Carnival Co. & (NYSE:CUK) Sets New 1-Year High – Still a Buy?

Carnival Co. & plc (NYSE:CUK) reached a new 52-week high during trading on Tuesday . The company traded as high as $19.50 and last traded at $19.15, with a volume of 752276 shares changing hands. The stock had previously closed at $18.43.

Carnival Co. & Price Performance

The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 30.08 and a beta of 2.74. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The company’s 50 day moving average is $15.75 and its 200 day moving average is $14.98.

Carnival Co. & (NYSE:CUK) last posted its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter. The business had revenue of $7.90 billion for the quarter. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%.

Institutional Trading of Carnival Co. &

Several institutional investors and hedge funds have recently bought and sold shares of CUK. Virtu Financial LLC acquired a new position in Carnival Co. & in the fourth quarter valued at $210,000. BNP Paribas Financial Markets purchased a new stake in Carnival Co. & during the 1st quarter valued at approximately $76,000. QRG Capital Management Inc. acquired a new stake in Carnival Co. & during the 1st quarter worth approximately $1,189,000. Acadian Asset Management LLC acquired a new stake in shares of Carnival Co. & during the first quarter worth $9,001,000. Finally, EntryPoint Capital LLC raised its position in Carnival Co. & by 595.8% during the 1st 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 last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

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.