Norwegian Cruise Line (NYSE:NCLH) Shares Gap Up – What’s Next?

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) gapped up prior to trading on Monday . The stock had previously closed at $19.19, but opened at $20.05. Norwegian Cruise Line shares last traded at $19.66, with a volume of 3,395,794 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on 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. Loop Capital assumed coverage on 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 Norwegian Cruise Line in a research report on Thursday, January 23rd. Bank of America cut their price objective on 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. Finally, JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.19.

Norwegian Cruise Line Stock Down 4.7 %

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 fifty day simple moving average of $24.84 and a 200 day simple moving average of $24.26. The firm has a market capitalization of $8.40 billion, a P/E ratio of 17.51, a P/E/G ratio of 0.24 and a beta of 2.62.

Institutional Investors Weigh In On Norwegian Cruise Line

Hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its stake in shares of Norwegian Cruise Line by 1.3% in the fourth quarter. California State Teachers Retirement System now owns 411,353 shares of the company’s stock worth $10,584,000 after purchasing an additional 5,348 shares during the last quarter. 111 Capital purchased a new position in shares of Norwegian Cruise Line in the fourth quarter worth $219,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Norwegian Cruise Line by 17.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,265 shares of the company’s stock worth $650,000 after purchasing an additional 3,844 shares during the last quarter. PKO Investment Management Joint Stock Co purchased a new position in shares of Norwegian Cruise Line in the fourth quarter worth $901,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Norwegian Cruise Line in the fourth quarter worth $2,392,000. 69.58% of the stock is owned by 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.