Carnival Co. & (NYSE:CUK) Reaches New 1-Year High – Here’s What Happened

Shares of Carnival Co. & plc (NYSE:CUK) 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 trading hands. The stock had previously closed at $22.73.

Carnival Co. & Stock Up 1.5 %

The business’s 50 day simple moving average is $19.26 and its 200 day simple moving average is $16.39. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The firm has a market capitalization of $4.33 billion, a PE ratio of 20.29 and a beta of 2.71.

Carnival Co. & (NYSE:CUK) last released its quarterly earnings results on Monday, September 30th. The company reported $1.27 EPS 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 Activity

In related news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Institutional Trading of Carnival Co. &

Institutional investors have recently added to or reduced their stakes in the company. 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 worth $30,000 after purchasing an additional 1,722 shares during the period. QRG Capital Management Inc. increased its stake in Carnival Co. & by 18.6% in the 2nd quarter. QRG Capital Management Inc. now owns 95,730 shares of the company’s stock worth $1,648,000 after buying an additional 14,987 shares during the period. Palliser Capital UK Ltd increased its stake in Carnival Co. & by 29.4% in the 2nd quarter. Palliser Capital UK Ltd now owns 310,219 shares of the company’s stock worth $5,342,000 after buying an additional 70,555 shares during the period. Blue Trust Inc. bought a new stake in Carnival Co. & during the 2nd quarter valued at about $40,000. Finally, Signaturefd LLC grew its stake in Carnival Co. & by 56.7% in the 2nd quarter. Signaturefd LLC now owns 5,671 shares of the company’s stock worth $98,000 after acquiring an additional 2,053 shares in the last quarter. 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.