Carnival Co. & (NYSE:CUK) Shares Gap Up – Should You Buy?

Carnival Co. & plc (NYSE:CUK) gapped up before the market opened on Friday . The stock had previously closed at $22.83, but opened at $23.42. Carnival Co. & shares last traded at $23.70, with a volume of 710,377 shares.

Carnival Co. & Price Performance

The business’s fifty day moving average price is $21.79 and its 200 day moving average price is $17.69. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The stock has a market cap of $4.56 billion, a P/E ratio of 21.71 and a beta of 2.72.

Carnival Co. & (NYSE:CUK) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%.

Insider Buying and Selling

In other news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the sale, the director now owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.08% of the stock is owned by corporate insiders.

Institutional Trading of Carnival Co. &

Several institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its position in shares of Carnival Co. & by 10.6% in the 3rd quarter. Signaturefd LLC now owns 6,270 shares of the company’s stock worth $105,000 after purchasing an additional 599 shares during the period. Blue Trust Inc. lifted its holdings in Carnival Co. & by 34.6% in the third quarter. Blue Trust Inc. now owns 3,120 shares of the company’s stock valued at $54,000 after buying an additional 802 shares during the period. Point72 Asset Management L.P. acquired a new position in Carnival Co. & in the second quarter valued at $48,000. Mercer Global Advisors Inc. ADV boosted its position in Carnival Co. & by 14.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 51,322 shares of the company’s stock valued at $884,000 after acquiring an additional 6,517 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Carnival Co. & by 13.0% during the 2nd quarter. American Century Companies Inc. now owns 82,846 shares of the company’s stock worth $1,427,000 after acquiring an additional 9,529 shares during the period. 23.80% of the stock is currently owned by institutional investors.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.