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

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) traded up 1.1% on Thursday . The company traded as high as $20.32 and last traded at $20.06. 3,014,888 shares were traded during 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

A number of analysts recently commented on NCLH shares. Truist Financial upped their price objective on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Macquarie upped their price target on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. 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 report on Monday, March 17th. Loop Capital assumed coverage on shares of Norwegian Cruise Line in a research report on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price objective on the stock. Finally, Tigress Financial reiterated a “strong-buy” rating and set a $36.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Norwegian Cruise Line has an average rating of “Moderate Buy” and an average target price of $28.94.

Norwegian Cruise Line Stock Performance

The stock’s fifty day moving average price is $24.49 and its two-hundred day moving average price is $24.22. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The company 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 Investors Weigh In On Norwegian Cruise Line

Several hedge funds and other institutional investors have recently made changes to their positions in NCLH. Capital International Investors boosted its position 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 valued at $1,420,159,000 after buying an additional 5,557,951 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Norwegian Cruise Line by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company’s stock valued at $1,371,596,000 after acquiring an additional 277,360 shares during the last quarter. State Street Corp boosted its holdings in shares of Norwegian Cruise Line by 4.3% during the 3rd quarter. State Street Corp now owns 15,241,984 shares of the company’s stock valued at $312,613,000 after acquiring an additional 621,793 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Norwegian Cruise Line by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company’s stock valued at $277,399,000 after purchasing an additional 270,434 shares in the last quarter. Finally, 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. 69.58% of the stock is owned by institutional investors.

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.