Carnival (NYSE:CUK) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Tuesday.
Carnival (NYSE CUK) opened at $66.63 on Tuesday. Carnival has a one year low of $56.03 and a one year high of $72.29. The company has a current ratio of 0.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.29. The company has a market cap of $14,059.61, a PE ratio of 18.79 and a beta of 0.77.
Carnival (NYSE:CUK) last posted its earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.16. The firm had revenue of $4.26 billion during the quarter. Carnival had a net margin of 14.88% and a return on equity of 11.78%. sell-side analysts forecast that Carnival will post 4.15 earnings per share for the current year.
In related news, CEO Arnold W. Donald sold 3,000 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $68.00, for a total transaction of $204,000.00. Following the completion of the sale, the chief executive officer now owns 132,376 shares of the company’s stock, valued at approximately $9,001,568. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Arnold W. Donald sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $66.41, for a total transaction of $332,050.00. Following the sale, the chief executive officer now directly owns 132,376 shares of the company’s stock, valued at approximately $8,791,090.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 295,323 shares of company stock valued at $19,875,863. Corporate insiders own 0.03% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its position in Carnival by 13.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 44,853 shares of the company’s stock worth $2,973,000 after purchasing an additional 5,204 shares in the last quarter. We Are One Seven LLC acquired a new stake in Carnival during the 4th quarter worth approximately $218,000. Glenmede Trust Co. NA increased its position in Carnival by 50,211.8% during the 4th quarter. Glenmede Trust Co. NA now owns 102,133 shares of the company’s stock worth $6,768,000 after purchasing an additional 101,930 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Carnival during the 4th quarter worth approximately $235,000. Finally, Raymond James & Associates increased its position in Carnival by 19.8% during the 4th quarter. Raymond James & Associates now owns 48,556 shares of the company’s stock worth $3,218,000 after purchasing an additional 8,031 shares in the last quarter. 4.44% of the stock is owned by hedge funds and other institutional investors.
Carnival plc is a leisure travel company. The Company’s segments include North America, and Europe, Australia & Asia (EAA). Its North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn. Its EAA segment includes Costa Cruises (Costa), AIDA Cruises (AIDA), P&O Cruises (the United Kingdom), P&O Cruises (Australia) and Cunard.
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