Norwegian Cruise Line (NYSE:NCLH) Shares Gap Up to $16.91

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) gapped up prior to trading on Tuesday . The stock had previously closed at $16.91, but opened at $17.35. Norwegian Cruise Line shares last traded at $17.08, with a volume of 880,798 shares traded.

Wall Street Analysts Forecast Growth

NCLH has been the subject of several research reports. Susquehanna decreased their price objective on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Stifel Nicolaus upped their price objective on shares of Norwegian Cruise Line from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. StockNews.com upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Truist Financial upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and upped their price objective for the stock from $20.00 to $21.00 in a report on Wednesday, May 29th. Finally, Morgan Stanley upped their price objective on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Norwegian Cruise Line presently has an average rating of “Hold” and an average target price of $21.79.

Norwegian Cruise Line Stock Up 0.4 %

The company’s 50-day moving average is $17.24 and its 200 day moving average is $18.11. The company has a market capitalization of $7.29 billion, a PE ratio of 24.16, a P/E/G ratio of 0.28 and a beta of 2.62. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.22 and a current ratio of 0.24.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.24 billion. As a group, analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.16 EPS for the current year.

Insider Activity at Norwegian Cruise Line

In related news, Director Zillah Byng-Thorne purchased 13,360 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were purchased at an average price of $16.50 per share, with a total value of $220,440.00. Following the acquisition, the director now directly owns 13,360 shares in the company, valued at approximately $220,440. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.87% of the stock is currently owned by insiders.

Institutional Trading of Norwegian Cruise Line

A number of institutional investors have recently made changes to their positions in the stock. Cetera Advisors LLC boosted its holdings in shares of Norwegian Cruise Line by 73.7% in the first quarter. Cetera Advisors LLC now owns 29,683 shares of the company’s stock worth $621,000 after buying an additional 12,592 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Norwegian Cruise Line by 170.1% in the first quarter. Cetera Investment Advisers now owns 93,155 shares of the company’s stock worth $1,950,000 after buying an additional 58,660 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Norwegian Cruise Line by 12.2% in the first quarter. Tidal Investments LLC now owns 18,561 shares of the company’s stock worth $388,000 after buying an additional 2,012 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Norwegian Cruise Line by 25.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 15,213 shares of the company’s stock worth $318,000 after buying an additional 3,123 shares during the last quarter. Finally, Transcendent Capital Group LLC purchased a new position in shares of Norwegian Cruise Line in the first quarter worth approximately $27,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

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.