Carnival Co. & (NYSE:CUK) Stock Price Down 3.8%

Carnival Co. & plc (NYSE:CUK)’s share price traded down 3.8% on Thursday . The company traded as low as $15.73 and last traded at $16.05. 1,946,720 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 2,027,885 shares. The stock had previously closed at $16.68.

Carnival Co. & Trading Up 1.3 %

The firm has a market cap of $2.98 billion, a P/E ratio of 24.41 and a beta of 2.74. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. The business’s 50-day moving average is $15.43 and its two-hundred day moving average is $14.64.

Carnival Co. & (NYSE:CUK) last posted its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $5.78 billion during the quarter. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. During the same quarter in the prior year, the business posted ($0.31) EPS.

Hedge Funds Weigh In On Carnival Co. &

Several hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in Carnival Co. & during the 1st quarter worth approximately $9,001,000. QRG Capital Management Inc. bought a new stake in shares of Carnival Co. & in the 1st quarter valued at $1,189,000. International Assets Investment Management LLC bought a new stake in shares of Carnival Co. & in the 4th quarter valued at $18,510,000. GAMMA Investing LLC bought a new stake in shares of Carnival Co. & in the 4th quarter valued at $33,000. Finally, Virtu Financial LLC bought a new position in Carnival Co. & during the fourth quarter worth $210,000. 23.80% of the stock is owned by institutional investors.

About Carnival Co. &

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.