Carnival Co. & (NYSE:CUK) Trading Down 2.4%

Carnival Co. & plc (NYSE:CUK)’s share price fell 2.4% on Thursday . The stock traded as low as $15.18 and last traded at $15.25. 599,138 shares were traded during trading, a decline of 71% from the average session volume of 2,079,539 shares. The stock had previously closed at $15.62.

Carnival Co. & Stock Performance

The company has a 50-day simple moving average of $14.61 and a two-hundred day simple moving average of $13.89. The firm has a market capitalization of $2.75 billion, a P/E ratio of -130.07 and a beta of 2.59. The company has a debt-to-equity ratio of 4.14, a quick ratio of 0.41 and a current ratio of 0.46.

Insider Activity

In other news, CFO David Bernstein sold 34,020 shares of Carnival Co. & stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $17.05, for a total transaction of $580,041.00. Following the completion of the transaction, the chief financial officer now directly owns 335,976 shares in the company, valued at $5,728,390.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On Carnival Co. &

Several large investors have recently made changes to their positions in CUK. Cetera Advisor Networks LLC raised its holdings in Carnival Co. & by 8.4% in the 2nd quarter. Cetera Advisor Networks LLC now owns 14,882 shares of the company’s stock worth $118,000 after acquiring an additional 1,154 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Carnival Co. & by 15.0% in the 2nd quarter. Osaic Holdings Inc. now owns 9,653 shares of the company’s stock worth $164,000 after acquiring an additional 1,257 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Carnival Co. & by 131.3% in the 4th quarter. Quadrant Capital Group LLC now owns 3,300 shares of the company’s stock worth $56,000 after acquiring an additional 1,873 shares during the last quarter. LPL Financial LLC raised its holdings in Carnival Co. & by 5.3% in the 3rd quarter. LPL Financial LLC now owns 37,189 shares of the company’s stock worth $456,000 after acquiring an additional 1,879 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new position in Carnival Co. & in the 4th quarter worth approximately $33,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Company Profile

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 and private islands, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.