Norwegian Cruise Line (NYSE:NCLH) Trading Up 1.2% – Here’s Why

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s share price was up 1.2% during mid-day trading on Monday . The stock traded as high as $20.88 and last traded at $20.64. Approximately 2,874,754 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 12,137,145 shares. The stock had previously closed at $20.40.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a report on Monday, March 17th. Loop Capital started coverage on Norwegian Cruise Line in a report on Tuesday, February 4th. They set a “hold” rating and a $26.00 price objective on the stock. Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and increased their target price for the stock 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 cut their target price for the stock from $27.00 to $22.00 in a research report on Friday. Finally, Citigroup increased their price objective on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.94.

Norwegian Cruise Line Trading Up 0.8 %

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 company has a market cap of $9.04 billion, a P/E ratio of 18.83, a P/E/G ratio of 0.24 and a beta of 2.62. The business has a 50-day moving average price of $24.49 and a two-hundred day moving average price of $24.32.

Hedge Funds Weigh In On Norwegian Cruise Line

Several hedge funds have recently added to or reduced their stakes in the stock. Natixis Advisors LLC grew its holdings in shares of Norwegian Cruise Line by 152.8% in the 3rd quarter. Natixis Advisors LLC now owns 125,195 shares of the company’s stock valued at $2,568,000 after buying an additional 75,678 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Norwegian Cruise Line by 1.1% during the third quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock worth $944,000 after acquiring an additional 509 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Norwegian Cruise Line by 2.1% in the third quarter. PNC Financial Services Group Inc. now owns 98,802 shares of the company’s stock valued at $2,026,000 after acquiring an additional 2,063 shares during the period. Avior Wealth Management LLC increased its holdings in shares of Norwegian Cruise Line by 34.1% in the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after acquiring an additional 429 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of 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 purchasing an additional 94,178 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

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.