Norwegian Cruise Line (NYSE:NCLH) Trading Down 1.7% – Here’s Why

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) shares traded down 1.7% on Tuesday . The company traded as low as $20.27 and last traded at $20.33. 3,197,994 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 12,179,473 shares. The stock had previously closed at $20.69.

Analyst Ratings Changes

Several research firms recently weighed in on NCLH. Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $28.00 to $32.00 in a research note on Friday, December 13th. Citigroup boosted their price objective 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. Loop Capital initiated coverage on shares of Norwegian Cruise Line in a report on Tuesday, February 4th. They set a “hold” rating and a $26.00 target price for the company. Wells Fargo & Company upped their price target on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a research report on Monday, March 17th. Eight 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.94.

Norwegian Cruise Line Price Performance

The company has a 50 day moving average of $24.39 and a 200 day moving average of $24.34. 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 has a market capitalization of $8.99 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Hopwood Financial Services Inc. acquired a new position in Norwegian Cruise Line during the fourth quarter worth approximately $26,000. Kestra Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at $27,000. Stonebridge Financial Group LLC purchased a new position in shares of Norwegian Cruise Line in the 4th quarter worth $27,000. Rakuten Securities Inc. boosted its holdings in 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 during the last quarter. Finally, R Squared Ltd purchased a new stake in Norwegian Cruise Line during the fourth quarter valued at about $31,000. 69.58% of the stock is currently owned by hedge funds and other 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.