Renaissance Technologies LLC Grows Stake in Carnival Co. & plc (NYSE:CUK)

Renaissance Technologies LLC raised its position in Carnival Co. & plc (NYSE:CUK) by 2.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,673,700 shares of the company’s stock after purchasing an additional 58,600 shares during the period. Renaissance Technologies LLC’s holdings in Carnival Co. & were worth $60,185,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Carnival Co. & in the fourth quarter valued at approximately $132,714,000. ABC Arbitrage SA acquired a new position in Carnival Co. & in the fourth quarter valued at approximately $15,184,000. KLP Kapitalforvaltning AS purchased a new position in shares of Carnival Co. & during the fourth quarter worth about $9,435,000. Arrowstreet Capital Limited Partnership raised its position in Carnival Co. & by 4.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,061,521 shares of the company’s stock valued at $68,915,000 after purchasing an additional 136,764 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Carnival Co. & in the 4th quarter valued at about $2,836,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Stock Performance

NYSE:CUK opened at $17.74 on Thursday. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 12.76 and a beta of 2.47. The firm’s fifty day moving average price is $20.01 and its 200 day moving average price is $20.95. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. 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 for the quarter, topping analysts’ consensus estimates 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, sell-side analysts expect that Carnival Co. & plc will post 1.7 EPS 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.