Norwegian Cruise Line (NYSE:NCLH) Shares Up 2.5% – What’s Next?

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) were up 2.5% during trading on Friday . The stock traded as high as $19.12 and last traded at $18.99. Approximately 2,732,002 shares changed hands during trading, a decline of 76% from the average daily volume of 11,467,764 shares. The stock had previously closed at $18.53.

Analysts Set New Price Targets

Several analysts recently commented on NCLH shares. Bank of America cut their target price 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. JPMorgan Chase & Co. increased their target price on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, December 17th. Macquarie increased 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 note on Thursday, March 6th. Loop Capital assumed coverage on shares of Norwegian Cruise Line in a report on Tuesday, February 4th. They set a “hold” rating and a $26.00 price target on the stock. Finally, The Goldman Sachs Group set a $34.00 price target on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and an average price target of $29.19.

Norwegian Cruise Line Trading Up 3.7 %

The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth 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 company’s 50 day simple moving average is $25.08 and its two-hundred day simple moving average is $24.20.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NCLH. Prestige Wealth Management Group LLC increased its stake in shares of Norwegian Cruise Line by 192.3% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock worth $25,000 after purchasing an additional 800 shares during the last quarter. Hopwood Financial Services Inc. acquired a new position in shares of Norwegian Cruise Line during the 4th quarter worth $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Norwegian Cruise Line during the 4th quarter worth $27,000. Kestra Investment Management LLC acquired a new position in shares of Norwegian Cruise Line during the 4th quarter worth $27,000. Finally, Rakuten Securities Inc. increased its stake in shares of Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 739 shares during the last quarter. Institutional investors and hedge funds 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.