Carnival Co. & (NYSE:CUK) Sees Strong Trading Volume – Here’s Why

Shares of Carnival Co. & plc (NYSE:CUK) saw unusually-high trading volume on Friday . Approximately 2,707,476 shares traded hands during mid-day trading, an increase of 53% from the previous session’s volume of 1,767,342 shares.The stock last traded at $18.37 and had previously closed at $19.03.

Carnival Co. & Stock Down 0.5 %

The company has a market cap of $3.55 billion, a P/E ratio of 13.62 and a beta of 2.72. 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 has a fifty day moving average of $22.72 and a 200 day moving average of $20.53.

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

Institutional Investors Weigh In On Carnival Co. &

Large investors have recently made changes to their positions in the company. Norges Bank bought a new stake in Carnival Co. & in the 4th quarter worth approximately $132,714,000. Aristeia Capital L.L.C. lifted its position in Carnival Co. & by 13.5% during the fourth quarter. Aristeia Capital L.L.C. now owns 12,130,485 shares of the company’s stock valued at $273,057,000 after purchasing an additional 1,445,944 shares during the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Carnival Co. & in the 4th quarter worth $16,380,000. ABC Arbitrage SA bought a new stake in shares of Carnival Co. & in the 4th quarter worth about $15,184,000. Finally, Credit Industriel ET Commercial purchased a new stake in shares of Carnival Co. & during the 4th quarter valued at about $10,243,000. 23.80% of the stock is owned by institutional investors.

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.