Loop Capital Initiates Coverage on Norwegian Cruise Line (NYSE:NCLH)

Loop Capital began coverage on shares of Norwegian Cruise Line (NYSE:NCLH - Get Free Report) in a note issued to investors on Tuesday, MarketBeat Ratings reports. The firm set a "hold" rating and a $26.00 price target on the stock. Loop Capital's target price would indicate a potential downside of 4.76% from the company's current price.

Several other equities analysts have also recently weighed in on NCLH. Mizuho raised their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Macquarie reissued an "outperform" rating and issued a $30.00 price objective on shares of Norwegian Cruise Line in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft lifted their target price on Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their price target on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, December 17th. Finally, UBS Group increased their target price on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $29.06.

Norwegian Cruise Line Stock Down 3.5 %

Shares of NCLH traded down $0.98 during trading hours on Tuesday, hitting $27.30. The stock had a trading volume of 9,033,330 shares, compared to its average volume of 7,744,038. The firm has a 50 day simple moving average of $26.69 and a 200-day simple moving average of $23.04. Norwegian Cruise Line has a 1-year low of $14.69 and a 1-year high of $29.29. 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 market capitalization of $12.00 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 0.26 and a beta of 2.64.

Institutional Investors Weigh In On Norwegian Cruise Line

Several institutional investors have recently bought and sold shares of the stock. Zacks Investment Management bought a new position in shares of Norwegian Cruise Line in the third quarter worth approximately $3,821,000. Hodges Capital Management Inc. grew its holdings in Norwegian Cruise Line by 1.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company's stock worth $31,678,000 after acquiring an additional 23,075 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Norwegian Cruise Line by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company's stock valued at $71,791,000 after acquiring an additional 94,178 shares during the period. Y Intercept Hong Kong Ltd raised its stake in shares of Norwegian Cruise Line by 1,104.7% during the third quarter. Y Intercept Hong Kong Ltd now owns 178,603 shares of the company's stock valued at $3,663,000 after acquiring an additional 163,777 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Norwegian Cruise Line during the third quarter worth about $615,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

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.