Carnival Co. & (NYSE:CUK) Reaches New 12-Month High – What’s Next?

Carnival Co. & plc (NYSE:CUK)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.71 and last traded at $22.63, with a volume of 625161 shares changing hands. The stock had previously closed at $22.25.

Carnival Co. & Stock Up 2.0 %

The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. The stock has a market cap of $4.26 billion, a P/E ratio of 19.93 and a beta of 2.71. The firm has a 50 day simple moving average of $18.50 and a 200-day simple moving average of $16.06.

Carnival Co. & (NYSE:CUK) last issued its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share for the quarter. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company had revenue of $7.90 billion for the quarter.

Insider Activity

In related news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the sale, the director now directly owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.08% of the stock is currently owned by company insiders.

Institutional Trading of Carnival Co. &

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. 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 purchasing an additional 266,200 shares during the period. Maven Securities LTD acquired a new stake in shares of Carnival Co. & in the 3rd quarter worth about $2,110,000. Verition Fund Management LLC purchased a new position in shares of Carnival Co. & during the third quarter valued at approximately $227,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Carnival Co. & by 76.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 48,045 shares of the company’s stock worth $801,000 after buying an additional 20,746 shares during the last quarter. Finally, Landscape Capital Management L.L.C. boosted its stake in Carnival Co. & by 8.2% in the third quarter. Landscape Capital Management L.L.C. now owns 238,440 shares of the company’s stock valued at $3,975,000 after acquiring an additional 18,129 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

About Carnival Co. &

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.