Carnival Corporation (NYSE:CUK - Get Free Report)'s stock price 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 trading hands.
Carnival Stock Down 3.3%
The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 14.67 and a beta of 2.70. The business's 50-day moving average is $23.48 and its two-hundred day moving average is $21.16.
Carnival (NYSE:CUK - Get Free Report) last announced its earnings results on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11. The firm had revenue of $6.33 billion for 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%. On average, equities analysts anticipate that Carnival Corporation will post 1.7 earnings per share for the current year.
Hedge Funds Weigh In On Carnival
Several hedge funds have recently made changes to their positions in CUK. Norges Bank bought a new position in shares of Carnival during the 4th quarter worth approximately $132,714,000. Aristeia Capital L.L.C. grew its stake in shares of Carnival by 13.5% during the 4th quarter. Aristeia Capital L.L.C. now owns 12,130,485 shares of the company's stock worth $273,057,000 after acquiring an additional 1,445,944 shares in the last quarter. Voloridge Investment Management LLC bought a new position in shares of Carnival in the fourth quarter valued at $16,380,000. Credit Industriel ET Commercial bought a new position in shares of Carnival in the fourth quarter valued at $10,243,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Carnival in the fourth quarter valued at $4,465,000. 23.80% of the stock is owned by institutional investors.
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.
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