Carnival Co. & (NYSE:CUK) Hits New 1-Year High – What’s Next?

Carnival Co. & plc (NYSE:CUK)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $18.13 and last traded at $18.09, with a volume of 1605672 shares trading hands. The stock had previously closed at $17.18.

Carnival Co. & Stock Up 0.8 %

The firm has a market cap of $3.51 billion, a P/E ratio of 16.70 and a beta of 2.74. The firm’s 50 day moving average is $15.28 and its two-hundred day moving average is $14.87. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10.

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

Hedge Funds Weigh In On Carnival Co. &

Institutional investors have recently modified their holdings of the business. EntryPoint Capital LLC raised its stake in shares of Carnival Co. & by 595.8% in the 1st quarter. EntryPoint Capital LLC now owns 2,011 shares of the company’s stock valued at $30,000 after purchasing an additional 1,722 shares during the period. Signaturefd LLC lifted its stake in Carnival Co. & by 56.7% in the 2nd quarter. Signaturefd LLC now owns 5,671 shares of the company’s stock valued at $98,000 after acquiring an additional 2,053 shares in the last quarter. Blue Trust Inc. bought a new stake in Carnival Co. & in the 2nd quarter valued at approximately $40,000. Point72 Asset Management L.P. acquired a new position in Carnival Co. & during the 2nd quarter worth approximately $48,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Carnival Co. & during the 1st quarter worth approximately $76,000. 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.