Verition Fund Management LLC Invests $227,000 in Carnival Co. & plc (NYSE:CUK)

Verition Fund Management LLC bought a new position in shares of Carnival Co. & plc (NYSE:CUK) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,621 shares of the company’s stock, valued at approximately $227,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. bought a new stake in shares of Carnival Co. & during the second quarter worth about $40,000. Point72 Asset Management L.P. bought a new stake in Carnival Co. & in the 2nd quarter worth about $48,000. Signaturefd LLC grew its position in Carnival Co. & by 56.7% in the 2nd quarter. Signaturefd LLC now owns 5,671 shares of the company’s stock worth $98,000 after purchasing an additional 2,053 shares in the last quarter. Aigen Investment Management LP bought a new stake in Carnival Co. & in the 3rd quarter worth about $190,000. Finally, International Assets Investment Management LLC bought a new stake in Carnival Co. & in the 3rd quarter worth about $7,030,000. 23.80% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the transaction, the director now directly owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This represents a 21.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.08% of the company’s stock.

Carnival Co. & Trading Down 1.3 %

Shares of CUK stock opened at $23.51 on Monday. Carnival Co. & plc has a 52-week low of $12.50 and a 52-week high of $24.66. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The company has a 50-day simple moving average of $21.20 and a two-hundred day simple moving average of $17.36. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 20.99 and a beta of 2.72.

Carnival Co. & (NYSE:CUK) last issued its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business had revenue of $7.90 billion during the quarter.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.