Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report)'s stock price shot up 1.5% on Friday . The company traded as high as $20.18 and last traded at $20.39. 5,301,254 shares changed hands during trading, a decline of 56% from the average session volume of 12,086,623 shares. The stock had previously closed at $20.09.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on NCLH. Loop Capital assumed coverage on shares of Norwegian Cruise Line in a report on Tuesday, February 4th. They issued a "hold" rating and a $26.00 price objective on the stock. Morgan Stanley raised shares of Norwegian Cruise Line from an "underweight" rating to an "equal weight" rating and cut their price target for the stock from $27.00 to $22.00 in a research report on Friday. Barclays upgraded Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $28.00 to $32.00 in a report on Friday, December 13th. Truist Financial upped their target price on Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. Finally, Wells Fargo & Company raised their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $28.94.
Read Our Latest Research Report on NCLH
Norwegian Cruise Line Stock Performance
The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The stock's 50 day moving average is $24.39 and its 200 day moving average is $24.34.
Hedge Funds Weigh In On Norwegian Cruise Line
A number of large investors have recently made changes to their positions in the company. Avior Wealth Management LLC grew its holdings in Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company's stock valued at $35,000 after buying an additional 429 shares in the last quarter. United Capital Financial Advisors LLC grew its stake in shares of Norwegian Cruise Line by 3.7% in the fourth quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company's stock valued at $358,000 after acquiring an additional 498 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Norwegian Cruise Line by 1.1% during the third quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company's stock worth $944,000 after acquiring an additional 509 shares during the period. Vinva Investment Management Ltd raised its stake in Norwegian Cruise Line by 3.6% in the 3rd quarter. Vinva Investment Management Ltd now owns 15,085 shares of the company's stock worth $309,000 after purchasing an additional 528 shares in the last quarter. Finally, Scotia Capital Inc. boosted its holdings in Norwegian Cruise Line by 0.5% in the 4th quarter. Scotia Capital Inc. now owns 113,778 shares of the company's stock valued at $2,928,000 after purchasing an additional 540 shares during the period. Institutional investors own 69.58% of the company's stock.
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.
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