Norges Bank Makes New Investment in Carnival Co. & plc (NYSE:CUK)

Norges Bank bought a new stake in Carnival Co. & plc (NYSE:CUK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,895,780 shares of the company’s stock, valued at approximately $132,714,000. Norges Bank owned approximately 3.14% of Carnival Co. & as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. increased its position in shares of Carnival Co. & by 12,000.0% during the 4th quarter. JPMorgan Chase & Co. now owns 15,730 shares of the company’s stock valued at $354,000 after purchasing an additional 15,600 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Carnival Co. & during the fourth quarter worth about $9,435,000. Sei Investments Co. raised its position in Carnival Co. & by 183.6% in the fourth quarter. Sei Investments Co. now owns 158,191 shares of the company’s stock worth $3,561,000 after acquiring an additional 102,413 shares during the period. American Century Companies Inc. boosted its stake in Carnival Co. & by 11.1% in the fourth quarter. American Century Companies Inc. now owns 93,438 shares of the company’s stock valued at $2,103,000 after acquiring an additional 9,353 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Carnival Co. & during the 4th quarter valued at approximately $2,836,000. 23.80% of the stock is currently owned by institutional investors.

Carnival Co. & Trading Down 1.9 %

NYSE:CUK opened at $17.57 on Tuesday. The firm’s 50 day moving average is $21.45 and its 200 day moving average is $20.93. Carnival Co. & plc has a 12 month low of $12.50 and a 12 month high of $26.14. The stock has a market capitalization of $3.30 billion, a PE ratio of 12.64 and a beta of 2.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

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