Carnival Co. & (NYSE:CUK) Trading Up 5.4% – What’s Next?

Carnival Co. & plc (NYSE:CUK)’s stock price shot up 5.4% during trading on Tuesday . The stock traded as high as $24.06 and last traded at $24.55. 669,361 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 1,443,836 shares. The stock had previously closed at $23.29.

Carnival Co. & Trading Up 0.8 %

The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 18.34 and a beta of 2.70. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The company’s fifty day simple moving average is $23.01 and its two-hundred day simple moving average is $19.07.

Carnival Co. & (NYSE:CUK) last posted its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Research analysts forecast that Carnival Co. & plc will post 1.7 earnings per share for the current fiscal year.

Institutional Trading of Carnival Co. &

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. bought a new position in Carnival Co. & in the second quarter valued at $48,000. Blue Trust Inc. boosted its stake in shares of Carnival Co. & by 34.6% during the 3rd quarter. Blue Trust Inc. now owns 3,120 shares of the company’s stock worth $54,000 after buying an additional 802 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Carnival Co. & by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock valued at $66,000 after acquiring an additional 652 shares in the last quarter. Signaturefd LLC increased its position in shares of Carnival Co. & by 10.6% in the third quarter. Signaturefd LLC now owns 6,270 shares of the company’s stock valued at $105,000 after acquiring an additional 599 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in Carnival Co. & during the third quarter valued at approximately $190,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Company Profile

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.