Carnival Co. & (NYSE:CUK) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Carnival Co. & plc (NYSE:CUK)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.72 and traded as high as $21.56. Carnival Co. & shares last traded at $21.55, with a volume of 3,558,097 shares.

Carnival Co. & Price Performance

The company has a fifty day simple moving average of $19.05 and a two-hundred day simple moving average of $20.72. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 15.50 and a beta of 2.67. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

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

Hedge Funds Weigh In On Carnival Co. &

Hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc boosted its position in shares of Carnival Co. & by 106.2% during the 4th quarter. Legal & General Group Plc now owns 6,917 shares of the company’s stock worth $156,000 after acquiring an additional 3,562 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Carnival Co. & in the 4th quarter valued at $158,000. First Trust Advisors LP acquired a new stake in shares of Carnival Co. & in the 4th quarter valued at $202,000. Ameriprise Financial Inc. bought a new position in shares of Carnival Co. & in the 4th quarter valued at $206,000. Finally, Truist Financial Corp acquired a new position in shares of Carnival Co. & during the 4th quarter worth $208,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

About Carnival Co. &

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.