Norwegian Cruise Line (NYSE:NCLH) Stock Price Down 1.7% – What’s Next?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s share price traded down 1.7% during mid-day trading on Tuesday . The stock traded as low as $20.27 and last traded at $20.33. 3,197,994 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 12,179,473 shares. The stock had previously closed at $20.69.

Wall Street Analyst Weigh In

NCLH has been the topic of a number of recent analyst reports. Bank of America dropped their target price on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Loop Capital started coverage on Norwegian Cruise Line in a report on Tuesday, February 4th. They set a “hold” rating and a $26.00 price objective on the stock. Macquarie boosted their target price on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. Barclays upgraded Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $28.00 to $32.00 in a research note on Friday, December 13th. Finally, JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a research note on Monday, March 17th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and an average price target of $28.94.

Norwegian Cruise Line Trading Down 1.3 %

The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The company’s fifty day moving average price is $24.39 and its two-hundred day moving average price is $24.34. The firm has a market cap of $8.99 billion, a PE ratio of 18.73, a P/E/G ratio of 0.24 and a beta of 2.62.

Hedge Funds Weigh In On Norwegian Cruise Line

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital International Investors boosted its stake in shares of Norwegian Cruise Line by 11.2% in the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock valued at $1,420,159,000 after buying an additional 5,557,951 shares in the last quarter. Norges Bank purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter worth $113,156,000. Two Sigma Advisers LP grew its stake 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 worth $197,843,000 after purchasing an additional 3,824,600 shares during the period. Voloridge Investment Management LLC increased its holdings in shares of Norwegian Cruise Line by 3,403.3% in the 4th quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company’s stock valued at $86,828,000 after purchasing an additional 3,278,249 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Norwegian Cruise Line by 113.1% in the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company’s stock valued at $143,502,000 after purchasing an additional 2,959,631 shares during the period. 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.