Jane Street Group LLC cut its stake in Carnival Co. & plc (NYSE:CUK – Free Report) by 32.9% in the third quarter, HoldingsChannel reports. The fund owned 41,427 shares of the company’s stock after selling 20,298 shares during the period. Jane Street Group LLC’s holdings in Carnival Co. & were worth $691,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of CUK. Renaissance Technologies LLC raised its holdings in Carnival Co. & by 13.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,360,800 shares of the company’s stock worth $40,653,000 after buying an additional 281,300 shares during the period. Two Sigma Advisers LP lifted its position in Carnival Co. & by 52.4% in the 3rd quarter. Two Sigma Advisers LP now owns 774,200 shares of the company’s stock valued at $12,906,000 after acquiring an additional 266,200 shares in the last quarter. Millennium Management LLC boosted its stake in Carnival Co. & by 20.0% in the 2nd quarter. Millennium Management LLC now owns 1,061,079 shares of the company’s stock worth $18,272,000 after purchasing an additional 177,207 shares during the period. Maven Securities LTD bought a new position in Carnival Co. & during the 3rd quarter worth about $2,110,000. Finally, Anthracite Investment Company Inc. acquired a new stake in shares of Carnival Co. & in the 3rd quarter valued at about $1,872,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.
Carnival Co. & Price Performance
NYSE CUK opened at $22.00 on Friday. Carnival Co. & plc has a 12-month low of $12.50 and a 12-month high of $24.66. The firm’s 50 day moving average is $22.49 and its 200-day moving average is $18.24. The company has a market capitalization of $4.13 billion, a PE ratio of 19.64 and a beta of 2.70. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10.
Insiders Place Their Bets
In other news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the transaction, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.08% of the company’s stock.
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.
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