KLP Kapitalforvaltning AS Purchases New Holdings in Carnival Co. & plc (NYSE:CUK)

KLP Kapitalforvaltning AS purchased a new position in Carnival Co. & plc (NYSE:CUK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 419,162 shares of the company’s stock, valued at approximately $9,435,000.

Several other institutional investors and hedge funds have also made changes to their positions in CUK. Blue Trust Inc. boosted 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 purchasing an additional 583 shares in the last quarter. GAMMA Investing LLC raised its position in Carnival Co. & by 28.7% during the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock valued at $66,000 after acquiring an additional 652 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Carnival Co. & during the fourth quarter worth $158,000. Charles Schwab Investment Management Inc. boosted its position in Carnival Co. & by 18.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 57,019 shares of the company’s stock worth $1,283,000 after purchasing an additional 8,974 shares in the last quarter. Finally, Truist Financial Corp acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at about $208,000. 23.80% of the stock is currently owned by institutional investors.

Carnival Co. & Price Performance

NYSE:CUK opened at $19.23 on Tuesday. The stock has a 50 day moving average of $21.89 and a two-hundred day moving average of $20.80. 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 has a market cap of $3.61 billion, a P/E ratio of 13.83 and a beta of 2.72. Carnival Co. & plc has a 12 month low of $12.50 and a 12 month high of $26.14.

Carnival Co. & (NYSE:CUK) last issued its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. The business had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. On average, analysts expect that Carnival Co. & plc will post 1.7 earnings per share for the current fiscal year.

Carnival Co. & 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.