Norwegian Cruise Line (NYSE:NCLH) Trading 3.7% Higher – Here’s Why

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) rose 3.7% on Monday . The company traded as high as $20.07 and last traded at $19.90. Approximately 7,045,998 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 11,959,479 shares. The stock had previously closed at $19.19.

Wall Street Analysts Forecast Growth

NCLH has been the topic of a number of recent research reports. Citigroup increased their target price on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a report on Friday, February 28th. Bank of America lowered their target price on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. JPMorgan Chase & Co. raised 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. Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $28.00 to $32.00 in a report on Friday, December 13th. Finally, The Goldman Sachs Group set a $34.00 target price on Norwegian Cruise Line in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

Norwegian Cruise Line Price Performance

The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The firm has a 50-day moving average of $25.08 and a 200-day moving average of $24.24. The stock has a market cap of $8.90 billion, a PE ratio of 18.58, a PEG ratio of 0.24 and a beta of 2.62.

Institutional Trading of Norwegian Cruise Line

Institutional investors have recently made changes to their positions in the business. Hopwood Financial Services Inc. purchased a new position in Norwegian Cruise Line during the 4th quarter valued at approximately $26,000. Kestra Investment Management LLC purchased a new position in Norwegian Cruise Line during the 4th quarter valued at approximately $27,000. Stonebridge Financial Group LLC purchased a new position in Norwegian Cruise Line during the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. grew its holdings in Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after buying an additional 739 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Norwegian Cruise Line during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors 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.