Carnival (NYSE:CUK) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Carnival Corporation (NYSE:CUK)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $22.73 and traded as high as $27.99. Carnival shares last traded at $27.58, with a volume of 1,326,134 shares traded.

Carnival Stock Performance

The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. The company’s 50 day moving average is $27.85 and its 200-day moving average is $22.73. The company has a market capitalization of $5.20 billion, a P/E ratio of 14.91 and a beta of 2.76.

Carnival (NYSE:CUK) last announced its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The business had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.21 billion. Equities analysts anticipate that Carnival Corporation will post 1.7 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Sir Jonathon Band sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total transaction of $371,875.00. Following the completion of the transaction, the director owned 64,406 shares of the company’s stock, valued at $1,916,078.50. This trade represents a 16.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in shares of Carnival during the second quarter valued at $26,000. Northwestern Mutual Wealth Management Co. increased its stake in Carnival by 188.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,115 shares of the company’s stock valued at $28,000 after purchasing an additional 729 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Carnival by 70.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,671 shares of the company’s stock valued at $43,000 after purchasing an additional 688 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Carnival during the 2nd quarter valued at about $44,000. Finally, Osaic Holdings Inc. increased its stake in Carnival by 36.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,717 shares of the company’s stock valued at $44,000 after purchasing an additional 459 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Carnival 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.