Carnival Co. & (NYSE:CUK) Shares Gap Down – Time to Sell?

Carnival Co. & plc (NYSE:CUK) gapped down before the market opened on Friday . The stock had previously closed at $19.05, but opened at $18.34. Carnival Co. & shares last traded at $18.22, with a volume of 729,340 shares.

Carnival Co. & Trading Down 1.6 %

The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The company has a market cap of $3.52 billion, a P/E ratio of 13.48 and a beta of 2.72. The firm’s 50 day moving average is $21.94 and its two-hundred day moving average is $20.77.

Carnival Co. & (NYSE:CUK) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $6.19 billion. As a group, equities research analysts anticipate that Carnival Co. & plc will post 1.7 EPS for the current year.

Institutional Trading of Carnival Co. &

Institutional investors have recently modified their holdings of the business. Two Sigma Advisers LP grew its stake in shares of Carnival Co. & by 52.4% in the third quarter. Two Sigma Advisers LP now owns 774,200 shares of the company’s stock worth $12,906,000 after purchasing an additional 266,200 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Carnival Co. & by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock valued at $66,000 after buying an additional 652 shares during the period. Callan Family Office LLC acquired a new position in Carnival Co. & in the fourth quarter valued at $593,000. Blue Trust Inc. lifted its holdings in Carnival Co. & by 18.7% in the fourth quarter. Blue Trust Inc. now owns 3,703 shares of the company’s stock valued at $83,000 after buying an additional 583 shares during the period. Finally, ABC Arbitrage SA acquired a new position in Carnival Co. & in the fourth quarter valued at $15,184,000. Institutional investors own 23.80% of the company’s stock.

Carnival Co. & Company Profile

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.