Norwegian Cruise Line (NYSE:NCLH) Shares Up 1.5% – Here’s Why

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s share price shot up 1.5% during trading on Friday . The stock traded as high as $20.18 and last traded at $20.39. 5,301,254 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 12,086,623 shares. The stock had previously closed at $20.09.

Analyst Ratings Changes

Several research firms recently commented on NCLH. Macquarie boosted their price objective 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. Bank of America decreased their price objective on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Loop Capital began coverage on shares of Norwegian Cruise Line in a research report on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price objective on the stock. The Goldman Sachs Group set a $34.00 price objective on shares of Norwegian Cruise Line in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a report on Monday. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.94.

Norwegian Cruise Line Stock Performance

The firm has a market capitalization of $9.01 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The company’s fifty day moving average price is $24.60 and its two-hundred day moving average price is $24.20.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Avior Wealth Management LLC increased its position in 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 purchasing an additional 429 shares in the last quarter. United Capital Financial Advisors LLC increased its position in Norwegian Cruise Line by 3.7% during the 4th quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company’s stock worth $358,000 after purchasing an additional 498 shares in the last quarter. Thrivent Financial for Lutherans increased its position 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 worth $944,000 after purchasing an additional 509 shares in the last quarter. Vinva Investment Management Ltd increased its position in Norwegian Cruise Line by 3.6% during the 3rd quarter. Vinva Investment Management Ltd now owns 15,085 shares of the company’s stock worth $309,000 after purchasing an additional 528 shares in the last quarter. Finally, Scotia Capital Inc. increased its position in Norwegian Cruise Line by 0.5% during the 4th quarter. Scotia Capital Inc. now owns 113,778 shares of the company’s stock worth $2,928,000 after purchasing an additional 540 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other 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.