Integrated Quantitative Investments LLC Takes $910,000 Position in Carnival Corporation $CUK

Integrated Quantitative Investments LLC purchased a new stake in shares of Carnival Corporation (NYSE:CUK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 34,410 shares of the company’s stock, valued at approximately $910,000.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Carnival during the 2nd quarter valued at about $152,130,000. Bank of Montreal Can boosted its holdings in shares of Carnival by 417.0% during the second quarter. Bank of Montreal Can now owns 1,611,280 shares of the company’s stock worth $41,104,000 after purchasing an additional 1,299,639 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Carnival by 35.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,426,923 shares of the company’s stock valued at $61,911,000 after purchasing an additional 628,995 shares in the last quarter. Optiver Holding B.V. increased its stake in Carnival by 124.4% in the 3rd quarter. Optiver Holding B.V. now owns 728,577 shares of the company’s stock valued at $19,264,000 after buying an additional 403,937 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Carnival by 64.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 585,151 shares of the company’s stock valued at $15,477,000 after buying an additional 228,358 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Carnival Price Performance

Shares of NYSE:CUK opened at $27.94 on Thursday. The stock has a market capitalization of $5.27 billion, a P/E ratio of 13.97 and a beta of 2.46. The business has a 50-day moving average of $30.70 and a two-hundred day moving average of $27.91. Carnival Corporation has a fifty-two week low of $13.65 and a fifty-two week high of $33.72. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.32 and a quick ratio of 0.28.

Carnival (NYSE:CUK) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $0.19 EPS for the quarter. Carnival had a return on equity of 28.39% and a net margin of 10.37%.The business had revenue of $6.33 billion for the quarter. On average, equities research analysts predict that Carnival Corporation will post 1.7 EPS for the current fiscal year.

Carnival Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. Carnival’s dividend payout ratio (DPR) is currently 7.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CUK shares. Zacks Research raised shares of Carnival to a “hold” rating in a research note on Thursday, January 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Carnival in a research report on Monday, December 29th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

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.