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

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NCLH shares. JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a report on Monday, March 17th. Wells Fargo & Company lifted their price target on shares of 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. Tigress Financial reissued a “strong-buy” rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. BNP Paribas started coverage on shares of Norwegian Cruise Line in a report on Thursday. They set a “neutral” rating and a $21.00 target price on the stock. Finally, Macquarie raised their price objective on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.47.

Norwegian Cruise Line Stock Down 1.6 %

The business’s 50 day simple moving average is $24.17 and its 200 day simple moving average is $24.34. The company has a market capitalization of $8.75 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Hedge Funds Weigh In On Norwegian Cruise Line

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC lifted its holdings in shares of Norwegian Cruise Line by 192.3% in the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after purchasing an additional 800 shares in the last quarter. Hopwood Financial Services Inc. acquired a new position in Norwegian Cruise Line during the fourth quarter valued at $26,000. Stonebridge Financial Group LLC purchased a new stake in Norwegian Cruise Line in the 4th quarter worth about $27,000. Kestra Investment Management LLC acquired a new stake in Norwegian Cruise Line during the 4th quarter worth about $27,000. Finally, Rakuten Securities Inc. grew its stake in Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after acquiring an additional 739 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.