Carnival Co. & (NYSE:CUK) Shares Down 8.4% – Time to Sell?

Carnival Co. & plc (NYSE:CUK) shares traded down 8.4% during mid-day trading on Thursday . The stock traded as low as $21.26 and last traded at $21.57. 1,094,261 shares traded hands during trading, a decline of 33% from the average session volume of 1,621,877 shares. The stock had previously closed at $23.54.

Carnival Co. & Trading Down 6.2 %

The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 15.84 and a beta of 2.69. The company’s fifty day moving average price is $23.32 and its 200-day moving average price is $19.93.

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

Institutional Investors Weigh In On Carnival Co. &

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Carnival Co. & by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock valued at $66,000 after buying an additional 652 shares during the last quarter. Blue Trust Inc. boosted its position in Carnival Co. & by 34.6% in the 3rd quarter. Blue Trust Inc. now owns 3,120 shares of the company’s stock worth $54,000 after purchasing an additional 802 shares in the last quarter. Signaturefd LLC boosted its position in Carnival Co. & by 10.6% in the 3rd quarter. Signaturefd LLC now owns 6,270 shares of the company’s stock worth $105,000 after purchasing an additional 599 shares in the last quarter. Legal & General Group Plc boosted its position in Carnival Co. & by 106.2% in the 4th quarter. Legal & General Group Plc now owns 6,917 shares of the company’s stock worth $156,000 after purchasing an additional 3,562 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Carnival Co. & in the 4th quarter worth approximately $158,000. Hedge funds and other institutional investors 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.