Carnival Co. & (NYSE:CUK) Shares Gap Up – What’s Next?

Carnival Co. & plc (NYSE:CUK)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $21.05, but opened at $21.63. Carnival Co. & shares last traded at $21.32, with a volume of 663,149 shares changing hands.

Carnival Co. & Trading Up 2.3 %

The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The stock’s 50-day simple moving average is $23.23 and its 200-day simple moving average is $20.03. The firm has a market capitalization of $4.04 billion, a PE ratio of 15.47 and a beta of 2.69.

Carnival Co. & (NYSE:CUK) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. As a group, sell-side analysts expect that Carnival Co. & plc will post 1.7 EPS for the current fiscal year.

Institutional Trading of Carnival Co. &

A number of hedge funds and other institutional investors have recently modified their holdings of CUK. Credit Industriel ET Commercial purchased a new stake in Carnival Co. & during the 4th quarter valued at about $10,243,000. Mackenzie Financial Corp lifted its stake in shares of Carnival Co. & by 584.9% in the 4th quarter. Mackenzie Financial Corp now owns 102,526 shares of the company’s stock worth $2,308,000 after purchasing an additional 87,557 shares during the period. Voloridge Investment Management LLC bought a new position in shares of Carnival Co. & in the 4th quarter worth approximately $16,380,000. Vident Advisory LLC purchased a new stake in Carnival Co. & in the 4th quarter worth approximately $358,000. Finally, Squarepoint Ops LLC purchased a new stake in Carnival Co. & in the 4th quarter worth approximately $217,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

About Carnival Co. &

Carnival Plc operates as a global cruise and vacation company. The firm offers holiday and vacation products to a customer base that is broadly varied in terms of cultures, languages and leisure-time preferences. It operates through the North America and Australia (NAA), Europe and Asia (EA), Cruise Support, and Tour and Other segments.