Norwegian Cruise Line (NYSE:NCLH) Hits New 12-Month Low – Here’s Why

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $14.50 and last traded at $15.26, with a volume of 6309139 shares. The stock had previously closed at $16.31.

Wall Street Analyst Weigh In

Several research firms have commented on NCLH. Wells Fargo & Company boosted their price objective on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Macquarie increased their price objective on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Citigroup raised their price objective on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a report on Friday, February 28th. Barclays raised shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $28.00 to $32.00 in a report on Friday, December 13th. Finally, Tigress Financial reissued a “strong-buy” rating and issued a $36.00 price target on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $28.28.

Norwegian Cruise Line Trading Down 3.9 %

The business has a fifty day moving average price of $23.01 and a two-hundred day moving average price of $24.31. 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 capitalization of $6.89 billion, a PE ratio of 14.38, a PEG ratio of 0.24 and a beta of 2.27.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NCLH. Prestige Wealth Management Group LLC lifted its holdings in shares of 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 acquiring an additional 800 shares during the last quarter. Hopwood Financial Services Inc. purchased a new stake in Norwegian Cruise Line in the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC purchased a new stake in Norwegian Cruise Line in the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new position in Norwegian Cruise Line during the fourth quarter worth $27,000. Finally, Rakuten Securities Inc. boosted its position in shares of Norwegian Cruise Line by 176.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after buying an additional 739 shares during the period. 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.