Carnival Co. & (NYSE:CUK) Shares Down 8.4% – Time to Sell?

Carnival Co. & plc (NYSE:CUK) dropped 8.4% during mid-day trading on Thursday . The stock traded as low as $21.26 and last traded at $21.57. Approximately 1,094,261 shares traded hands during trading, a decline of 33% from the average daily volume of 1,621,877 shares. The stock had previously closed at $23.54.

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 company has a 50-day simple moving average of $23.28 and a 200-day simple moving average of $19.98. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 15.13 and a beta of 2.69.

Carnival Co. & (NYSE:CUK) 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 return on equity of 24.13% and a net margin of 7.66%. As a group, research analysts predict that Carnival Co. & plc will post 1.7 earnings per share for the current year.

Institutional Investors Weigh In On Carnival Co. &

A number of institutional investors and hedge funds have recently modified their holdings of CUK. Norges Bank acquired a new stake in shares of Carnival Co. & in the 4th quarter worth approximately $132,714,000. Aristeia Capital L.L.C. grew its holdings in shares of Carnival Co. & by 13.5% in the 4th quarter. Aristeia Capital L.L.C. now owns 12,130,485 shares of the company’s stock worth $273,057,000 after acquiring an additional 1,445,944 shares during the period. Voloridge Investment Management LLC acquired a new stake in shares of Carnival Co. & in the 4th quarter worth approximately $16,380,000. ABC Arbitrage SA acquired a new stake in shares of Carnival Co. & in the 4th quarter worth approximately $15,184,000. Finally, Credit Industriel ET Commercial acquired a new stake in shares of Carnival Co. & in the 4th quarter worth approximately $10,243,000. Institutional investors and hedge funds 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.