Norwegian Cruise Line (NYSE:NCLH) Stock Price Up 5.8% – Should You Buy?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s share price rose 5.8% during mid-day trading on Tuesday . The stock traded as high as $27.28 and last traded at $27.92. Approximately 1,888,906 shares were traded during trading, a decline of 75% from the average daily volume of 7,616,663 shares. The stock had previously closed at $26.39.

Wall Street Analysts Forecast Growth

NCLH has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Tigress Financial boosted their target price on Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a report on Monday, November 11th. Macquarie reissued an “outperform” rating and issued a $30.00 price objective on shares of Norwegian Cruise Line in a research note on Friday, January 17th. Finally, Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and lifted their price target for the company from $20.00 to $30.00 in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.27.

Norwegian Cruise Line Trading Up 7.5 %

The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The business has a 50-day simple moving average of $26.44 and a two-hundred day simple moving average of $22.55. The stock has a market cap of $12.47 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 0.24 and a beta of 2.64.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the prior year, the business earned $0.71 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.5 EPS for the current fiscal year.

Insider Buying and Selling at Norwegian Cruise Line

In other Norwegian Cruise Line news, CFO Mark Kempa sold 15,000 shares of Norwegian Cruise Line stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total value of $417,900.00. Following the completion of the transaction, the chief financial officer now directly owns 253,386 shares of the company’s stock, valued at $7,059,333.96. The trade was a 5.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Faye L. Ashby sold 38,344 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $27.30, for a total value of $1,046,791.20. Following the sale, the chief accounting officer now directly owns 116,270 shares in the company, valued at approximately $3,174,171. This trade represents a 24.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,344 shares of company stock valued at $2,269,731 in the last three months. 0.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Norwegian Cruise Line

Several institutional investors and hedge funds have recently bought and sold shares of the company. R Squared Ltd bought a new position in Norwegian Cruise Line in the fourth quarter valued at approximately $31,000. Prestige Wealth Management Group LLC increased its stake in shares of Norwegian Cruise Line by 192.3% in the 3rd 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. Avior Wealth Management LLC raised its holdings in shares of Norwegian Cruise Line by 34.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after buying an additional 429 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Norwegian Cruise Line by 489.8% during the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after buying an additional 1,817 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in Norwegian Cruise Line in the third quarter valued at about $56,000. Institutional investors 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.