Norwegian Cruise Line (NYSE:NCLH) Trading Up 3.7% – What’s Next?

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NCLH shares. JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research note on Monday. Barclays upgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $28.00 to $32.00 in a research note on Friday, December 13th. Macquarie boosted their price objective on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. The Goldman Sachs Group set a $34.00 target price on shares of Norwegian Cruise Line in a research report on Thursday, January 23rd. Finally, Citigroup increased their target price on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

Norwegian Cruise Line Stock Performance

The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The company’s 50-day moving average price is $24.84 and its two-hundred day moving average price is $24.26. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 0.24 and a beta of 2.62.

Institutional Investors Weigh In On Norwegian Cruise Line

Large investors have recently modified their holdings of the company. Capital International Investors grew its holdings in Norwegian Cruise Line by 11.2% in the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock worth $1,420,159,000 after purchasing an additional 5,557,951 shares during the period. Norges Bank acquired a new stake in Norwegian Cruise Line in the fourth quarter worth $113,156,000. Two Sigma Advisers LP grew its holdings 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 worth $197,843,000 after purchasing an additional 3,824,600 shares during the period. Voloridge Investment Management LLC lifted its stake in shares of 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 buying an additional 3,278,249 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of 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 buying an additional 2,959,631 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.