Norwegian Cruise Line (NYSE:NCLH) Shares Up 2.5% – What’s Next?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s stock price was up 2.5% during mid-day trading on Friday . The company traded as high as $19.12 and last traded at $18.99. Approximately 2,732,002 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 11,467,764 shares. The stock had previously closed at $18.53.

Analyst Ratings Changes

NCLH has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Macquarie increased their price objective on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. Tigress Financial restated a “strong-buy” rating and set a $36.00 target price on shares of Norwegian Cruise Line in a report on Tuesday. Truist Financial increased their price target on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, Bank of America lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.19.

Norwegian Cruise Line Price Performance

The company has a fifty day simple moving average of $25.20 and a two-hundred day simple moving average of $24.14. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 0.24 and a beta of 2.62. 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

A number of hedge funds and other institutional investors have recently bought and sold shares of NCLH. Principal Financial Group Inc. lifted its holdings in shares of Norwegian Cruise Line by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 514,087 shares of the company’s stock worth $10,544,000 after acquiring an additional 30,182 shares during the period. Atria Investments Inc lifted its stake in Norwegian Cruise Line by 15.2% during the third quarter. Atria Investments Inc now owns 22,113 shares of the company’s stock worth $454,000 after purchasing an additional 2,910 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Norwegian Cruise Line by 72.5% in the 3rd quarter. GSA Capital Partners LLP now owns 18,662 shares of the company’s stock valued at $383,000 after purchasing an additional 7,846 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Norwegian Cruise Line by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock valued at $918,000 after purchasing an additional 521 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Norwegian Cruise Line during the 3rd quarter worth $212,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Company Profile

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.