Carnival Co. & (NYSE:CUK) Shares Gap Down – Here’s Why

Carnival Co. & plc (NYSE:CUK)’s share price gapped down before the market opened on Friday . The stock had previously closed at $19.05, but opened at $18.34. Carnival Co. & shares last traded at $18.22, with a volume of 729,340 shares trading hands.

Carnival Co. & Stock Down 1.0 %

The company has a market capitalization of $3.54 billion, a PE ratio of 13.54 and a beta of 2.72. 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 stock’s 50 day moving average is $22.00 and its 200 day moving average is $20.75.

Carnival Co. & (NYSE:CUK) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. On average, sell-side analysts anticipate that Carnival Co. & plc will post 1.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Carnival Co. &

A number of large investors have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Carnival Co. & in the fourth quarter worth about $2,779,000. Credit Industriel ET Commercial purchased a new stake in Carnival Co. & during the fourth quarter valued at approximately $10,243,000. Mackenzie Financial Corp increased its holdings in Carnival Co. & by 584.9% during 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 during the last quarter. Voloridge Investment Management LLC purchased a new stake in Carnival Co. & during the fourth quarter valued at approximately $16,380,000. Finally, Vident Advisory LLC purchased a new stake in shares of Carnival Co. & in the fourth quarter worth $358,000. Institutional investors own 23.80% of the company’s stock.

About Carnival Co. &

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.