Carnival Co. & (NYSE:CUK) Shares Down 5.2% – Here’s Why

Carnival Co. & plc (NYSE:CUK) traded down 5.2% on Monday . The company traded as low as $23.00 and last traded at $23.05. 529,019 shares were traded during trading, a decline of 72% from the average session volume of 1,912,691 shares. The stock had previously closed at $24.32.

Carnival Co. & Stock Down 4.7 %

The firm has a 50 day simple moving average of $21.79 and a 200-day simple moving average of $17.69. The stock has a market cap of $4.35 billion, a P/E ratio of 20.70 and a beta of 2.72. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10.

Carnival Co. & (NYSE:CUK) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Carnival Co. &

Several large investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its stake in Carnival Co. & by 13.5% during the second quarter. Renaissance Technologies LLC now owns 2,360,800 shares of the company’s stock worth $40,653,000 after buying an additional 281,300 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of Carnival Co. & by 52.4% in the 3rd quarter. Two Sigma Advisers LP now owns 774,200 shares of the company’s stock worth $12,906,000 after acquiring an additional 266,200 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Carnival Co. & by 20.0% in the 2nd 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. Maven Securities LTD bought a new stake in shares of Carnival Co. & during the 3rd quarter valued at about $2,110,000. Finally, Anthracite Investment Company Inc. acquired a new stake in Carnival Co. & during the third quarter worth approximately $1,872,000. 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.