Carnival Corporation (NYSE:CUK - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.92 and traded as high as $26.70. Carnival shares last traded at $26.40, with a volume of 1,646,681 shares changing hands.
Carnival Stock Up 1.3%
The company has a 50-day moving average price of $22.59 and a 200 day moving average price of $20.96. The firm has a market capitalization of $5.06 billion, a PE ratio of 14.52 and a beta of 2.70. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30.
Carnival (NYSE:CUK - Get Free Report) last issued its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%. The firm had revenue of $6.33 billion for the quarter, compared to analysts' expectations of $6.21 billion. Analysts forecast that Carnival Corporation will post 1.7 earnings per share for the current year.
Institutional Investors Weigh In On Carnival
Several large investors have recently added to or reduced their stakes in CUK. Parallel Advisors LLC grew its stake in Carnival by 51.1% in the second quarter. Parallel Advisors LLC now owns 1,819 shares of the company's stock worth $46,000 after purchasing an additional 615 shares in the last quarter. GAMMA Investing LLC grew its stake in Carnival by 38.6% in the second quarter. GAMMA Investing LLC now owns 3,862 shares of the company's stock worth $99,000 after purchasing an additional 1,075 shares in the last quarter. Vident Advisory LLC grew its stake in Carnival by 9.1% in the first quarter. Vident Advisory LLC now owns 17,363 shares of the company's stock worth $304,000 after purchasing an additional 1,444 shares in the last quarter. Sound Income Strategies LLC bought a new position in Carnival in the second quarter worth approximately $44,000. Finally, Legal & General Group Plc lifted its holdings in Carnival by 106.2% during the fourth quarter. Legal & General Group Plc now owns 6,917 shares of the company's stock worth $156,000 after buying an additional 3,562 shares during the period. 23.80% of the stock is owned by institutional investors.
About Carnival
(
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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.
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