Norwegian Cruise Line (NYSE:NCLH) Shares Gap Up – Time to Buy?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) gapped up before the market opened on Monday . The stock had previously closed at $24.11, but opened at $24.79. Norwegian Cruise Line shares last traded at $24.51, with a volume of 3,204,291 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NCLH shares. Tigress Financial boosted their target price on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a report on Friday, November 1st. Argus upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. upped their target price on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, December 17th. Finally, Morgan Stanley upped their target price on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight 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 an average rating of “Moderate Buy” and an average price target of $29.00.

Norwegian Cruise Line Stock Performance

The stock’s 50-day moving average is $26.49 and its 200-day moving average is $23.72. The stock has a market cap of $10.93 billion, a price-to-earnings ratio of 22.78, a P/E/G ratio of 0.24 and a beta of 2.64. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.

Institutional Trading of Norwegian Cruise Line

Institutional investors and hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp grew its position in Norwegian Cruise Line by 136.9% in the fourth quarter. Mackenzie Financial Corp now owns 318,400 shares of the company’s stock valued at $8,192,000 after acquiring an additional 183,970 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Norwegian Cruise Line by 48.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 230,447 shares of the company’s stock valued at $5,929,000 after buying an additional 74,983 shares during the last quarter. Pinkerton Retirement Specialists LLC purchased a new position in shares of Norwegian Cruise Line during the 4th quarter valued at approximately $974,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of Norwegian Cruise Line during the 4th quarter valued at approximately $647,000. Finally, PharVision Advisers LLC purchased a new position in shares of Norwegian Cruise Line during the 4th quarter valued at approximately $258,000. 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.