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

Shares of Carnival Co. & plc (NYSE:CUK) gapped up before the market opened 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 Up 6.5 %

The company has a market cap of $4.56 billion, a P/E ratio of 21.71 and a beta of 2.72. The firm’s 50 day moving average price is $21.79 and its two-hundred day moving average price is $17.69. 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) last posted 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 6.39% and a return on equity of 22.30%.

Insiders Place Their Bets

In other news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction 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 $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.08% of the company’s stock.

Institutional Trading of Carnival Co. &

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CUK. Renaissance Technologies LLC boosted its position in shares of Carnival Co. & by 13.5% during the second quarter. Renaissance Technologies LLC now owns 2,360,800 shares of the company’s stock valued at $40,653,000 after buying an additional 281,300 shares during the last quarter. Millennium Management LLC boosted its holdings in Carnival Co. & by 20.0% during the second quarter. Millennium Management LLC now owns 1,061,079 shares of the company’s stock worth $18,272,000 after purchasing an additional 177,207 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Carnival Co. & by 52.4% in 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. Landscape Capital Management L.L.C. increased its position in shares of Carnival Co. & by 8.2% during 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. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Carnival Co. & by 65.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 147,010 shares of the company’s stock worth $2,532,000 after purchasing an additional 58,261 shares during the period. 23.80% of the stock is owned by 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.