Carnival Co. & (NYSE:CUK) Stock Price Down 5.9% – What’s Next?

Carnival Co. & plc (NYSE:CUK) shares were down 5.9% during trading on Tuesday . The company traded as low as $19.56 and last traded at $19.82. Approximately 2,122,015 shares were traded during trading, an increase of 25% from the average daily volume of 1,703,232 shares. The stock had previously closed at $21.05.

Carnival Co. & Price Performance

The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 14.26 and a beta of 2.69. The company has a 50-day simple moving average of $23.01 and a two-hundred day simple moving average of $20.37.

Carnival Co. & (NYSE:CUK) last released its quarterly earnings data 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, equities research analysts predict that Carnival Co. & plc will post 1.7 earnings per share for the current year.

Institutional Investors Weigh In On Carnival Co. &

A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in Carnival Co. & by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $66,000 after buying an additional 652 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Carnival Co. & by 18.7% in the fourth quarter. Blue Trust Inc. now owns 3,703 shares of the company’s stock worth $83,000 after purchasing an additional 583 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Carnival Co. & by 106.2% in the fourth quarter. Legal & General Group Plc now owns 6,917 shares of the company’s stock worth $156,000 after purchasing an additional 3,562 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Carnival Co. & during the fourth quarter valued at about $158,000. Finally, Aigen Investment Management LP acquired a new stake in Carnival Co. & in the third quarter worth about $190,000. Institutional investors own 23.80% of the company’s stock.

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.