Norwegian Cruise Line (NYSE:NCLH) Trading 3.7% Higher – Here’s Why

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) shares traded up 3.7% on Monday . The stock traded as high as $20.07 and last traded at $19.90. 7,045,998 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 11,959,479 shares. The stock had previously closed at $19.19.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Tigress Financial reissued a “strong-buy” rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $28.00 to $32.00 in a report on Friday, December 13th. The Goldman Sachs Group set a $34.00 target price on Norwegian Cruise Line in a report on Thursday, January 23rd. Truist Financial lifted their target price on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, JPMorgan Chase & Co. raised Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

Norwegian Cruise Line Stock Up 5.4 %

The stock has a 50-day moving average of $25.08 and a two-hundred day moving average of $24.24. The company has a market cap of $8.90 billion, a P/E ratio of 18.58, a P/E/G 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.

Institutional Trading of Norwegian Cruise Line

A number of hedge funds have recently bought and sold shares of NCLH. Capital International Investors lifted its position in Norwegian Cruise Line by 11.2% in the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock worth $1,420,159,000 after buying an additional 5,557,951 shares during the last quarter. Norges Bank bought a new stake in Norwegian Cruise Line in the fourth quarter valued at approximately $113,156,000. Two Sigma Advisers LP lifted its position 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 valued at $197,843,000 after purchasing an additional 3,824,600 shares during the last quarter. Voloridge Investment Management LLC lifted its position 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 valued at $86,828,000 after purchasing an additional 3,278,249 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Norwegian Cruise Line by 113.1% in the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company’s stock valued at $143,502,000 after purchasing an additional 2,959,631 shares during the last quarter. 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.