Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) traded down 8.6% during mid-day trading on Thursday . The company traded as low as $24.36 and last traded at $24.67. 5,501,082 shares traded hands during trading, a decline of 32% from the average session volume of 8,116,748 shares. The stock had previously closed at $27.00.
Analyst Upgrades and Downgrades
NCLH has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a "hold" rating in a research report on Friday, November 1st. Truist Financial lifted their target price on Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. StockNews.com upgraded shares of Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Macquarie reissued an "outperform" rating and set a $30.00 target price on shares of Norwegian Cruise Line in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. upped their price target on Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.00.
View Our Latest Stock Analysis on NCLH
Norwegian Cruise Line Stock Performance
The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The firm has a market capitalization of $10.93 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 0.24 and a beta of 2.64. The firm's 50 day moving average price is $26.49 and its 200-day moving average price is $23.72.
Institutional Trading of Norwegian Cruise Line
Institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its stake in Norwegian Cruise Line by 489.8% in the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company's stock valued at $41,000 after acquiring an additional 1,817 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Norwegian Cruise Line by 5.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 177,496 shares of the company's stock valued at $3,640,000 after buying an additional 8,890 shares in the last quarter. International Assets Investment Management LLC increased its stake in Norwegian Cruise Line by 3,190.5% during the 3rd quarter. International Assets Investment Management LLC now owns 436,227 shares of the company's stock worth $8,947,000 after buying an additional 422,970 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Norwegian Cruise Line by 2.1% in the third quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company's stock valued at $509,000 after acquiring an additional 500 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Norwegian Cruise Line by 71.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,275 shares of the company's stock worth $676,000 after acquiring an additional 13,453 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.
About Norwegian Cruise Line
(
Get Free Report)
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.
Read More
Before you consider Norwegian Cruise Line, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Norwegian Cruise Line wasn't on the list.
While Norwegian Cruise Line currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
