Norwegian Cruise Line (NYSE:NCLH) Shares Up 4.1%

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s stock price traded up 4.1% on Tuesday . The company traded as high as $18.16 and last traded at $18.16. 4,995,892 shares were traded during mid-day trading, a decline of 61% from the average session volume of 12,907,906 shares. The stock had previously closed at $17.45.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NCLH. JPMorgan Chase & Co. raised their price objective on shares of Norwegian Cruise Line from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Truist Financial upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $21.00 in a research report on Wednesday, May 29th. Citigroup upped their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Mizuho raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $21.00 to $24.00 in a report on Tuesday, May 28th. Finally, Barclays upped their price target on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, six 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 an average rating of “Hold” and an average price target of $22.38.

Norwegian Cruise Line Stock Performance

The firm’s fifty day simple moving average is $17.68 and its 200 day simple moving average is $17.86. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 0.29 and a beta of 2.69.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the previous year, the company posted $0.20 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.17 EPS for the current year.

Insider Activity at Norwegian Cruise Line

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne bought 13,360 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were bought at an average price of $16.50 per share, for a total transaction of $220,440.00. Following the acquisition, the director now directly owns 13,360 shares of the company’s stock, valued at $220,440. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is owned by insiders.

Institutional Investors Weigh In On Norwegian Cruise Line

Institutional investors have recently modified their holdings of the stock. Transcendent Capital Group LLC purchased a new stake in shares of Norwegian Cruise Line during the first quarter worth $27,000. YHB Investment Advisors Inc. purchased a new stake in shares of Norwegian Cruise Line during the 1st quarter worth about $39,000. Sentry Investment Management LLC acquired a new stake in shares of Norwegian Cruise Line during the 2nd quarter valued at about $39,000. 1832 Asset Management L.P. bought a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at approximately $44,000. Finally, Fidelis Capital Partners LLC acquired a new position in Norwegian Cruise Line in the first quarter worth approximately $61,000. 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.