Carnival Co. & (NYSE:CUK) Hits New 12-Month High – Here’s Why

Carnival Co. & plc (NYSE:CUK)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $22.38 and last traded at $22.33, with a volume of 1221315 shares traded. The stock had previously closed at $22.23.

Carnival Co. & Stock Up 0.0 %

The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The company’s 50-day simple moving average is $17.75 and its 200 day simple moving average is $15.77. The firm has a market cap of $4.17 billion, a P/E ratio of 19.85 and a beta of 2.71.

Carnival Co. & (NYSE:CUK) last released its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share for the quarter. The firm had revenue of $7.90 billion during the quarter. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the transaction, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. EntryPoint Capital LLC boosted its position in shares of Carnival Co. & by 595.8% in the first quarter. EntryPoint Capital LLC now owns 2,011 shares of the company’s stock worth $30,000 after buying an additional 1,722 shares during the period. Blue Trust Inc. acquired a new position in shares of Carnival Co. & during the second quarter valued at approximately $40,000. Point72 Asset Management L.P. bought a new stake in shares of Carnival Co. & in the 2nd quarter worth approximately $48,000. BNP Paribas Financial Markets acquired a new stake in Carnival Co. & during the 1st quarter worth about $76,000. Finally, Signaturefd LLC grew its holdings in shares of Carnival Co. & by 56.7% during the second quarter. Signaturefd LLC now owns 5,671 shares of the company’s stock valued at $98,000 after buying an additional 2,053 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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.