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Carnival Co. & (NYSE:CUK) Shares Gap Up - Here's Why

Carnival Co. & logo with Consumer Discretionary background

Carnival Co. & plc (NYSE:CUK - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $22.83, but opened at $23.42. Carnival Co. & shares last traded at $23.70, with a volume of 710,377 shares traded.

Carnival Co. & Stock Performance

The stock has a 50-day moving average of $21.79 and a 200 day moving average of $17.69. The firm has a market capitalization of $4.56 billion, a P/E ratio of 21.71 and a beta of 2.72. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30.

Carnival Co. & (NYSE:CUK - Get Free Report) last announced its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%.

Insider Buying and Selling at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the sale, the director now directly owns 65,789 shares of the company's stock, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company's stock.

Hedge Funds Weigh In On Carnival Co. &

Large investors have recently made changes to their positions in the company. Two Sigma Advisers LP raised its holdings in Carnival Co. & by 52.4% during the 3rd quarter. Two Sigma Advisers LP now owns 774,200 shares of the company's stock worth $12,906,000 after purchasing an additional 266,200 shares during the last quarter. Maven Securities LTD acquired a new stake in shares of Carnival Co. & during the 3rd quarter worth approximately $2,110,000. Verition Fund Management LLC acquired a new stake in shares of Carnival Co. & during the 3rd quarter worth approximately $227,000. Charles Schwab Investment Management Inc. lifted its holdings in Carnival Co. & by 76.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 48,045 shares of the company's stock valued at $801,000 after buying an additional 20,746 shares during the period. Finally, Landscape Capital Management L.L.C. boosted its stake in Carnival Co. & by 8.2% in the third quarter. Landscape Capital Management L.L.C. now owns 238,440 shares of the company's stock valued at $3,975,000 after acquiring an additional 18,129 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

About Carnival Co. &

(Get Free Report)

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.

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