Norwegian Cruise Line (NYSE:NCLH) Trading Up 4.1% – Should You Buy?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) rose 4.1% during mid-day trading on Wednesday . The stock traded as high as $19.73 and last traded at $19.86. Approximately 3,226,635 shares changed hands during trading, a decline of 73% from the average daily volume of 12,025,720 shares. The stock had previously closed at $19.07.

Analyst Ratings Changes

NCLH has been the topic of a number of research reports. Wells Fargo & Company raised 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 note on Friday, February 28th. Tigress Financial reissued a “strong-buy” rating and set a $36.00 price objective on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Barclays upgraded Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $28.00 to $32.00 in a report on Friday, December 13th. Morgan Stanley upgraded Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and reduced their price target for the stock from $27.00 to $22.00 in a report on Friday. Finally, Macquarie raised 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. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.94.

Norwegian Cruise Line Stock Performance

The stock has a fifty day moving average of $24.60 and a 200-day moving average of $24.20. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The stock has a market cap of $8.64 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of hedge funds and other institutional investors have recently bought and sold shares of NCLH. Apollon Wealth Management LLC acquired a new position in shares of Norwegian Cruise Line during the fourth quarter worth about $272,000. Cookson Peirce & Co. Inc. purchased a new stake in shares of Norwegian Cruise Line in the 4th quarter worth about $654,000. Zacks Investment Management acquired a new position in Norwegian Cruise Line during the third quarter worth about $3,821,000. Hodges Capital Management Inc. lifted its stake in Norwegian Cruise Line by 1.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company’s stock valued at $31,678,000 after buying an additional 23,075 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Norwegian Cruise Line by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock worth $71,791,000 after buying an additional 94,178 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.