Hsbc Holdings PLC Has $2.30 Million Stock Position in Carnival Co. & plc (NYSE:CUK)

Hsbc Holdings PLC raised its stake in Carnival Co. & plc (NYSE:CUK) by 89.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 134,370 shares of the company’s stock after acquiring an additional 63,534 shares during the period. Hsbc Holdings PLC’s holdings in Carnival Co. & were worth $2,300,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Qtron Investments LLC bought a new stake in Carnival Co. & in the 4th quarter valued at $201,000. Seven Eight Capital LP boosted its position in shares of Carnival Co. & by 11.3% during the fourth quarter. Seven Eight Capital LP now owns 133,568 shares of the company’s stock worth $2,252,000 after buying an additional 13,593 shares during the period. Virtu Financial LLC acquired a new position in shares of Carnival Co. & during the fourth quarter worth about $210,000. BNP Paribas Financial Markets bought a new position in shares of Carnival Co. & during the first quarter worth about $76,000. Finally, QRG Capital Management Inc. acquired a new stake in Carnival Co. & in the 1st quarter valued at approximately $1,189,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Carnival Co. & Trading Up 3.8 %

NYSE CUK opened at $16.96 on Friday. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 26.09 and a beta of 2.74. Carnival Co. & plc has a 52 week low of $9.77 and a 52 week high of $17.95. The stock’s 50 day moving average price is $15.12 and its two-hundred day moving average price is $14.72. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28.

Carnival Co. & (NYSE:CUK) last announced its earnings results on Tuesday, June 25th. The company reported $0.11 EPS for the quarter. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The business had revenue of $5.78 billion during the quarter. During the same quarter in the previous year, the company posted ($0.31) EPS.

Carnival Co. & Company 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.