Norwegian Cruise Line (NYSE:NCLH) Hits New 52-Week Low – What’s Next?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $14.50 and last traded at $15.26, with a volume of 6309139 shares trading hands. The stock had previously closed at $16.31.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NCLH shares. The Goldman Sachs Group set a $34.00 price target on Norwegian Cruise Line in a research note on Thursday, January 23rd. Bank of America cut their price target on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Macquarie raised their price target on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Loop Capital initiated coverage on shares of Norwegian Cruise Line in a report on Tuesday, February 4th. They set a “hold” rating and a $26.00 price objective on the stock. Finally, JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a research note on Monday, March 17th. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of “Moderate Buy” and an average price target of $28.28.

Norwegian Cruise Line Stock Performance

The firm’s 50 day moving average is $23.01 and its 200-day moving average is $24.31. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 0.24 and a beta of 2.27. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Capital International Investors increased its stake in shares of Norwegian Cruise Line by 11.2% in the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock valued at $1,420,159,000 after purchasing an additional 5,557,951 shares in the last quarter. Vanguard Group Inc. grew its holdings in Norwegian Cruise Line by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company’s stock valued at $1,371,596,000 after purchasing an additional 277,360 shares during the period. State Street Corp increased its position in shares of Norwegian Cruise Line by 4.3% in the third quarter. State Street Corp now owns 15,241,984 shares of the company’s stock valued at $312,613,000 after buying an additional 621,793 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Norwegian Cruise Line by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company’s stock worth $277,399,000 after buying an additional 270,434 shares during the period. Finally, Two Sigma Advisers LP lifted its position in shares of Norwegian Cruise Line by 99.0% during the 4th quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company’s stock valued at $197,843,000 after buying an additional 3,824,600 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.