Carnival Co. & (NYSE:CUK) Reaches New 52-Week High – Time to Buy?

Carnival Co. & plc (NYSE:CUK)’s stock price reached a new 52-week high during mid-day 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 Performance

The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 20.13 and a beta of 2.71. The stock has a 50-day moving average of $18.04 and a 200-day moving average of $15.89. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30.

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

Insider Activity

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Carnival Co. &

Institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in Carnival Co. & in the first quarter valued at approximately $9,001,000. QRG Capital Management Inc. bought a new stake in Carnival Co. & in the 1st quarter valued at $1,189,000. Cubist Systematic Strategies LLC lifted its holdings in Carnival Co. & by 65.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 147,010 shares of the company’s stock valued at $2,532,000 after purchasing an additional 58,261 shares during the last quarter. International Assets Investment Management LLC bought a new position in Carnival Co. & during the third quarter worth $7,030,000. Finally, Millennium Management LLC raised its position 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 valued at $18,272,000 after purchasing an additional 177,207 shares during the period. 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.