Norwegian Cruise Line (NYSE:NCLH) Trading 4.1% Higher

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) shot up 4.1% during trading on Tuesday . The company traded as high as $18.16 and last traded at $18.16. 4,995,892 shares changed hands during trading, a decline of 61% from the average session volume of 12,907,906 shares. The stock had previously closed at $17.45.

Analysts Set New Price Targets

NCLH has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Norwegian Cruise Line from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, May 21st. Barclays boosted their target price on Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Mizuho raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price target for the company from $21.00 to $24.00 in a report on Tuesday, May 28th. Tigress Financial reissued a “strong-buy” rating and set a $32.00 price objective on shares of Norwegian Cruise Line in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of Norwegian Cruise Line from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.38.

Norwegian Cruise Line Trading Down 0.8 %

The company has a 50 day simple moving average of $17.68 and a 200 day simple moving average of $17.86. The stock has a market capitalization of $7.66 billion, a PE ratio of 25.71, a P/E/G ratio of 0.29 and a beta of 2.69. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the company earned $0.20 earnings per share. Analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.17 earnings per share for the current fiscal year.

Insider Transactions at Norwegian Cruise Line

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne bought 13,360 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was acquired at an average cost of $16.50 per share, with a total value of $220,440.00. Following the purchase, the director now owns 13,360 shares in the company, valued at approximately $220,440. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors grew its holdings in shares of Norwegian Cruise Line by 87.8% in the 4th quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock worth $1,143,285,000 after acquiring an additional 26,676,150 shares during the period. Vanguard Group Inc. grew its holdings in Norwegian Cruise Line by 0.7% in the first quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock valued at $1,036,870,000 after purchasing an additional 324,287 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Norwegian Cruise Line by 120.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after buying an additional 12,313,426 shares during the last quarter. Capital International Investors boosted its position in shares of Norwegian Cruise Line by 0.5% in the 1st quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock worth $423,136,000 after buying an additional 102,948 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Norwegian Cruise Line by 32.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after acquiring an additional 1,129,770 shares during the last quarter. 69.58% of the stock is 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.