Carnival Co. & (NYSE:CUK) Reaches New 52-Week High – Here’s Why

Carnival Co. & plc (NYSE:CUK)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $22.71 and last traded at $22.63, with a volume of 625161 shares traded. The stock had previously closed at $22.25.

Carnival Co. & Stock Down 0.2 %

The business has a 50 day moving average of $18.82 and a 200-day moving average of $16.20. The stock has a market cap of $4.25 billion, a PE ratio of 20.23 and a beta of 2.71. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10.

Carnival Co. & (NYSE:CUK) last announced its earnings results on Monday, September 30th. The company reported $1.27 earnings per share 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 for the quarter.

Insider Buying and Selling at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the sale, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.08% of the company’s stock.

Institutional Trading of Carnival Co. &

Institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its holdings in Carnival Co. & by 13.5% during the second quarter. Renaissance Technologies LLC now owns 2,360,800 shares of the company’s stock worth $40,653,000 after purchasing an additional 281,300 shares during the last quarter. Millennium Management LLC raised its holdings in Carnival Co. & by 20.0% during the second quarter. Millennium Management LLC now owns 1,061,079 shares of the company’s stock worth $18,272,000 after purchasing an additional 177,207 shares during the last quarter. Two Sigma Advisers LP raised its holdings in Carnival Co. & by 52.4% during the third quarter. Two Sigma Advisers LP now owns 774,200 shares of the company’s stock worth $12,906,000 after purchasing an additional 266,200 shares during the last quarter. Palliser Capital UK Ltd raised its holdings in Carnival Co. & by 29.4% during the second quarter. Palliser Capital UK Ltd now owns 310,219 shares of the company’s stock worth $5,342,000 after purchasing an additional 70,555 shares during the last quarter. Finally, Landscape Capital Management L.L.C. raised its holdings in Carnival Co. & by 8.2% during the third quarter. Landscape Capital Management L.L.C. now owns 238,440 shares of the company’s stock worth $3,975,000 after purchasing an additional 18,129 shares during the last quarter. 23.80% of the stock is currently 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.