Carnival Corporation (NYSE:CUK - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.13 and traded as high as $28.29. Carnival shares last traded at $28.05, with a volume of 2,252,498 shares traded.
Carnival Price Performance
The company has a market cap of $5.11 billion, a PE ratio of 14.68 and a beta of 2.70. The company has a 50-day moving average price of $23.60 and a two-hundred day moving average price of $21.20. 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 announced its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.11. The business had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.21 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. Sell-side analysts expect that Carnival Corporation will post 1.7 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Carnival
Several institutional investors and hedge funds have recently made changes to their positions in CUK. Charles Schwab Investment Management Inc. boosted its stake in Carnival by 18.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 57,019 shares of the company's stock valued at $1,283,000 after acquiring an additional 8,974 shares during the last quarter. American Century Companies Inc. lifted its stake in Carnival by 11.1% during the fourth quarter. American Century Companies Inc. now owns 93,438 shares of the company's stock worth $2,103,000 after purchasing an additional 9,353 shares during the last quarter. Sei Investments Co. lifted its stake in Carnival by 183.6% during the fourth quarter. Sei Investments Co. now owns 158,191 shares of the company's stock worth $3,561,000 after purchasing an additional 102,413 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Carnival by 12,000.0% in the 4th quarter. JPMorgan Chase & Co. now owns 15,730 shares of the company's stock worth $354,000 after buying an additional 15,600 shares during the last quarter. Finally, Norges Bank bought a new position in Carnival in the fourth quarter worth about $132,714,000. 23.80% of the stock is currently owned by hedge funds and other 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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