Carnival Corporation (NYSE:CUK - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $27.59 and last traded at $26.78, with a volume of 4606293 shares changing hands. The stock had previously closed at $27.20.
Carnival Trading Up 1.1%
The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 14.40 and a beta of 2.70. The company's 50 day moving average is $21.71 and its 200 day moving average is $20.84. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34.
Carnival (NYSE:CUK - Get Free Report) last announced its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.11. The firm had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.21 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. On average, research analysts forecast that Carnival Corporation will post 1.7 EPS for the current fiscal year.
Institutional Investors Weigh In On Carnival
Several large investors have recently made changes to their positions in CUK. Parallel Advisors LLC grew its holdings in Carnival by 51.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,819 shares of the company's stock worth $46,000 after acquiring an additional 615 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Carnival by 106.2% in the 4th quarter. Legal & General Group Plc now owns 6,917 shares of the company's stock valued at $156,000 after purchasing an additional 3,562 shares during the last quarter. First Trust Advisors LP bought a new position in shares of Carnival in the 4th quarter valued at about $202,000. Ameriprise Financial Inc. bought a new position in shares of Carnival in the 4th quarter valued at about $206,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Carnival in the 4th quarter valued at approximately $217,000. Institutional investors own 23.80% of the company's stock.
Carnival Company Profile
(
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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.
Further Reading
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