Carnival Co. & (NYSE:CUK) Hits New 1-Year High – Here’s Why

Carnival Co. & plc (NYSE:CUK)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $23.12 and last traded at $23.05, with a volume of 199864 shares changing hands. The stock had previously closed at $22.73.

Carnival Co. & Price Performance

The stock has a 50 day simple moving average of $19.53 and a two-hundred day simple moving average of $16.53. The firm has a market cap of $4.26 billion, a PE ratio of 20.25 and a beta of 2.71. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30.

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

Insider Activity at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the company’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 completion of the transaction, the director now owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.08% of the company’s stock.

Institutional Trading of Carnival Co. &

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. acquired a new position in shares of Carnival Co. & during the second quarter valued at approximately $40,000. Point72 Asset Management L.P. acquired a new position in Carnival Co. & in the 2nd quarter valued at $48,000. Signaturefd LLC raised 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 purchasing an additional 2,053 shares during the last quarter. Aigen Investment Management LP purchased a new position in Carnival Co. & in the 3rd quarter valued at $190,000. Finally, Verition Fund Management LLC acquired a new stake in Carnival Co. & during the 3rd quarter worth $227,000. 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, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.