State of Tennessee Department of Treasury Buys 46,103 Shares of Carnival Co. & plc (NYSE:CUK)

State of Tennessee Department of Treasury raised its stake in Carnival Co. & plc (NYSE:CUK) by 48.9% in the 4th quarter, HoldingsChannel reports. The firm owned 140,449 shares of the company’s stock after acquiring an additional 46,103 shares during the quarter. State of Tennessee Department of Treasury’s holdings in Carnival Co. & were worth $3,162,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Carnival Co. & in the 4th quarter valued at about $132,714,000. Arrowstreet Capital Limited Partnership grew its stake in Carnival Co. & by 4.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,061,521 shares of the company’s stock valued at $68,915,000 after acquiring an additional 136,764 shares during the period. Renaissance Technologies LLC grew its stake in Carnival Co. & by 2.2% in the fourth quarter. Renaissance Technologies LLC now owns 2,673,700 shares of the company’s stock valued at $60,185,000 after acquiring an additional 58,600 shares during the period. ABC Arbitrage SA bought a new stake in shares of Carnival Co. & during the fourth quarter valued at approximately $15,184,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Carnival Co. & during the fourth quarter worth approximately $9,435,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Carnival Co. & Stock Performance

NYSE CUK opened at $16.90 on Friday. The company has a market cap of $3.17 billion, a P/E ratio of 12.16 and a beta of 2.47. The company has a fifty day simple moving average of $18.16 and a 200 day simple moving average of $20.87. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 12-month low of $12.65 and a 12-month high of $26.14.

Carnival Co. & (NYSE:CUK) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $6.19 billion. Sell-side analysts predict that Carnival Co. & plc will post 1.7 earnings per share for the current fiscal year.

Carnival Co. & Company 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.