Carnival PLC (NYSE:CUK) shares saw unusually-strong trading volume on Wednesday . Approximately 523,776 shares changed hands during trading, a decline of 7% from the previous session’s volume of 565,022 shares.The stock last traded at $47.23 and had previously closed at $46.14.

Separately, Zacks Investment Research downgraded shares of Carnival PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th.

The stock has a market capitalization of $35.18 billion and a PE ratio of 16.27. The stock has a 50-day moving average of $47.43 and a 200-day moving average of $50.03.

In related news, CEO Michael Olaf Thamm sold 9,590 shares of the business’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of GBX 49.58 ($0.66), for a total value of £4,754.72 ($6,305.16). Following the sale, the chief executive officer now directly owns 52,721 shares in the company, valued at approximately £26,139.07 ($34,662.61). The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several hedge funds have added to or reduced their stakes in CUK. Bank of Montreal Can increased its stake in Carnival PLC by 7,092.6% in the fourth quarter. Bank of Montreal Can now owns 37,689 shares of the company’s stock worth $2,145,000 after buying an additional 37,165 shares during the last quarter. Sei Investments Co. increased its stake in Carnival PLC by 343.8% in the fourth quarter. Sei Investments Co. now owns 54,532 shares of the company’s stock worth $3,104,000 after buying an additional 42,245 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new stake in Carnival PLC during the fourth quarter worth approximately $23,802,000.

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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