchasing an additional 652 shares during the period. SBI Securities Co. Ltd. bought a new position in Carnival Co. & during the 4th quarter worth $158,000. Charles Schwab Investment Management Inc. lifted its holdings in Carnival Co. & by 18.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 57,019 shares of the company’s stock worth $1,283,000 after buying an additional 8,974 shares during the period. Finally, Truist Financial Corp bought a new stake in shares of Carnival Co. & in the 4th quarter valued at about $208,000. 23.80% of the stock is owned by institutional investors.

Carnival Co. & Price Performance

Shares of CUK opened at $17.57 on Tuesday. The business has a 50-day moving average of $21.45 and a 200-day moving average of $20.93. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 12.64 and a beta of 2.72. Carnival Co. & plc has a 1 year low of $12.50 and a 1 year high of $26.14.

Carnival Co. & (NYSE:CUK) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion during the quarter, compared to analyst estimates of $6.19 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. As a group, equities research analysts anticipate that Carnival Co. & plc will post 1.7 earnings per share for the current year.

Carnival Co. & 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.