Carnival Co. & (NYSE:CUK) Shares Cross Above 200-Day Moving Average - Here's Why

Carnival Co. & plc (NYSE:CUK - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $18.76 and traded as high as $23.59. Carnival Co. & shares last traded at $23.39, with a volume of 1,939,483 shares changing hands.

Carnival Co. & Price Performance

The company has a market capitalization of $4.36 billion, a P/E ratio of 16.71 and a beta of 2.70. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The business's 50-day moving average is $22.86 and its two-hundred day moving average is $18.76.

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

Insiders Place Their Bets

In other news, Director Sir Jonathon Band sold 17,500 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the sale, the director now owns 65,789 shares of the company's stock, valued at $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.08% of the company's stock.

Hedge Funds Weigh In On Carnival Co. &

Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Carnival Co. & by 28.7% during the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company's stock valued at $66,000 after acquiring an additional 652 shares in the last quarter. Two Sigma Advisers LP grew its stake in Carnival Co. & by 52.4% during the third quarter. Two Sigma Advisers LP now owns 774,200 shares of the company's stock valued at $12,906,000 after acquiring an additional 266,200 shares in the last quarter. Maven Securities LTD purchased a new position in Carnival Co. & during the third quarter valued at approximately $2,110,000. Verition Fund Management LLC purchased a new position in Carnival Co. & during the third quarter valued at approximately $227,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Carnival Co. & by 76.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 48,045 shares of the company's stock valued at $801,000 after acquiring an additional 20,746 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Carnival Co. & Company Profile

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.