Norwegian Cruise Line (NYSE:NCLH) Shares Gap Up - What's Next?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $19.19, but opened at $20.05. Norwegian Cruise Line shares last traded at $19.66, with a volume of 3,395,794 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NCLH. Macquarie boosted 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. Bank of America decreased their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Loop Capital started coverage on Norwegian Cruise Line in a research note on Tuesday, February 4th. They issued a "hold" rating and a $26.00 target price for the company. Citigroup lifted their price target on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Finally, The Goldman Sachs Group set a $34.00 price objective on shares of Norwegian Cruise Line in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $28.94.

Norwegian Cruise Line Trading Up 1.8 %

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 cap of $8.99 billion, a P/E ratio of 18.76, a P/E/G ratio of 0.24 and a beta of 2.62. The company has a 50-day simple moving average of $24.60 and a 200-day simple moving average of $24.20.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Prestige Wealth Management Group LLC increased its position 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 acquiring an additional 800 shares in the last quarter. Hopwood Financial Services Inc. acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new position in Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new position in Norwegian Cruise Line during the 4th quarter worth $27,000. Finally, Rakuten Securities Inc. boosted its position in Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after buying an additional 739 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

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.