Carnival Co. & (NYSE:CUK) Reaches New 52-Week High – Here’s Why

Shares of Carnival Co. & plc (NYSE:CUK) 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. The stock had previously closed at $22.25.

Carnival Co. & Stock Performance

The firm has a fifty day moving average of $18.82 and a 200-day moving average of $16.20. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 20.23 and a beta of 2.71. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10.

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

Insider Transactions at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the transaction, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On Carnival Co. &

Institutional investors have recently added to or reduced their stakes in the business. EntryPoint Capital LLC increased its stake in Carnival Co. & by 595.8% in the first 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 last quarter. Blue Trust Inc. acquired a new position in Carnival Co. & in the second quarter valued at $40,000. Point72 Asset Management L.P. acquired a new position in Carnival Co. & in the second quarter valued at $48,000. BNP Paribas Financial Markets acquired a new position in Carnival Co. & in the first quarter valued at $76,000. Finally, Signaturefd LLC increased its stake in Carnival Co. & by 56.7% in the second quarter. Signaturefd LLC now owns 5,671 shares of the company’s stock valued at $98,000 after purchasing an additional 2,053 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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