Carnival Co. & (NYSE:CUK) Stock Price Down 4.3%

Carnival Co. & plc (NYSE:CUK)’s share price was down 4.3% during mid-day trading on Monday . The stock traded as low as $15.79 and last traded at $16.13. Approximately 1,355,417 shares traded hands during trading, a decline of 32% from the average daily volume of 1,979,572 shares. The stock had previously closed at $16.86.

Carnival Co. & Price Performance

The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. The business’s fifty day moving average is $15.12 and its 200 day moving average is $14.75. The company has a market cap of $3.06 billion, a P/E ratio of 24.97 and a beta of 2.74.

Institutional Trading of Carnival Co. &

A number of institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new stake in shares of Carnival Co. & during the first quarter worth $9,001,000. Renaissance Technologies LLC grew its position in shares of Carnival Co. & by 13.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,360,800 shares of the company’s stock valued at $40,653,000 after purchasing an additional 281,300 shares in the last quarter. Millennium Management LLC increased its stake in Carnival Co. & by 20.0% in the 2nd quarter. Millennium Management LLC now owns 1,061,079 shares of the company’s stock worth $18,272,000 after acquiring an additional 177,207 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Carnival Co. & in the 1st quarter valued at about $1,189,000. Finally, Bank of Montreal Can bought a new stake in shares of Carnival Co. & during the 2nd quarter valued at about $1,305,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

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.