Jefferies Financial Group Begins Coverage on Norwegian Cruise Line (NYSE:NCLH)

Jefferies Financial Group started coverage on shares of Norwegian Cruise Line (NYSE:NCLH - Free Report) in a research note published on Monday, Marketbeat.com reports. The brokerage issued a buy rating and a $25.00 price target on the stock.

A number of other research firms have also commented on NCLH. Barclays raised Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $28.00 to $32.00 in a report on Friday, December 13th. BNP Paribas initiated coverage on Norwegian Cruise Line in a report on Thursday, March 27th. They issued a "neutral" rating and a $21.00 price objective for the company. Bank of America lowered their target price on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Morgan Stanley upgraded shares of Norwegian Cruise Line from an "underweight" rating to an "equal weight" rating and reduced their price target for the stock from $27.00 to $22.00 in a research note on Friday, March 21st. Finally, Tigress Financial restated a "strong-buy" rating and set a $36.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $28.28.

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Norwegian Cruise Line Stock Up 2.6 %

Shares of NYSE NCLH traded up $0.49 during midday trading on Monday, hitting $19.55. The stock had a trading volume of 13,879,714 shares, compared to its average volume of 11,938,008. The business's 50 day moving average is $23.55 and its 200-day moving average is $24.40. Norwegian Cruise Line has a 52 week low of $14.69 and a 52 week high of $29.29. 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 $8.60 billion, a P/E ratio of 17.94, a PEG ratio of 0.24 and a beta of 2.62.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NCLH. Capital International Investors boosted its position in shares of Norwegian Cruise Line by 11.2% during the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company's stock worth $1,420,159,000 after acquiring an additional 5,557,951 shares during the last quarter. Norges Bank purchased a new stake in Norwegian Cruise Line in the 4th quarter worth $113,156,000. Two Sigma Advisers LP boosted its holdings in shares of Norwegian Cruise Line by 99.0% during the 4th quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock valued at $197,843,000 after purchasing an additional 3,824,600 shares during the last quarter. Voloridge Investment Management LLC grew its position in shares of Norwegian Cruise Line by 3,403.3% during the fourth quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company's stock valued at $86,828,000 after purchasing an additional 3,278,249 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Norwegian Cruise Line by 113.1% during the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company's stock valued at $143,502,000 after purchasing an additional 2,959,631 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

About Norwegian Cruise Line

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.