Norwegian Cruise Line (NYSE:NCLH) Trading 4.1% Higher – Here’s Why

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) shot up 4.1% during mid-day trading on Wednesday . The company traded as high as $19.73 and last traded at $19.86. 3,226,635 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 12,025,720 shares. The stock had previously closed at $19.07.

Analysts Set New Price Targets

Several research analysts have recently commented on NCLH shares. Barclays raised shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $28.00 to $32.00 in a report on Friday, December 13th. Macquarie raised their price objective on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. The Goldman Sachs Group set a $34.00 target price on Norwegian Cruise Line in a research report on Thursday, January 23rd. Citigroup raised their price target on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company upped their price objective on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

Norwegian Cruise Line Stock Up 3.3 %

The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The company has a market capitalization of $8.66 billion, a P/E ratio of 18.07, a PEG ratio of 0.24 and a beta of 2.62. The stock has a 50 day moving average price of $24.84 and a 200 day moving average price of $24.26.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NCLH. Capital International Investors raised its stake in shares of Norwegian Cruise Line by 11.2% during the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock valued at $1,420,159,000 after acquiring an additional 5,557,951 shares during the last quarter. Vanguard Group Inc. raised its position in Norwegian Cruise Line by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company’s stock worth $1,371,596,000 after purchasing an additional 277,360 shares during the last quarter. State Street Corp lifted its holdings in Norwegian Cruise Line by 4.3% during the 3rd quarter. State Street Corp now owns 15,241,984 shares of the company’s stock worth $312,613,000 after buying an additional 621,793 shares during the period. Geode Capital Management LLC grew its position in shares of Norwegian Cruise Line by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company’s stock valued at $277,399,000 after buying an additional 270,434 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in shares of Norwegian Cruise Line by 99.0% in the fourth quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company’s stock valued at $197,843,000 after buying an additional 3,824,600 shares during the period. Institutional investors 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.