Carnival Co. & (NYSE:CUK) Shares Down 5.2% – Here’s What Happened

Shares of Carnival Co. & plc (NYSE:CUK) were down 5.2% during trading on Monday . The stock traded as low as $23.00 and last traded at $23.05. Approximately 529,019 shares were traded during trading, a decline of 72% from the average daily volume of 1,912,691 shares. The stock had previously closed at $24.32.

Carnival Co. & Price Performance

The firm’s 50 day simple moving average is $21.88 and its two-hundred day simple moving average is $17.75. The firm has a market capitalization of $4.36 billion, a P/E ratio of 20.76 and a beta of 2.72. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26.

Carnival Co. & (NYSE:CUK) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%.

Insider Activity at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the transaction, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Carnival Co. &

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC lifted its position in shares of Carnival Co. & by 65.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 147,010 shares of the company’s stock valued at $2,532,000 after buying an additional 58,261 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Carnival Co. & during the 3rd quarter valued at $7,030,000. Two Sigma Advisers LP boosted its holdings in Carnival Co. & by 52.4% in the 3rd quarter. Two Sigma Advisers LP now owns 774,200 shares of the company’s stock worth $12,906,000 after buying an additional 266,200 shares during the period. Millennium Management LLC increased its stake in Carnival Co. & by 20.0% in the 2nd quarter. Millennium Management LLC now owns 1,061,079 shares of the company’s stock worth $18,272,000 after buying an additional 177,207 shares in the last quarter. Finally, Anthracite Investment Company Inc. bought a new position in shares of Carnival Co. & in the third quarter worth about $1,872,000. 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.