Norwegian Cruise Line (NYSE:NCLH) Trading Down 5.5% - What's Next?

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) fell 5.5% during mid-day trading on Tuesday . The company traded as low as $18.92 and last traded at $18.94. 6,270,806 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 11,997,531 shares. The stock had previously closed at $20.04.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Citigroup boosted their target price on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Truist Financial boosted their price objective on Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. Macquarie lifted their target price on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an "outperform" rating in a research report on Thursday, March 6th. Wells Fargo & Company increased their price target on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Finally, The Goldman Sachs Group set a $34.00 target price on Norwegian Cruise Line in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $28.94.

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Norwegian Cruise Line Stock Performance

The business has a fifty day moving average of $24.49 and a 200-day moving average of $24.22. The company has a market cap of $8.99 billion, a PE ratio of 18.76, a P/E/G 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.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of institutional investors have recently bought and sold shares of the stock. Capital International Investors grew its holdings in shares of Norwegian Cruise Line by 11.2% during the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company's stock worth $1,420,159,000 after acquiring an additional 5,557,951 shares during the period. Norges Bank bought a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $113,156,000. Two Sigma Advisers LP grew its stake in Norwegian Cruise Line by 99.0% in the fourth quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock worth $197,843,000 after purchasing an additional 3,824,600 shares during the period. Voloridge Investment Management LLC raised its holdings in Norwegian Cruise Line by 3,403.3% in the fourth 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 lifted its position in Norwegian Cruise Line by 113.1% during the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company's stock valued at $143,502,000 after buying an additional 2,959,631 shares during the period. 69.58% of the stock is owned by institutional investors.

About Norwegian Cruise Line

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.