Carnival Co. & (NYSE:CUK) Sees Large Volume Increase – Time to Buy?

Shares of Carnival Co. & plc (NYSE:CUK) saw strong trading volume on Friday . 2,707,476 shares traded hands during mid-day trading, an increase of 53% from the previous session’s volume of 1,767,342 shares.The stock last traded at $18.37 and had previously closed at $19.03.

Carnival Co. & Trading Down 0.6 %

The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 13.61 and a beta of 2.69. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The company has a fifty day moving average of $22.80 and a two-hundred day moving average of $20.50.

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

Hedge Funds Weigh In On Carnival Co. &

Large investors have recently made changes to their positions in the business. Two Sigma Advisers LP lifted its holdings in shares of Carnival Co. & by 52.4% during the third quarter. Two Sigma Advisers LP now owns 774,200 shares of the company’s stock worth $12,906,000 after buying an additional 266,200 shares during the last quarter. GAMMA Investing LLC increased its position in Carnival Co. & by 28.7% during the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $66,000 after acquiring an additional 652 shares during the period. Blue Trust Inc. raised its stake in Carnival Co. & by 18.7% during the 4th quarter. Blue Trust Inc. now owns 3,703 shares of the company’s stock valued at $83,000 after purchasing an additional 583 shares during the last quarter. ABC Arbitrage SA bought a new stake in Carnival Co. & in the 4th quarter valued at $15,184,000. Finally, Anthracite Investment Company Inc. bought a new position in shares of Carnival Co. & during the 3rd quarter worth about $1,872,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

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.