Norwegian Cruise Line (NYSE:NCLH) Shares Up 1.2% – Here’s What Happened

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s stock price was up 1.2% during mid-day trading on Monday . The company traded as high as $20.88 and last traded at $20.64. Approximately 2,874,754 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 12,137,145 shares. The stock had previously closed at $20.40.

Analyst Ratings Changes

NCLH has been the subject of a number of research analyst reports. Loop Capital initiated coverage on shares of Norwegian Cruise Line in a research note on Tuesday, February 4th. They set a “hold” rating and a $26.00 price objective for the company. Barclays upgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $28.00 to $32.00 in a report on Friday, December 13th. Macquarie upped their price objective on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Morgan Stanley upgraded Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $27.00 to $22.00 in a research note on Friday, March 21st. Finally, Tigress Financial reaffirmed a “strong-buy” rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.94.

Norwegian Cruise Line Trading Down 1.1 %

The stock has a market cap of $9.00 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The firm’s 50 day simple moving average is $24.28 and its two-hundred day simple moving average is $24.37. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Institutional Investors Weigh In On Norwegian Cruise Line

Several institutional investors and hedge funds have recently bought and sold shares of NCLH. Prestige Wealth Management Group LLC grew its holdings in shares of Norwegian Cruise Line by 192.3% during 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 during the last quarter. Hopwood Financial Services Inc. bought a new position in Norwegian Cruise Line during the 4th quarter worth $26,000. Stonebridge Financial Group LLC acquired a new stake in Norwegian Cruise Line in the fourth quarter worth $27,000. Kestra Investment Management LLC bought a new stake in Norwegian Cruise Line in the fourth quarter valued at $27,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of Norwegian Cruise Line by 176.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after acquiring an additional 739 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.