Norwegian Cruise Line (NYSE:NCLH) Trading Up 2.5% – What’s Next?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) shares shot up 2.5% on Friday . The stock traded as high as $19.12 and last traded at $18.99. 2,732,002 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 11,467,764 shares. The stock had previously closed at $18.53.

Analysts Set New Price Targets

Several research firms have recently weighed in on NCLH. Truist Financial boosted their target price on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Wells Fargo & Company boosted their target price 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. Tigress Financial reissued a “strong-buy” rating and issued a $36.00 target price on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Macquarie boosted their target price on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.19.

Norwegian Cruise Line Trading Up 3.7 %

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 stock has a market cap of $8.45 billion, a P/E ratio of 17.62, a PEG ratio of 0.24 and a beta of 2.62. The firm’s 50-day simple moving average is $25.08 and its 200 day simple moving average is $24.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Prestige Wealth Management Group LLC lifted 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 worth $25,000 after acquiring an additional 800 shares during the period. Hopwood Financial Services Inc. acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Finally, Rakuten Securities Inc. lifted its stake in shares of Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after acquiring an additional 739 shares during the period. 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.