Carnival Co. & (NYSE:CUK) Reaches New 12-Month High – Should You Buy?

Carnival Co. & plc (NYSE:CUK) reached 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. & Stock Up 8.5 %

The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The firm’s fifty day simple moving average is $23.01 and its 200 day simple moving average is $19.07. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 18.17 and a beta of 2.70.

Carnival Co. & (NYSE:CUK) last issued 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%. On average, sell-side analysts forecast that Carnival Co. & plc will post 1.7 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CUK. Blue Trust Inc. raised its position in Carnival Co. & by 18.7% in the 4th quarter. Blue Trust Inc. now owns 3,703 shares of the company’s stock valued at $83,000 after buying an additional 583 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Carnival Co. & by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock valued at $66,000 after purchasing an additional 652 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Carnival Co. & by 52.4% in the third quarter. Two Sigma Advisers LP now owns 774,200 shares of the company’s stock valued at $12,906,000 after purchasing an additional 266,200 shares during the last quarter. Maven Securities LTD bought a new stake in shares of Carnival Co. & in the third quarter worth $2,110,000. Finally, Verition Fund Management LLC acquired a new position in Carnival Co. & during the third quarter worth $227,000. 23.80% of the stock is owned by institutional investors and hedge funds.

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.