Carnival Co. & (NYSE:CUK) Shares Up 5.4% - Here's Why

Carnival Co. & plc (NYSE:CUK - Get Free Report) shares traded up 5.4% during mid-day trading on Tuesday . The stock traded as high as $24.06 and last traded at $24.55. 669,361 shares were traded during mid-day trading, a decline of 54% from the average session volume of 1,443,836 shares. The stock had previously closed at $23.29.

Carnival Co. & Price Performance

The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 18.17 and a beta of 2.70. The company has a 50-day moving average of $23.01 and a 200-day moving average of $19.07.

Carnival Co. & (NYSE:CUK - Get Free Report) last released 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 Trading of Carnival Co. &

A number of institutional investors have recently modified their holdings of the company. Two Sigma Advisers LP raised its position in Carnival Co. & by 52.4% in the 3rd quarter. Two Sigma Advisers LP now owns 774,200 shares of the company's stock valued at $12,906,000 after buying an additional 266,200 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Carnival Co. & by 20.0% in the second quarter. Millennium Management LLC now owns 1,061,079 shares of the company's stock valued at $18,272,000 after purchasing an additional 177,207 shares during the last quarter. Maven Securities LTD bought a new stake in shares of Carnival Co. & in the third quarter worth $2,110,000. Anthracite Investment Company Inc. bought a new stake in shares of Carnival Co. & in the third quarter worth $1,872,000. Finally, Bank of Montreal Can acquired a new position in Carnival Co. & during the second quarter worth $1,305,000. 23.80% of the stock is currently owned by institutional investors.

Carnival Co. & 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.