Carnival Co. & (NYSE:CUK) Trading Up 3.7%

Carnival Co. & plc (NYSE:CUK)’s share price was up 3.7% during mid-day trading on Friday . The company traded as high as $23.56 and last traded at $23.44. Approximately 32,661 shares were traded during trading, a decline of 98% from the average daily volume of 1,686,347 shares. The stock had previously closed at $22.61.

A number of equities research analysts have issued reports on CUK shares. UBS Group reaffirmed a “buy” rating on shares of Carnival Co. & in a research report on Tuesday, July 13th. Berenberg Bank raised Carnival Co. & from a “sell” rating to a “hold” rating in a research report on Wednesday, July 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

The business has a 50 day moving average of $20.98 and a 200 day moving average of $22.65. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.16 and a quick ratio of 1.13. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of -2.39 and a beta of 2.34.

Carnival Co. & (NYSE:CUK) last issued its earnings results on Monday, June 28th. The company reported ($1.80) EPS for the quarter, missing analysts’ consensus estimates of ($1.62) by ($0.18). The firm had revenue of $50.00 million during the quarter. Carnival Co. & had a negative net margin of 6,471.63% and a negative return on equity of 38.85%.

In other Carnival Co. & news, CFO David Bernstein sold 11,662 shares of the company’s stock in a transaction on Wednesday, July 14th. The stock was sold at an average price of $23.03, for a total value of $268,575.86. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael Olaf Thamm sold 16,175 shares of the company’s stock in a transaction on Wednesday, July 14th. The shares were sold at an average price of $20.36, for a total value of $329,323.00. The disclosure for this sale can be found here. Insiders sold 44,012 shares of company stock worth $927,222 over the last quarter. Company insiders own 0.06% of the company’s stock.

Several hedge funds have recently made changes to their positions in CUK. Dimensional Fund Advisors LP grew its holdings in shares of Carnival Co. & by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 235,384 shares of the company’s stock worth $4,411,000 after purchasing an additional 10,070 shares during the last quarter. Comerica Bank bought a new position in Carnival Co. & in the first quarter valued at about $240,000. BlackRock Inc. bought a new position in Carnival Co. & in the first quarter valued at about $7,794,000. HighTower Advisors LLC bought a new position in Carnival Co. & in the first quarter valued at about $1,764,000. Finally, Landscape Capital Management L.L.C. boosted its holdings in Carnival Co. & by 11.3% in the first quarter. Landscape Capital Management L.L.C. now owns 583,879 shares of the company’s stock valued at $13,085,000 after acquiring an additional 59,050 shares during the last quarter. Institutional investors own 9.17% of the company’s stock.

About Carnival Co. & (NYSE:CUK)

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.

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