Norwegian Cruise Line (NYSE:NCLH) Hits New 52-Week High – What’s Next?

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $28.73 and last traded at $28.48, with a volume of 1003643 shares. The stock had previously closed at $28.44.

Wall Street Analyst Weigh In

NCLH has been the subject of a number of research reports. Stifel Nicolaus upped their price objective on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Citigroup raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price target for the company from $20.00 to $30.00 in a research report on Wednesday, October 9th. Tigress Financial raised their price objective on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a report on Monday, November 11th. Argus raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and an average price target of $29.27.

Norwegian Cruise Line Stock Up 2.2 %

The firm has a market capitalization of $12.78 billion, a P/E ratio of 26.67, a P/E/G ratio of 0.26 and a beta of 2.64. 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 50 day simple moving average of $26.53 and a two-hundred day simple moving average of $22.65.

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

Insider Transactions at Norwegian Cruise Line

In other news, CAO Faye L. Ashby sold 38,344 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were 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 $3,174,171. The trade was a 24.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Andrea Demarco sold 29,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total transaction of $805,040.00. Following the completion of the transaction, the insider now directly owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. The trade was a 22.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is currently owned by insiders.

Institutional Trading of Norwegian Cruise Line

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Avior Wealth Management LLC increased its position in Norwegian Cruise Line by 34.1% during the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after acquiring an additional 429 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Norwegian Cruise Line by 2.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock worth $509,000 after purchasing an additional 500 shares during the period. Thrivent Financial for Lutherans grew its holdings in Norwegian Cruise Line by 1.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock valued at $944,000 after purchasing an additional 509 shares during the last quarter. Mount Lucas Management LP raised its position in Norwegian Cruise Line by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 22,055 shares of the company’s stock worth $452,000 after purchasing an additional 516 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Norwegian Cruise Line by 1.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock worth $918,000 after purchasing an additional 521 shares during the last quarter. Hedge funds and other 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.