Norwegian Cruise Line (NYSE:NCLH) Trading 1.1% Higher – Time to Buy?

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

Analysts Set New Price Targets

Several analysts recently issued reports on NCLH shares. Macquarie raised their price target on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a research note on Monday, March 17th. Barclays upgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $28.00 to $32.00 in a research report on Friday, December 13th. Tigress Financial reissued a “strong-buy” rating and set a $36.00 target price on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Finally, Morgan Stanley upgraded shares of Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and decreased their target price for the stock from $27.00 to $22.00 in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.94.

Norwegian Cruise Line Stock Up 1.8 %

The business’s fifty day moving average price is $24.49 and its two-hundred day moving average price is $24.22. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The firm has a market cap of $8.99 billion, a P/E ratio of 18.76, a P/E/G ratio of 0.24 and a beta of 2.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Capital International Investors increased its position in Norwegian Cruise Line by 11.2% during the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock worth $1,420,159,000 after acquiring an additional 5,557,951 shares during the period. Norges Bank acquired a new stake in shares of Norwegian Cruise Line during the 4th quarter worth about $113,156,000. Two Sigma Advisers LP grew its holdings in shares of Norwegian Cruise Line by 99.0% during 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 last quarter. Voloridge Investment Management LLC lifted its position in Norwegian Cruise Line by 3,403.3% during the 4th quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company’s stock worth $86,828,000 after buying an additional 3,278,249 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Norwegian Cruise Line by 113.1% during the 4th quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company’s stock worth $143,502,000 after acquiring an additional 2,959,631 shares during 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.