Carnival PLC (NYSE:CUK) shares traded down 2.5% on Friday . The company traded as low as $45.75 and last traded at $46.04, with a volume of 446,388 shares. The stock had previously closed at $47.24.

Separately, Zacks Investment Research lowered Carnival PLC from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.

The stock has a market cap of $34.34 billion and a P/E ratio of 15.88. The company has a 50 day moving average price of $47.65 and a 200-day moving average price of $50.26.

In other Carnival PLC news, CEO Michael Olaf Thamm sold 9,590 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of GBX 49.58 ($0.64), for a total transaction of £4,754.72 ($6,167.75). Following the transaction, the chief executive officer now owns 52,721 shares of the company’s stock, valued at approximately £26,139.07 ($33,907.21). The transaction was disclosed in a document filed with the SEC, which is available at this link.

Other hedge funds recently made changes to their positions in the company. Cibc World Markets Corp bought a new stake in shares of Carnival PLC during the fourth quarter valued at about $23,802,000. Todd Asset Management LLC increased its stake in shares of Carnival PLC by 77.9% in the fourth quarter. Todd Asset Management LLC now owns 298,820 shares of the company’s stock valued at $17,009,000 after buying an additional 130,862 shares during the period. Sei Investments Co. increased its stake in shares of Carnival PLC by 343.8% in the fourth quarter. Sei Investments Co. now owns 54,532 shares of the company’s stock valued at $3,104,000 after buying an additional 42,245 shares during the period. Morgan Stanley increased its stake in shares of Carnival PLC by 31.9% in the fourth quarter. Morgan Stanley now owns 51,694 shares of the company’s stock valued at $2,942,000 after buying an additional 12,515 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Carnival PLC by 7,092.6% in the fourth quarter. Bank of Montreal Can now owns 37,689 shares of the company’s stock valued at $2,145,000 after buying an additional 37,165 shares during the period.

Carnival plc is a leisure travel company. The Company’s segments include North America, and Europe, and Australia & Asia (EAA). Its North America segment includes Carnival Cruise Lines, Princess Cruises (Princess), Holland America Line and Seabourn. Its EAA segment includes Costa Cruises (Costa), AIDA Cruises (AIDA), P&O Cruises (United Kingdom), P&O Cruises (Australia) and Cunard.

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