Norwegian Cruise Line (NYSE:NCLH) Earns Hold Rating from Analysts at Loop Capital

Loop Capital began coverage on shares of Norwegian Cruise Line (NYSE:NCLH) in a research note issued to investors on Tuesday,Benzinga reports. The firm issued a hold rating and a $26.00 price target on the stock.

A number of other research analysts have also weighed in on NCLH. Wells Fargo & Company raised their price objective on Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Tigress Financial raised their price objective on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a research report on Monday, November 11th. Morgan Stanley raised their price objective on Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Truist Financial lifted their target price on Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, Argus raised Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.06.

Norwegian Cruise Line Stock Up 0.8 %

NCLH stock opened at $27.89 on Tuesday. Norwegian Cruise Line has a twelve month low of $14.69 and a twelve month high of $29.29. 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 firm has a market cap of $12.26 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 0.26 and a beta of 2.64. The business has a 50 day moving average of $26.62 and a 200 day moving average of $22.85.

Insider Buying and Selling

In related news, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line stock in a transaction on Friday, November 8th. The stock was sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the transaction, the chief accounting officer now directly owns 116,270 shares in the company, valued at approximately $3,174,171. The trade was a 24.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Norwegian Cruise Line

Institutional investors and hedge funds have recently bought and sold shares of the stock. Zacks Investment Management purchased a new position in Norwegian Cruise Line during the third quarter valued at $3,821,000. Hodges Capital Management Inc. lifted its position in Norwegian Cruise Line by 1.5% during the third quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company’s stock valued at $31,678,000 after purchasing an additional 23,075 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Norwegian Cruise Line by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock valued at $71,791,000 after purchasing an additional 94,178 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of Norwegian Cruise Line by 1,104.7% in the third quarter. Y Intercept Hong Kong Ltd now owns 178,603 shares of the company’s stock valued at $3,663,000 after acquiring an additional 163,777 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Norwegian Cruise Line in the third quarter valued at about $615,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

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.