Dynamic Technology Lab Private Ltd Sells 78,635 Shares of Carnival Corporation $CUK

Dynamic Technology Lab Private Ltd trimmed its position in shares of Carnival Corporation (NYSE:CUK) by 89.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,714 shares of the company’s stock after selling 78,635 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Carnival were worth $248,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Millennium Management LLC raised its holdings in Carnival by 15.3% during the first quarter. Millennium Management LLC now owns 1,138,520 shares of the company’s stock worth $19,958,000 after buying an additional 151,439 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Carnival during the second quarter worth about $803,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Carnival by 33.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 76,317 shares of the company’s stock worth $1,338,000 after acquiring an additional 19,298 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Carnival by 160.3% in the 1st quarter. Mackenzie Financial Corp now owns 266,885 shares of the company’s stock worth $4,678,000 after acquiring an additional 164,359 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new position in Carnival in the 1st quarter valued at about $3,459,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Carnival Stock Down 0.3%

CUK opened at $23.52 on Thursday. Carnival Corporation has a fifty-two week low of $13.65 and a fifty-two week high of $29.80. The firm has a market capitalization of $4.43 billion, a P/E ratio of 12.25 and a beta of 2.74. The company’s 50-day moving average is $25.60 and its 200 day moving average is $25.35. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30.

Carnival (NYSE:CUK) last issued its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.11. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The business had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.11 billion. Carnival has set its FY 2025 guidance at 2.140-2.140 EPS. Q4 2025 guidance at 0.230-0.230 EPS. Research analysts expect that Carnival Corporation will post 1.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Carnival in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Carnival has an average rating of “Hold”.

Carnival 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.