Carnival Co. & (NYSE:CUK) Reaches New 52-Week High – What’s Next?

Shares of Carnival Co. & plc (NYSE:CUK) hit a new 52-week high on Wednesday . The stock traded as high as $21.87 and last traded at $21.87, with a volume of 508296 shares changing hands. The stock had previously closed at $20.48.

Carnival Co. & Trading Up 6.9 %

The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The firm has a 50-day moving average of $17.22 and a 200-day moving average of $15.52. The firm has a market capitalization of $4.11 billion, a P/E ratio of 19.54 and a beta of 2.71.

Carnival Co. & (NYSE:CUK) last posted its earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter. The firm had revenue of $7.90 billion for the quarter. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%.

Insider Transactions at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the transaction, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CUK. BNP Paribas Financial Markets purchased a new stake in Carnival Co. & during the 1st quarter valued at $76,000. QRG Capital Management Inc. purchased a new stake in Carnival Co. & during the first quarter valued at approximately $1,189,000. Acadian Asset Management LLC bought a new position in Carnival Co. & in the first quarter worth approximately $9,001,000. EntryPoint Capital LLC boosted its stake in shares of Carnival Co. & by 595.8% during the 1st quarter. EntryPoint Capital LLC now owns 2,011 shares of the company’s stock worth $30,000 after acquiring an additional 1,722 shares during the last quarter. Finally, Palliser Capital UK Ltd grew its position in shares of Carnival Co. & by 29.4% during the 2nd quarter. Palliser Capital UK Ltd now owns 310,219 shares of the company’s stock valued at $5,342,000 after acquiring an additional 70,555 shares during the period. 23.80% of the stock is 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.