Norwegian Cruise Line (NYSE:NCLH) Trading Down 8.6% - Time to Sell?

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) were down 8.6% during trading on Thursday . The company traded as low as $24.36 and last traded at $24.67. Approximately 5,501,082 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 8,116,748 shares. The stock had previously closed at $27.00.

Wall Street Analyst Weigh In

A number of analysts have commented on NCLH shares. 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 note on Tuesday, December 17th. StockNews.com upgraded shares of Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Mizuho raised their target price on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Macquarie restated an "outperform" rating and set a $30.00 target price on shares of Norwegian Cruise Line in a research note on Friday, January 17th. Finally, Argus upgraded shares of Norwegian Cruise Line from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $29.00.

Norwegian Cruise Line Trading Down 6.2 %

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 stock has a market capitalization of $10.59 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 0.24 and a beta of 2.64. The firm's fifty day simple moving average is $26.49 and its 200 day simple moving average is $23.60.

Hedge Funds Weigh In On Norwegian Cruise Line

Hedge funds have recently bought and sold shares of the company. Prestige Wealth Management Group LLC increased its holdings in Norwegian Cruise Line by 192.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company's stock valued at $25,000 after buying an additional 800 shares during the period. Hopwood Financial Services Inc. bought a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at approximately $27,000. Kestra Investment Management LLC bought a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at approximately $27,000. Finally, Rakuten Securities Inc. grew its holdings in shares of Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after purchasing an additional 739 shares during the last quarter. 69.58% of the stock is 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.