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Carnival Co. & (NYSE:CUK) Sees Unusually-High Trading Volume - Should You Buy?

Carnival Co. & logo with Consumer Discretionary background
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Shares of Carnival Co. & plc (NYSE:CUK - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 2,707,476 shares traded hands during trading, an increase of 53% from the previous session's volume of 1,767,342 shares.The stock last traded at $18.37 and had previously closed at $19.03.

Carnival Co. & Stock Down 0.5 %

The firm's 50 day moving average is $22.72 and its two-hundred day moving average is $20.53. The firm has a market cap of $3.55 billion, a P/E ratio of 13.62 and a beta of 2.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CUK - Get Free Report) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. As a group, research analysts anticipate that Carnival Co. & plc will post 1.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Carnival Co. & in the fourth quarter valued at approximately $2,779,000. Credit Industriel ET Commercial bought a new position in Carnival Co. & in the fourth quarter valued at approximately $10,243,000. Mackenzie Financial Corp lifted its stake in Carnival Co. & by 584.9% in the fourth quarter. Mackenzie Financial Corp now owns 102,526 shares of the company's stock valued at $2,308,000 after buying an additional 87,557 shares in the last quarter. Voloridge Investment Management LLC bought a new position in Carnival Co. & in the fourth quarter valued at approximately $16,380,000. Finally, Vident Advisory LLC bought a new position in Carnival Co. & in the fourth quarter valued at approximately $358,000. Institutional investors own 23.80% of the company's stock.

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About Carnival Co. &

(Get Free Report)

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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