Carnival Co. & Plc (NYSE:CUK) has been assigned a consensus recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company.
CUK has been the topic of several recent analyst reports. Barclays reissued an “overweight” rating on shares of Carnival Co. & in a research report on Monday, November 30th. UBS Group reissued a “neutral” rating on shares of Carnival Co. & in a research report on Tuesday, October 6th. Finally, ValuEngine raised shares of Carnival Co. & from a “sell” rating to a “hold” rating in a research report on Tuesday, November 10th.
In related news, Director Richard Glasier purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, October 14th. The shares were purchased at an average price of $14.05 per share, with a total value of $140,500.00. Following the acquisition, the director now directly owns 29,843 shares in the company, valued at approximately $419,294.15. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.05% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in CUK. Bank of Montreal Can boosted its holdings in shares of Carnival Co. & by 972.9% during the 2nd quarter. Bank of Montreal Can now owns 2,221 shares of the company’s stock valued at $26,000 after acquiring an additional 2,014 shares during the last quarter. Twin Tree Management LP bought a new position in shares of Carnival Co. & in the 2nd quarter worth approximately $52,000. Engineers Gate Manager LP bought a new position in shares of Carnival Co. & in the 2nd quarter worth approximately $143,000. PNC Financial Services Group Inc. lifted its stake in shares of Carnival Co. & by 94.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 12,143 shares of the company’s stock worth $154,000 after purchasing an additional 5,907 shares during the period. Finally, Advisor Group Holdings Inc. lifted its stake in shares of Carnival Co. & by 2,011.6% in the 2nd quarter. Advisor Group Holdings Inc. now owns 12,374 shares of the company’s stock worth $155,000 after purchasing an additional 11,788 shares during the period. 7.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:CUK traded down $0.21 during midday trading on Friday, reaching $17.99. The company’s stock had a trading volume of 16,650 shares, compared to its average volume of 1,917,569. The firm has a 50 day moving average of $16.96 and a 200-day moving average of $14.17. The firm has a market capitalization of $3.34 billion, a P/E ratio of -1.77 and a beta of 2.26. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.97. Carnival Co. & has a 12-month low of $7.08 and a 12-month high of $49.03.
Carnival Co. & (NYSE:CUK) last released its earnings results on Tuesday, October 13th. The company reported ($2.19) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($2.20) by $0.01. The firm had revenue of $31.00 million for the quarter. Carnival Co. & had a negative net margin of 73.40% and a negative return on equity of 15.57%.
Carnival Co. & Company Profile
Carnival Corporation & Plc operates as a leisure travel company. The company's ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names.
Featured Story: What are the economic characteristics of a bear market?