Carnival Co. & (NYSE:CUK) Trading 5.4% Higher – Time to Buy?

Shares of Carnival Co. & plc (NYSE:CUK) were up 5.4% on Tuesday . The stock traded as high as $24.06 and last traded at $24.55. Approximately 669,361 shares changed hands during trading, a decline of 54% from the average daily volume of 1,443,836 shares. The stock had previously closed at $23.29.

Carnival Co. & Stock Performance

The firm has a market capitalization of $4.72 billion, a P/E ratio of 18.06 and a beta of 2.70. The stock has a fifty day moving average of $22.94 and a 200-day moving average of $18.96. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CUK) last posted its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) 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 EPS for the current year.

Hedge Funds Weigh In On Carnival Co. &

Several hedge funds and other institutional investors have recently made changes to their positions in CUK. Blue Trust Inc. boosted its stake in shares of Carnival Co. & by 18.7% during the 4th quarter. Blue Trust Inc. now owns 3,703 shares of the company’s stock worth $83,000 after acquiring an additional 583 shares during the period. GAMMA Investing LLC boosted its position in Carnival Co. & by 28.7% during the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $66,000 after purchasing an additional 652 shares during the period. Two Sigma Advisers LP increased its holdings in shares of Carnival Co. & by 52.4% in the third quarter. Two Sigma Advisers LP now owns 774,200 shares of the company’s stock valued at $12,906,000 after purchasing an additional 266,200 shares during the last quarter. Maven Securities LTD bought a new position in shares of Carnival Co. & in the third quarter valued at about $2,110,000. Finally, Verition Fund Management LLC bought a new position in shares of Carnival Co. & in the third quarter valued at about $227,000. 23.80% of the stock is owned by institutional investors.

About Carnival Co. &

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.