Carnival Co. & (NYSE:CUK) Trading Down 5.9% – Should You Sell?

Carnival Co. & plc (NYSE:CUK) shares fell 5.9% during mid-day trading on Tuesday . The company traded as low as $19.56 and last traded at $19.82. 2,122,015 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 1,703,232 shares. The stock had previously closed at $21.05.

Carnival Co. & Price Performance

The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The business’s 50-day moving average price is $23.01 and its two-hundred day moving average price is $20.37. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 14.26 and a beta of 2.69.

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

Hedge Funds Weigh In On Carnival Co. &

Several large investors have recently added to or reduced their stakes in CUK. Blue Trust Inc. raised its holdings in shares of Carnival Co. & by 18.7% during the fourth quarter. Blue Trust Inc. now owns 3,703 shares of the company’s stock worth $83,000 after purchasing an additional 583 shares during the period. GAMMA Investing LLC grew its position in shares of Carnival Co. & by 28.7% during the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock valued at $66,000 after buying an additional 652 shares during the last quarter. Legal & General Group Plc raised its stake in Carnival Co. & by 106.2% during the fourth quarter. Legal & General Group Plc now owns 6,917 shares of the company’s stock worth $156,000 after acquiring an additional 3,562 shares during the period. Aristides Capital LLC lifted its holdings in Carnival Co. & by 12.1% in the fourth quarter. Aristides Capital LLC now owns 52,913 shares of the company’s stock worth $1,191,000 after acquiring an additional 5,710 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Carnival Co. & by 12.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 58,330 shares of the company’s stock valued at $1,313,000 after acquiring an additional 6,441 shares during the period. 23.80% of the stock is currently owned by 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.