Norwegian Cruise Line (NYSE:NCLH) Hits New 52-Week High - Time to Buy?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $28.73 and last traded at $28.48, with a volume of 1003643 shares. The stock had previously closed at $28.44.

Analyst Upgrades and Downgrades

NCLH has been the topic of a number of recent analyst reports. Mizuho increased their price objective on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Morgan Stanley raised their price objective on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an "underweight" rating in a report on Tuesday, November 12th. StockNews.com raised shares of Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Tigress Financial lifted their target price on Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a "strong-buy" rating in a research report on Monday, November 11th. Finally, Truist Financial upped their target price on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Norwegian Cruise Line has a consensus rating of "Moderate Buy" and an average price target of $29.27.

Norwegian Cruise Line Price Performance

The stock has a market cap of $12.27 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 0.26 and a beta of 2.64. 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 company's 50 day moving average is $26.62 and its 200 day moving average is $22.85.

Insider Activity

In other Norwegian Cruise Line news, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the transaction, the chief accounting officer now directly owns 116,270 shares of the company's stock, valued at $3,174,171. The trade was a 24.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total transaction of $417,900.00. Following the completion of the sale, the chief financial officer now directly owns 253,386 shares of the company's stock, valued at $7,059,333.96. The trade was a 5.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,344 shares of company stock worth $2,269,731 over the last ninety days. 0.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Norwegian Cruise Line

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its holdings in Norwegian Cruise Line by 3.7% in the fourth quarter. Bank of New York Mellon Corp now owns 2,533,849 shares of the company's stock valued at $65,196,000 after acquiring an additional 91,377 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Norwegian Cruise Line by 8,436.2% during the fourth quarter. First Horizon Advisors Inc. now owns 4,012 shares of the company's stock worth $103,000 after purchasing an additional 3,965 shares during the last quarter. Olympiad Research LP acquired a new position in Norwegian Cruise Line in the fourth quarter worth $497,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $337,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Norwegian Cruise Line by 3.4% in the 4th quarter. Handelsbanken Fonder AB now owns 115,400 shares of the company's stock valued at $2,969,000 after buying an additional 3,800 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.