Carnival Co. & (NYSE:CUK) Sees Strong Trading Volume – Still a Buy?

Carnival Co. & plc (NYSE:CUK) saw unusually-high trading volume on Friday . Approximately 2,707,476 shares were traded during trading, an increase of 53% from the previous session’s volume of 1,767,342 shares.The stock last traded at $18.37 and had previously closed at $19.03.

Carnival Co. & Trading Down 0.5 %

The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The stock’s fifty day moving average price is $22.72 and its 200 day moving average price is $20.53. The stock has a market cap of $3.55 billion, a P/E ratio of 13.62 and a beta of 2.72.

Carnival Co. & (NYSE:CUK) last posted 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%. Equities research analysts expect that Carnival Co. & plc will post 1.7 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CUK. Aigen Investment Management LP bought a new position in shares of Carnival Co. & during the third quarter valued at $190,000. Anthracite Investment Company Inc. purchased a new stake in Carnival Co. & during the 3rd quarter valued at about $1,872,000. Landscape Capital Management L.L.C. increased its stake in Carnival Co. & by 8.2% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 238,440 shares of the company’s stock valued at $3,975,000 after purchasing an additional 18,129 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Carnival Co. & by 76.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 48,045 shares of the company’s stock worth $801,000 after buying an additional 20,746 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Carnival Co. & in the third quarter worth approximately $227,000. 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.