Norwegian Cruise Line (NYSE:NCLH) Trading 4.1% Higher - Here's Why

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report)'s share price was up 4.1% during trading on Wednesday . The stock traded as high as $19.73 and last traded at $19.86. Approximately 3,226,635 shares changed hands during trading, a decline of 73% from the average daily volume of 12,025,720 shares. The stock had previously closed at $19.07.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NCLH. JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 price target for the company in a research note on Monday, March 17th. Truist Financial increased their price target 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. The Goldman Sachs Group set a $34.00 price objective on Norwegian Cruise Line in a research note on Thursday, January 23rd. Wells Fargo & Company upped their price objective on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Finally, Macquarie lifted their target price on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Eight investment 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.94.

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Norwegian Cruise Line Stock Up 1.8 %

The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The firm has a market capitalization of $8.99 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The business's 50-day moving average price is $24.49 and its 200-day moving average price is $24.27.

Hedge Funds Weigh In On Norwegian Cruise Line

Several institutional investors and hedge funds have recently modified their holdings of NCLH. Hopwood Financial Services Inc. acquired a new position in shares of Norwegian Cruise Line during the 4th quarter worth $26,000. Kestra Investment Management LLC bought a new stake in shares of Norwegian Cruise Line during the 4th quarter worth about $27,000. Stonebridge Financial Group LLC acquired a new position in shares of Norwegian Cruise Line during the 4th quarter valued at about $27,000. Rakuten Securities Inc. raised its stake in shares of Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after acquiring an additional 739 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Norwegian Cruise Line in the 4th quarter worth approximately $31,000. 69.58% of the stock is currently owned by hedge funds and other 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.