Carnival Co. & (NYSE:CUK) Stock Price Up 5.4% – Time to Buy?

Carnival Co. & plc (NYSE:CUK) shares traded up 5.4% on Tuesday . The stock traded as high as $24.06 and last traded at $24.55. 669,361 shares were traded during mid-day trading, a decline of 54% from the average session volume of 1,443,836 shares. The stock had previously closed at $23.29.

Carnival Co. & Stock Up 8.1 %

The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 18.06 and a beta of 2.70. The business’s 50-day moving average is $22.94 and its 200-day moving average is $18.96. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

Carnival Co. & (NYSE:CUK) last posted its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. On average, equities analysts predict that Carnival Co. & plc will post 1.7 EPS for the current year.

Institutional Trading of Carnival Co. &

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. American Century Companies Inc. lifted its holdings in Carnival Co. & by 13.0% during the 2nd quarter. American Century Companies Inc. now owns 82,846 shares of the company’s stock worth $1,427,000 after buying an additional 9,529 shares in the last quarter. Bank of Montreal Can bought a new position in Carnival Co. & during the second quarter worth about $1,305,000. Cubist Systematic Strategies LLC grew its stake in Carnival Co. & by 65.6% in the second quarter. Cubist Systematic Strategies LLC now owns 147,010 shares of the company’s stock valued at $2,532,000 after acquiring an additional 58,261 shares during the period. Millennium Management LLC increased its holdings in shares of Carnival Co. & by 20.0% in the second quarter. Millennium Management LLC now owns 1,061,079 shares of the company’s stock worth $18,272,000 after acquiring an additional 177,207 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Carnival Co. & during the 2nd quarter valued at about $48,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

About Carnival Co. &

Carnival Plc operates as a global cruise and vacation company. The firm offers holiday and vacation products to a customer base that is broadly varied in terms of cultures, languages and leisure-time preferences. It operates through the North America and Australia (NAA), Europe and Asia (EA), Cruise Support, and Tour and Other segments.