Norwegian Cruise Line (NYSE:NCLH) Trading Down 1.9%

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) traded down 1.9% on Thursday . The company traded as low as $18.10 and last traded at $18.39. 1,541,133 shares were traded during mid-day trading, a decline of 88% from the average session volume of 12,942,412 shares. The stock had previously closed at $18.75.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Mizuho raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their target price for the company from $21.00 to $24.00 in a report on Tuesday, May 28th. StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Wells Fargo & Company raised their price objective on Norwegian Cruise Line from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday, May 21st. Barclays cut their price objective on Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Finally, UBS Group raised 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line has an average rating of “Hold” and an average target price of $21.79.

Norwegian Cruise Line Stock Performance

The company has a 50-day moving average price of $17.04 and a two-hundred day moving average price of $17.96. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 33.16. The stock has a market capitalization of $8.12 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 0.30 and a beta of 2.69.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.24 billion. On average, equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.17 earnings per share for the current year.

Insider Activity at Norwegian Cruise Line

In other news, Director Zillah Byng-Thorne bought 13,360 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was acquired at an average cost of $16.50 per share, with a total value of $220,440.00. Following the transaction, the director now directly owns 13,360 shares of the company’s stock, valued at approximately $220,440. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is currently owned by corporate insiders.

Institutional Trading of Norwegian Cruise Line

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new position in Norwegian Cruise Line during the 1st quarter valued at about $27,000. YHB Investment Advisors Inc. acquired a new position in Norwegian Cruise Line during the 1st quarter valued at about $39,000. 1832 Asset Management L.P. acquired a new position in Norwegian Cruise Line during the 4th quarter valued at about $44,000. Fidelis Capital Partners LLC acquired a new position in Norwegian Cruise Line during the 1st quarter valued at about $61,000. Finally, Mendota Financial Group LLC acquired a new position in Norwegian Cruise Line during the 4th quarter valued at about $66,000. 69.58% of the stock is owned by institutional investors.

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.