Carnival Co. & (NYSE:CUK) Shares Gap Up – Should You Buy?

Carnival Co. & plc (NYSE:CUK) gapped up prior to trading on Monday . The stock had previously closed at $21.05, but opened at $21.63. Carnival Co. & shares last traded at $21.32, with a volume of 663,149 shares changing hands.

Carnival Co. & Price Performance

The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 15.81 and a beta of 2.69. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The company’s 50 day moving average is $23.15 and its 200 day moving average is $20.15.

Carnival Co. & (NYSE:CUK) last released its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Research analysts anticipate that Carnival Co. & plc will post 1.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. raised its holdings in shares of Carnival Co. & by 34.6% in the third quarter. Blue Trust Inc. now owns 3,120 shares of the company’s stock valued at $54,000 after buying an additional 802 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Carnival Co. & by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock valued at $66,000 after purchasing an additional 652 shares during the last quarter. Signaturefd LLC grew its stake in shares of Carnival Co. & by 10.6% in the 3rd quarter. Signaturefd LLC now owns 6,270 shares of the company’s stock valued at $105,000 after purchasing an additional 599 shares during the last quarter. Legal & General Group Plc increased its holdings 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 valued at $156,000 after purchasing an additional 3,562 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in Carnival Co. & during the 4th quarter worth $158,000. 23.80% of the stock is owned by hedge funds and other 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.