Norwegian Cruise Line (NYSE:NCLH) Shares Gap Up – Here’s What Happened

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) gapped up prior to trading on Monday . The stock had previously closed at $19.19, but opened at $20.05. Norwegian Cruise Line shares last traded at $19.66, with a volume of 3,395,794 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NCLH shares. The Goldman Sachs Group set a $34.00 price objective on shares of Norwegian Cruise Line in a research report on Thursday, January 23rd. Tigress Financial reissued a “strong-buy” rating and set a $36.00 price objective on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Macquarie raised their target price on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Citigroup upped their price objective on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Wells Fargo & Company lifted their price objective on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

Norwegian Cruise Line Trading Up 3.8 %

The stock has a market capitalization of $8.76 billion, a PE ratio of 18.27, a PEG ratio of 0.24 and a beta of 2.62. 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 stock’s 50 day moving average price is $25.08 and its 200-day moving average price is $24.24.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Prestige Wealth Management Group LLC increased its stake in Norwegian Cruise Line by 192.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock worth $25,000 after buying an additional 800 shares during the period. Hopwood Financial Services Inc. bought a new position in Norwegian Cruise Line in the fourth quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new stake in Norwegian Cruise Line during the 4th quarter valued at $27,000. Kestra Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line in the 4th quarter worth $27,000. Finally, Rakuten Securities Inc. raised its holdings in shares of Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after acquiring an additional 739 shares in the last quarter. Hedge funds and other 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.