Mackenzie Financial Corp Cuts Stock Position in Carnival Co. & plc (NYSE:CUK)

Mackenzie Financial Corp cut its position in Carnival Co. & plc (NYSE:CUK - Free Report) by 94.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,348 shares of the company's stock after selling 351,358 shares during the period. Mackenzie Financial Corp's holdings in Carnival Co. & were worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CUK. Virtu Financial LLC purchased a new stake in shares of Carnival Co. & in the fourth quarter worth $210,000. BNP Paribas Financial Markets purchased a new position in Carnival Co. & during the first quarter valued at $76,000. QRG Capital Management Inc. purchased a new position in Carnival Co. & during the first quarter valued at $1,189,000. Acadian Asset Management LLC purchased a new position in Carnival Co. & during the first quarter valued at $9,001,000. Finally, EntryPoint Capital LLC grew its stake in Carnival Co. & by 595.8% during the first quarter. EntryPoint Capital LLC now owns 2,011 shares of the company's stock valued at $30,000 after acquiring an additional 1,722 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

Shares of NYSE:CUK traded up $0.04 on Monday, reaching $16.40. The company's stock had a trading volume of 2,125,996 shares, compared to its average volume of 2,006,081. Carnival Co. & plc has a 52-week low of $9.77 and a 52-week high of $17.95. The company has a market cap of $3.08 billion, a P/E ratio of 25.22 and a beta of 2.74. The company has a 50-day simple moving average of $15.10 and a 200 day simple moving average of $14.80. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.24 and a current ratio of 0.30.

Carnival Co. & (NYSE:CUK - Get Free Report) last released its earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter. The firm had revenue of $7.90 billion during the quarter. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. As a group, equities research analysts anticipate that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Carnival Co. & Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.