Black Creek Investment Management Increased By $10.61 Million Its Carnival (CCL) Stake; Permian Basin Royalty Trust Has 0.84 Sentiment

February 24, 2018 - By Ellis Scott

Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various gas and oil properties in the United States. The company has market cap of $438.12 million. The firm owns a 75% net overriding royalty interest in the Waddell Ranch properties comprising Dune, Judkins, McKnight, Tubb, University-Waddell, and Waddell fields located in Crane County, Texas. It has a 15.02 P/E ratio. As of December 31, 2016, its Waddell Ranch properties contained 349 net productive oil wells, 64 net productive gas wells, and 102 net injection wells.

Black Creek Investment Management Inc increased Carnival Corp (CCL) stake by 14.86% reported in 2017Q3 SEC filing. Black Creek Investment Management Inc acquired 165,788 shares as Carnival Corp (CCL)’s stock rose 11.01%. The Black Creek Investment Management Inc holds 1.28M shares with $82.74 million value, up from 1.12M last quarter. Carnival Corp now has $49.20 billion valuation. The stock increased 0.82% or $0.56 during the last trading session, reaching $68.76. About 2.04M shares traded. Carnival Corporation (NYSE:CCL) has risen 24.12% since February 24, 2017 and is uptrending. It has outperformed by 7.42% the S&P500.

The stock increased 0.86% or $0.08 during the last trading session, reaching $9.4. About 95,985 shares traded. Permian Basin Royalty Trust (PBT) has risen 49.85% since February 24, 2017 and is uptrending. It has outperformed by 33.15% the S&P500.

Foundation Resource Management Inc holds 1.75% of its portfolio in Permian Basin Royalty Trust for 1.21 million shares. Hawkins Capital L.P. owns 72,400 shares or 0.26% of their US portfolio. Moreover, Mraz Amerine & Associates Inc. has 0.21% invested in the company for 74,750 shares. The New Jersey-based Lucas Capital Management has invested 0.17% in the stock. Horizon Kinetics Llc, a New York-based fund reported 493,542 shares.

Since October 16, 2017, it had 0 insider purchases, and 16 insider sales for $15.26 million activity. Bernstein David had sold 4,340 shares worth $299,957. $588,852 worth of stock was sold by PEREZ ARNALDO on Tuesday, February 13. Another trade for 8,000 shares valued at $573,278 was made by DONALD ARNOLD W on Thursday, February 1. Shares for $267,226 were sold by BAND SIR JONATHON on Tuesday, January 16. KRUSE STEIN sold $1.49 million worth of Carnival Corporation (NYSE:CCL) on Friday, January 12. $288,874 worth of stock was sold by GLASIER RICHARD on Monday, January 22.

Black Creek Investment Management Inc decreased Cameco Corp (NYSE:CCJ) stake by 50,000 shares to 3.58 million valued at $34.48M in 2017Q3. It also reduced Haemonetics Corp (NYSE:HAE) stake by 783,739 shares and now owns 649,748 shares. Inovalon Hldgs Inc was reduced too.

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