Carnival Co. & (NYSE:CUK) Shares Down 8.4% – Time to Sell?

Carnival Co. & plc (NYSE:CUK) shares fell 8.4% during mid-day trading on Thursday . The company traded as low as $21.26 and last traded at $21.57. 1,094,261 shares traded hands during trading, a decline of 33% from the average session volume of 1,621,877 shares. The stock had previously closed at $23.54.

Carnival Co. & Price Performance

The stock has a market capitalization of $4.14 billion, a PE ratio of 15.84 and a beta of 2.69. 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 stock’s 50 day moving average price is $23.32 and its 200-day moving average price is $19.93.

Carnival Co. & (NYSE:CUK) last issued its earnings results 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%. As a group, equities analysts forecast that Carnival Co. & plc will post 1.7 EPS for the current year.

Institutional Trading of Carnival Co. &

A number of hedge funds have recently added to or reduced their stakes in the business. Aristeia Capital L.L.C. lifted its stake in Carnival Co. & by 13.5% in the fourth quarter. Aristeia Capital L.L.C. now owns 12,130,485 shares of the company’s stock worth $273,057,000 after acquiring an additional 1,445,944 shares during the period. Norges Bank purchased a new stake in Carnival Co. & in the fourth quarter worth about $132,714,000. Arrowstreet Capital Limited Partnership lifted its stake in Carnival Co. & by 4.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,061,521 shares of the company’s stock worth $68,915,000 after acquiring an additional 136,764 shares during the period. Renaissance Technologies LLC lifted its stake in Carnival Co. & by 2.2% in the fourth quarter. Renaissance Technologies LLC now owns 2,673,700 shares of the company’s stock worth $60,185,000 after acquiring an additional 58,600 shares during the period. Finally, Two Sigma Advisers LP lifted its stake in Carnival Co. & by 52.4% in the third quarter. Two Sigma Advisers LP now owns 774,200 shares of the company’s stock worth $12,906,000 after acquiring an additional 266,200 shares during the period. 23.80% of the stock is owned by hedge funds and other 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.