Norwegian Cruise Line (NYSE:NCLH) Hits New 1-Year Low - Here's Why

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $14.50 and last traded at $15.26, with a volume of 6309139 shares trading hands. The stock had previously closed at $16.31.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NCLH. Loop Capital began coverage on Norwegian Cruise Line in a research report on Tuesday, February 4th. They set a "hold" rating and a $26.00 target price on the stock. Wells Fargo & Company increased their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Bank of America decreased their price target on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Macquarie raised their price target on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. Finally, Tigress Financial restated a "strong-buy" rating and issued a $36.00 target price on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $28.28.

Norwegian Cruise Line Stock Performance

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 50 day simple moving average of $22.80 and a 200 day simple moving average of $24.31. The company has a market capitalization of $6.82 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 0.24 and a beta of 2.27.

Institutional Trading of Norwegian Cruise Line

Several hedge funds have recently bought and sold shares of NCLH. Hopwood Financial Services Inc. bought a new stake in Norwegian Cruise Line during the fourth quarter worth approximately $26,000. Kestra Investment Management LLC acquired a new position in shares of Norwegian Cruise Line during the 4th quarter valued at about $27,000. Stonebridge Financial Group LLC acquired a new position in Norwegian Cruise Line during the 4th quarter worth $27,000. Rakuten Securities Inc. boosted its position in shares of Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after acquiring an additional 739 shares during the period. Finally, R Squared Ltd acquired a new stake in Norwegian Cruise Line during the fourth quarter worth about $31,000. 69.58% of the stock is currently 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.