Carnival Co. & (NYSE:CUK) Shares Down 5.2% – Here’s What Happened

Carnival Co. & plc (NYSE:CUK)’s share price was down 5.2% during mid-day trading on Monday . The company traded as low as $23.00 and last traded at $23.05. Approximately 529,019 shares traded hands during trading, a decline of 72% from the average daily volume of 1,912,691 shares. The stock had previously closed at $24.32.

Carnival Co. & Stock Performance

The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. The firm has a market capitalization of $4.35 billion, a P/E ratio of 20.70 and a beta of 2.72. The company’s 50 day moving average is $21.79 and its 200-day moving average is $17.69.

Carnival Co. & (NYSE:CUK) last released 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 6.39% and a return on equity of 22.30%.

Insider Buying and Selling

In other news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the sale, the director now owns 65,789 shares in the company, valued at $1,428,937.08. This represents a 21.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by company insiders.

Institutional Investors Weigh In On Carnival Co. &

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in shares of Carnival Co. & by 56.7% during the 2nd quarter. Signaturefd LLC now owns 5,671 shares of the company’s stock valued at $98,000 after purchasing an additional 2,053 shares during the last quarter. American Century Companies Inc. lifted its stake in Carnival Co. & by 13.0% in the second quarter. American Century Companies Inc. now owns 82,846 shares of the company’s stock valued at $1,427,000 after purchasing an additional 9,529 shares during the last quarter. Renaissance Technologies LLC grew 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 valued at $40,653,000 after purchasing an additional 281,300 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of Carnival Co. & by 14.5% in the second quarter. Mercer Global Advisors Inc. ADV now owns 51,322 shares of the company’s stock valued at $884,000 after buying an additional 6,517 shares during the period. Finally, Hsbc Holdings PLC lifted its position in shares of Carnival Co. & by 89.7% during the 2nd quarter. Hsbc Holdings PLC now owns 134,370 shares of the company’s stock valued at $2,300,000 after buying an additional 63,534 shares during the last quarter. 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.