Norwegian Cruise Line (NYSE:NCLH) Stock Price Up 1.1% - Should You Buy?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report)'s stock price shot up 1.1% during mid-day trading on Thursday . The company traded as high as $20.32 and last traded at $20.06. 3,014,888 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 12,062,422 shares. The stock had previously closed at $19.84.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NCLH shares. Tigress Financial reaffirmed a "strong-buy" rating and set a $36.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Barclays upgraded shares of Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $28.00 to $32.00 in a report on Friday, December 13th. Bank of America reduced their price objective on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Wells Fargo & Company raised their target price on shares of 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. Finally, Citigroup upped their price target 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. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $28.94.

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Norwegian Cruise Line Stock Up 0.7 %

The business's fifty day simple moving average is $24.49 and its two-hundred day simple moving average is $24.32. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The company has a market cap of $9.03 billion, a PE ratio of 18.83, a PEG ratio of 0.24 and a beta of 2.62.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of hedge funds have recently bought and sold shares of the business. Natixis Advisors LLC lifted its position in shares of Norwegian Cruise Line by 152.8% during the 3rd quarter. Natixis Advisors LLC now owns 125,195 shares of the company's stock valued at $2,568,000 after buying an additional 75,678 shares in the last quarter. Thrivent Financial for Lutherans raised 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. PNC Financial Services Group Inc. lifted its holdings in Norwegian Cruise Line by 2.1% during the third quarter. PNC Financial Services Group Inc. now owns 98,802 shares of the company's stock valued at $2,026,000 after purchasing an additional 2,063 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of Norwegian Cruise Line by 34.1% in the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company's stock valued at $35,000 after purchasing an additional 429 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Norwegian Cruise Line by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company's stock worth $71,791,000 after purchasing an additional 94,178 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

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.