Rpo LLC Makes New Investment in Carnival Corporation $CUK

Rpo LLC purchased a new stake in shares of Carnival Corporation (NYSE:CUK) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 122,369 shares of the company’s stock, valued at approximately $3,235,000. Carnival makes up approximately 0.3% of Rpo LLC’s investment portfolio, making the stock its 6th biggest position. Rpo LLC owned about 0.06% of Carnival as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Carnival in the second quarter valued at $26,000. Northwestern Mutual Wealth Management Co. raised its position in Carnival by 188.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,115 shares of the company’s stock worth $28,000 after acquiring an additional 729 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Carnival by 70.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,671 shares of the company’s stock valued at $43,000 after acquiring an additional 688 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of Carnival by 36.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,717 shares of the company’s stock valued at $44,000 after purchasing an additional 459 shares in the last quarter. Finally, Traub Capital Management LLC bought a new position in shares of Carnival during the 2nd quarter valued at about $81,000. Institutional investors own 23.80% of the company’s stock.

Carnival Stock Down 1.5%

CUK stock opened at $27.94 on Thursday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.32 and a quick ratio of 0.28. The firm has a market capitalization of $5.27 billion, a P/E ratio of 13.97 and a beta of 2.46. Carnival Corporation has a 52-week low of $13.65 and a 52-week high of $33.72. The company’s 50 day simple moving average is $30.70 and its 200-day simple moving average is $27.91.

Carnival (NYSE:CUK) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $0.19 earnings per share for the quarter. The firm had revenue of $6.33 billion for the quarter. Carnival had a net margin of 10.37% and a return on equity of 28.39%. As a group, equities research analysts anticipate that Carnival Corporation will post 1.7 EPS for the current year.

Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, February 13th. Carnival’s payout ratio is presently 7.50%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CUK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Carnival in a report on Monday, December 29th. Zacks Research upgraded shares of Carnival to a “hold” rating in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Carnival presently has an average rating of “Hold”.

Carnival Company 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.