Carnival Co. & (NYSE:CUK) Stock Price Down 3.8%

Carnival Co. & plc (NYSE:CUK) fell 3.8% during mid-day trading on Thursday . The company traded as low as $15.73 and last traded at $16.05. 1,946,720 shares were traded during mid-day trading, a decline of 4% from the average session volume of 2,027,885 shares. The stock had previously closed at $16.68.

Carnival Co. & Stock Performance

The company has a market cap of $2.94 billion, a PE ratio of 25.65 and a beta of 2.74. The stock has a 50 day simple moving average of $15.35 and a two-hundred day simple moving average of $14.64. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24.

Carnival Co. & (NYSE:CUK) last announced its earnings results on Tuesday, June 25th. The company reported $0.11 EPS for the quarter. The business had revenue of $5.78 billion for the quarter. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. During the same period in the previous year, the firm earned ($0.31) earnings per share.

Institutional Trading of Carnival Co. &

Several institutional investors and hedge funds have recently added to or reduced their stakes in CUK. Norges Bank purchased a new position in Carnival Co. & in the 4th quarter valued at $51,128,000. Acadian Asset Management LLC purchased a new stake in shares of Carnival Co. & in the first quarter valued at approximately $9,001,000. Jump Financial LLC acquired a new position in Carnival Co. & during the fourth quarter worth $2,553,000. International Assets Investment Management LLC acquired a new position in Carnival Co. & during the fourth quarter worth $18,510,000. Finally, QRG Capital Management Inc. purchased a new position in Carnival Co. & in the first quarter worth $1,189,000. 23.80% of the stock is 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.