Carnival Co. & (NYSE:CUK) Hits New 1-Year High – Here’s Why

Carnival Co. & plc (NYSE:CUK)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $25.31 and last traded at $25.26, with a volume of 2792199 shares. The stock had previously closed at $23.29.

Carnival Co. & Trading Up 2.1 %

The firm’s fifty day simple moving average is $23.07 and its 200 day simple moving average is $19.13. The stock has a market capitalization of $4.87 billion, a P/E ratio of 18.66 and a beta of 2.70. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

Carnival Co. & (NYSE:CUK) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 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 research analysts forecast that Carnival Co. & plc will post 1.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC lifted its holdings in shares of Carnival Co. & by 20.0% in the second quarter. Millennium Management LLC now owns 1,061,079 shares of the company’s stock worth $18,272,000 after acquiring an additional 177,207 shares during the last quarter. Two Sigma Advisers LP increased its position in Carnival Co. & by 52.4% during the 3rd quarter. Two Sigma Advisers LP now owns 774,200 shares of the company’s stock worth $12,906,000 after purchasing an additional 266,200 shares in the last quarter. ABC Arbitrage SA bought a new position in Carnival Co. & in the 4th quarter valued at approximately $15,184,000. Landscape Capital Management L.L.C. grew its stake in shares of Carnival Co. & by 8.2% during the third quarter. Landscape Capital Management L.L.C. now owns 238,440 shares of the company’s stock worth $3,975,000 after buying an additional 18,129 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Carnival Co. & by 65.6% during the second quarter. Cubist Systematic Strategies LLC now owns 147,010 shares of the company’s stock worth $2,532,000 after buying an additional 58,261 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

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.