Carnival Co. & (NYSE:CUK) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Carnival Co. & plc (NYSE:CUK) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.14 and traded as high as $19.70. Carnival Co. & shares last traded at $19.60, with a volume of 1,398,783 shares traded.

Carnival Co. & Stock Performance

The company has a market capitalization of $3.58 billion, a P/E ratio of 17.04 and a beta of 2.74. The business has a 50 day moving average of $16.34 and a 200 day moving average of $15.17. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10.

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

Hedge Funds Weigh In On Carnival Co. &

A number of institutional investors and hedge funds have recently modified their holdings of CUK. International Assets Investment Management LLC bought a new stake in Carnival Co. & in the third quarter worth $7,030,000. Signaturefd LLC lifted its holdings in shares of Carnival Co. & by 10.6% in the 3rd quarter. Signaturefd LLC now owns 6,270 shares of the company’s stock worth $105,000 after acquiring an additional 599 shares during the last quarter. 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 purchasing an additional 802 shares during the period. Cubist Systematic Strategies LLC grew its holdings in Carnival Co. & by 65.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 147,010 shares of the company’s stock valued at $2,532,000 after purchasing an additional 58,261 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Carnival Co. & in the 2nd quarter worth about $48,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

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.