Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report)'s stock price shot up 2.5% during mid-day trading on Friday . The stock traded as high as $19.12 and last traded at $18.99. 2,732,002 shares changed hands during trading, a decline of 76% from the average session volume of 11,467,764 shares. The stock had previously closed at $18.53.
Analysts Set New Price Targets
Several research firms recently issued reports on NCLH. Citigroup lifted their price objective on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Macquarie lifted their price objective 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. The Goldman Sachs Group set a $34.00 price objective on Norwegian Cruise Line in a research note on Thursday, January 23rd. Truist Financial lifted their price objective on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Finally, Tigress Financial reaffirmed a "strong-buy" rating and set a $36.00 price target on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. One investment 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.com, the company has an average rating of "Moderate Buy" and a consensus target price of $29.19.
View Our Latest Research Report 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 business has a 50 day moving average price of $25.08 and a two-hundred day moving average price of $24.20. The company has a market cap of $8.45 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Capital International Investors increased its holdings in Norwegian Cruise Line by 11.2% during the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company's stock valued at $1,420,159,000 after purchasing an additional 5,557,951 shares during the period. Vanguard Group Inc. increased its holdings in Norwegian Cruise Line by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company's stock valued at $1,371,596,000 after purchasing an additional 277,360 shares during the period. State Street Corp increased its holdings in Norwegian Cruise Line by 4.3% during the 3rd quarter. State Street Corp now owns 15,241,984 shares of the company's stock valued at $312,613,000 after purchasing an additional 621,793 shares during the period. Geode Capital Management LLC grew its holdings in shares of Norwegian Cruise Line by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company's stock worth $277,399,000 after acquiring an additional 270,434 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in shares of Norwegian Cruise Line by 99.0% during the 4th quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock worth $197,843,000 after acquiring an additional 3,824,600 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.
About Norwegian Cruise Line
(
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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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