Norwegian Cruise Line (NYSE:NCLH) Shares Down 1.7% - Should You Sell?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report)'s share price traded down 1.7% during trading on Tuesday . The stock traded as low as $20.27 and last traded at $20.33. 3,197,994 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 12,179,473 shares. The stock had previously closed at $20.69.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Tigress Financial restated a "strong-buy" rating and issued a $36.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Bank of America dropped their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company upped their target price on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. BNP Paribas started coverage on shares of Norwegian Cruise Line in a report on Thursday. They issued a "neutral" rating and a $21.00 target price for the company. Finally, Macquarie boosted their price target on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $28.47.

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Norwegian Cruise Line Stock Down 3.6 %

The firm has a market capitalization of $8.43 billion, a P/E ratio of 17.58, a PEG ratio of 0.24 and a beta of 2.62. 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 50 day moving average of $23.88 and a 200-day moving average of $24.32.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NCLH. Capital International Investors raised 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 acquiring an additional 5,557,951 shares during the period. Norges Bank purchased a new position in shares of Norwegian Cruise Line in the fourth quarter valued at $113,156,000. Two Sigma Advisers LP raised its stake 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 valued at $197,843,000 after purchasing an additional 3,824,600 shares during the period. Voloridge Investment Management LLC lifted its holdings in Norwegian Cruise Line by 3,403.3% during the 4th quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company's stock worth $86,828,000 after purchasing an additional 3,278,249 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Norwegian Cruise Line by 113.1% in the 4th quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company's stock worth $143,502,000 after purchasing an additional 2,959,631 shares during the period. 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.