Carnival Co. & (NYSE:CUK) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Carnival Co. & plc (NYSE:CUK) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $18.76 and traded as high as $23.59. Carnival Co. & shares last traded at $23.39, with a volume of 1,939,483 shares changing hands.

Carnival Co. & Stock Up 3.2 %

The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 16.82 and a beta of 2.70. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The firm’s 50 day moving average is $22.86 and its two-hundred day moving average is $18.76.

Carnival Co. & (NYSE:CUK) last issued its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%.

Insiders Place Their Bets

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

Institutional Trading of Carnival Co. &

Institutional investors have recently modified their holdings of the company. Signaturefd LLC boosted its stake in shares of Carnival Co. & by 10.6% in the third quarter. Signaturefd LLC now owns 6,270 shares of the company’s stock valued at $105,000 after purchasing an additional 599 shares during the period. GAMMA Investing LLC increased its position in shares of Carnival Co. & by 28.7% during the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $66,000 after acquiring an additional 652 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Carnival Co. & by 34.6% in the third quarter. Blue Trust Inc. now owns 3,120 shares of the company’s stock worth $54,000 after acquiring an additional 802 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Carnival Co. & in the second quarter valued at about $48,000. Finally, Mercer Global Advisors Inc. ADV grew its stake in Carnival Co. & by 14.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 51,322 shares of the company’s stock valued at $884,000 after purchasing an additional 6,517 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

About Carnival Co. &

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.