Rpo LLC Acquires New Position in Carnival Corporation $CUK

Rpo LLC acquired a new stake in Carnival Corporation (NYSE:CUK) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 122,369 shares of the company’s stock, valued at approximately $3,235,000. Carnival accounts for 0.3% of Rpo LLC’s holdings, making the stock its 6th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. ABC Arbitrage SA grew its holdings in shares of Carnival by 11.5% during the 3rd quarter. ABC Arbitrage SA now owns 996,575 shares of the company’s stock valued at $26,349,000 after acquiring an additional 103,075 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Carnival during the second quarter worth $1,198,000. Arrowstreet Capital Limited Partnership boosted its position in Carnival by 35.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,426,923 shares of the company’s stock valued at $61,911,000 after purchasing an additional 628,995 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Carnival by 225.9% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 218,827 shares of the company’s stock valued at $5,786,000 after purchasing an additional 151,673 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Carnival by 417.0% in the 2nd quarter. Bank of Montreal Can now owns 1,611,280 shares of the company’s stock worth $41,104,000 after purchasing an additional 1,299,639 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Carnival Stock Performance

NYSE:CUK opened at $27.94 on Thursday. The firm has a market capitalization of $5.27 billion, a PE ratio of 13.97 and a beta of 2.46. Carnival Corporation has a 1 year low of $13.65 and a 1 year high of $33.72. The company has a current ratio of 0.32, a quick ratio of 0.28 and a debt-to-equity ratio of 1.96. The firm’s fifty day simple moving average is $30.70 and its 200 day simple moving average is $27.91.

Carnival (NYSE:CUK) last released its quarterly earnings results on Tuesday, January 27th. The company reported $0.19 earnings per share (EPS) for the quarter. The company had revenue of $6.33 billion during the quarter. Carnival had a net margin of 10.37% and a return on equity of 28.39%. On average, sell-side analysts anticipate that Carnival Corporation will post 1.7 EPS for the current year.

Carnival Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.1%. Carnival’s dividend payout ratio (DPR) is 7.50%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Carnival in a report on Monday, December 29th. Zacks Research raised shares of Carnival to a “hold” rating in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Carnival presently has an average rating of “Hold”.

Carnival Profile

Carnival plc (NYSE: CUK) is one of the world’s leading cruise operators, offering leisure travel services to millions of passengers each year. Through its portfolio of brands, the company provides passenger cruises that combine accommodations, entertainment, dining, shore excursions and onboard amenities. Carnival’s vessels range from contemporary “fun ships” to premium and luxury experiences, catering to a broad spectrum of travelers from families and couples to solo adventurers.

Founded in 1972 by Ted Arison, the company has grown through organic fleet expansion and strategic acquisitions.