Carnival Co. & (NYSE:CUK) Shares Down 8.4% – Time to Sell?

Carnival Co. & plc (NYSE:CUK)’s share price fell 8.4% on Thursday . The stock traded as low as $21.26 and last traded at $21.57. 1,094,261 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 1,621,877 shares. The stock had previously closed at $23.54.

Carnival Co. & Price Performance

The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The firm has a market capitalization of $3.95 billion, a PE ratio of 15.13 and a beta of 2.69. The company has a fifty day moving average price of $23.28 and a two-hundred day moving average price of $19.98.

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

Institutional Trading of Carnival Co. &

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in Carnival Co. & by 18.7% during the 4th quarter. Blue Trust Inc. now owns 3,703 shares of the company’s stock valued at $83,000 after acquiring an additional 583 shares during the last quarter. Signaturefd LLC raised its stake in Carnival Co. & by 10.6% during the 3rd quarter. Signaturefd LLC now owns 6,270 shares of the company’s stock valued at $105,000 after acquiring an additional 599 shares during the last quarter. GAMMA Investing LLC raised its stake in 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 acquiring an additional 652 shares during the last quarter. Legal & General Group Plc raised its stake in Carnival Co. & by 106.2% during the 4th quarter. Legal & General Group Plc now owns 6,917 shares of the company’s stock valued at $156,000 after acquiring an additional 3,562 shares during the last quarter. Finally, Aristides Capital LLC raised its stake in Carnival Co. & by 12.1% during the 4th quarter. Aristides Capital LLC now owns 52,913 shares of the company’s stock valued at $1,191,000 after acquiring an additional 5,710 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Company Profile

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.