Carnival Co. & (NYSE:CUK) Shares Pass Above 200-Day Moving Average of $14.48

Shares of Carnival Co. & plc (NYSE:CUK) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.48 and traded as high as $15.20. Carnival Co. & shares last traded at $15.10, with a volume of 2,275,622 shares trading hands.

Carnival Co. & Stock Up 7.3 %

The stock has a 50-day moving average of $15.30 and a 200-day moving average of $14.48. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 23.22 and a beta of 2.74.

Carnival Co. & (NYSE:CUK) last issued its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 EPS for the quarter. The company had revenue of $5.78 billion for the quarter. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. During the same quarter in the previous year, the business posted ($0.31) EPS.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Carnival Co. & in the fourth quarter valued at about $51,128,000. Renaissance Technologies LLC grew its holdings in shares of Carnival Co. & by 13.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,360,800 shares of the company’s stock valued at $40,653,000 after purchasing an additional 281,300 shares during the last quarter. Millennium Management LLC increased its position in Carnival Co. & by 20.0% during the 2nd quarter. Millennium Management LLC now owns 1,061,079 shares of the company’s stock worth $18,272,000 after purchasing an additional 177,207 shares in the last quarter. Acadian Asset Management LLC bought a new position in Carnival Co. & in the 1st quarter valued at approximately $9,001,000. Finally, Palliser Capital UK Ltd boosted its position in Carnival Co. & by 29.4% in the second quarter. Palliser Capital UK Ltd now owns 310,219 shares of the company’s stock valued at $5,342,000 after buying an additional 70,555 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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.