Carnival Co. & (NYSE:CUK) Shares Gap Up to $14.09

Carnival Co. & plc (NYSE:CUKGet Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $14.09, but opened at $14.42. Carnival Co. & shares last traded at $14.47, with a volume of 252,091 shares changing hands.

Carnival Co. & Price Performance

The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 54.23 and a beta of 2.62. The stock has a fifty day simple moving average of $13.73 and a 200-day simple moving average of $14.64. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32.

Carnival Co. & (NYSE:CUKGet Free Report) last announced its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.08. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The company had revenue of $5.41 billion during the quarter.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new position in shares of Carnival Co. & during the 4th quarter worth approximately $18,510,000. Acadian Asset Management LLC raised its stake in shares of Carnival Co. & by 4,752.4% during the 3rd quarter. Acadian Asset Management LLC now owns 101,900 shares of the company’s stock worth $1,244,000 after buying an additional 99,800 shares during the period. Aigen Investment Management LP acquired a new position in Carnival Co. & in the 3rd quarter valued at $518,000. Qube Research & Technologies Ltd acquired a new position in Carnival Co. & in the 3rd quarter valued at $5,048,000. Finally, GAMMA Investing LLC acquired a new position in Carnival Co. & in the 4th quarter valued at $33,000. 23.80% of the stock is owned by institutional investors and hedge funds.

About Carnival Co. &

(Get Free Report)

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.

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