Norwegian Cruise Line (NYSE:NCLH) Trading 1.1% Higher – Should You Buy?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s share price traded up 1.1% during trading on Thursday . The stock traded as high as $20.32 and last traded at $20.06. 3,014,888 shares traded hands during trading, a decline of 75% from the average session volume of 12,062,422 shares. The stock had previously closed at $19.84.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Loop Capital assumed coverage on Norwegian Cruise Line in a research note on Tuesday, February 4th. They set a “hold” rating and a $26.00 price target for the company. Tigress Financial reiterated a “strong-buy” rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Truist Financial increased their price objective on Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. The Goldman Sachs Group set a $34.00 price objective on Norwegian Cruise Line in a research report on Thursday, January 23rd. Finally, Macquarie increased their price objective on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Norwegian Cruise Line has a consensus rating of “Moderate Buy” and an average price target of $29.19.

Norwegian Cruise Line Trading Up 1.2 %

The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The business has a 50 day moving average of $24.72 and a 200 day moving average of $24.23.

Institutional Trading of Norwegian Cruise Line

A number of large investors have recently made changes to their positions in NCLH. Atria Investments Inc boosted its stake in shares of Norwegian Cruise Line by 15.2% during the third quarter. Atria Investments Inc now owns 22,113 shares of the company’s stock valued at $454,000 after acquiring an additional 2,910 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Norwegian Cruise Line by 72.5% in the 3rd quarter. GSA Capital Partners LLP now owns 18,662 shares of the company’s stock worth $383,000 after buying an additional 7,846 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Norwegian Cruise Line by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock worth $918,000 after buying an additional 521 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Norwegian Cruise Line in the 3rd quarter worth about $212,000. Finally, KBC Group NV boosted its stake in Norwegian Cruise Line by 15.0% in the 3rd quarter. KBC Group NV now owns 11,946 shares of the company’s stock worth $245,000 after buying an additional 1,559 shares during the last quarter. Institutional investors and hedge funds 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.