Short Interest in Carnival plc (NYSE:CUK) Rises By 12.3%
Carnival plc (NYSE:CUK) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 987,700 shares, an increase of 12.3% from the July 31st total of 879,300 shares. Based on an average daily volume of 442,000 shares, the short-interest ratio is presently 2.2 days. Currently, 0.5% of the shares of the company are sold short.
In other Carnival news, CEO Arnold W. Donald purchased 22,050 shares of the stock in a transaction dated Tuesday, June 25th. The shares were bought at an average price of $45.23 per share, with a total value of $997,321.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Randall J. Weisenburger purchased 20,000 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was acquired at an average cost of $46.50 per share, for a total transaction of $930,000.00. The disclosure for this purchase can be found here. Insiders own 0.03% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. State of Wisconsin Investment Board grew its stake in Carnival by 4.5% during the first quarter. State of Wisconsin Investment Board now owns 2,289,935 shares of the company’s stock valued at $114,062,000 after acquiring an additional 98,378 shares in the last quarter. Aperio Group LLC grew its stake in Carnival by 8.8% during the second quarter. Aperio Group LLC now owns 941,278 shares of the company’s stock valued at $42,612,000 after acquiring an additional 76,344 shares in the last quarter. Renaissance Technologies LLC grew its stake in Carnival by 25.8% during the second quarter. Renaissance Technologies LLC now owns 806,700 shares of the company’s stock valued at $36,519,000 after acquiring an additional 165,400 shares in the last quarter. Todd Asset Management LLC grew its stake in Carnival by 7.6% during the second quarter. Todd Asset Management LLC now owns 444,999 shares of the company’s stock valued at $20,145,000 after acquiring an additional 31,591 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Carnival by 0.3% during the first quarter. Marshall Wace LLP now owns 431,110 shares of the company’s stock valued at $21,473,000 after acquiring an additional 1,324 shares in the last quarter. 5.90% of the stock is owned by institutional investors.
Carnival (NYSE:CUK) last posted its quarterly earnings results on Thursday, June 20th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.08. Carnival had a net margin of 15.09% and a return on equity of 12.15%. The company had revenue of $4.84 billion for the quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 23rd will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, August 22nd. This represents a $2.00 annualized dividend and a yield of 4.13%. Carnival’s dividend payout ratio is currently 46.95%.
Carnival plc operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.
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