Carnival (NYSE:CUK) Director Sir Jonathon Band Sells 11,988 Shares of Stock

Carnival Corporation (NYSE:CUK) Director Sir Jonathon Band sold 11,988 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $26.19, for a total transaction of $313,965.72. Following the completion of the sale, the director directly owned 52,601 shares of the company’s stock, valued at approximately $1,377,620.19. This trade represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Sir Jonathon Band also recently made the following trade(s):

• On Tuesday, March 31st, Sir Jonathon Band sold 12 shares of Carnival stock. The shares were sold at an average price of $24.98, for a total value of $299.76.

Carnival Stock Down 3.4%

NYSE CUK opened at $25.59 on Friday. The stock has a market cap of $4.82 billion, a PE ratio of 11.37 and a beta of 2.51. The company has a current ratio of 0.30, a quick ratio of 0.28 and a debt-to-equity ratio of 1.82. Carnival Corporation has a 12 month low of $13.65 and a 12 month high of $33.72. The stock’s 50 day moving average is $28.58 and its 200 day moving average is $27.42.

Carnival (NYSE:CUK) last issued its earnings results on Friday, March 27th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. Research analysts predict that Carnival Corporation will post 1.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. CIBC Private Wealth Group LLC grew its holdings in Carnival by 376.5% during the third quarter. CIBC Private Wealth Group LLC now owns 953 shares of the company’s stock worth $25,000 after purchasing an additional 753 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Carnival in the second quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Carnival by 188.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,115 shares of the company’s stock worth $28,000 after purchasing an additional 729 shares during the period. EverSource Wealth Advisors LLC increased its stake in Carnival by 120.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 980 shares of the company’s stock worth $30,000 after acquiring an additional 536 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in shares of Carnival in the fourth quarter worth $34,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CUK. Zacks Research upgraded shares of Carnival to a “hold” rating in a research report on Thursday, January 22nd. Weiss Ratings upgraded Carnival from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

About Carnival

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.