Norwegian Cruise Line (NYSE:NCLH) Trading Down 5.7%

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHGet Free Report) shares were down 5.7% on Friday . The company traded as low as $16.36 and last traded at $16.50. Approximately 10,173,823 shares traded hands during trading, a decline of 13% from the average daily volume of 11,753,756 shares. The stock had previously closed at $17.50.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NCLH. Truist Financial cut their target price on Norwegian Cruise Line from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, November 21st. Wells Fargo & Company restated an “equal weight” rating and set a $18.00 target price on shares of Norwegian Cruise Line in a research report on Friday, January 5th. StockNews.com downgraded Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Barclays cut their target price on Norwegian Cruise Line from $20.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, November 2nd. Finally, Tigress Financial restated a “strong-buy” rating and set a $32.00 target price on shares of Norwegian Cruise Line in a research report on Friday, December 15th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $19.39.

View Our Latest Stock Report on NCLH

Norwegian Cruise Line Trading Down 6.2 %

The company has a debt-to-equity ratio of 28.80, a current ratio of 0.30 and a quick ratio of 0.27. The business has a 50 day moving average of $18.38 and a 200 day moving average of $16.75. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of -26.92 and a beta of 2.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Segantii Capital Management Ltd acquired a new position in Norwegian Cruise Line in the third quarter valued at about $1,582,000. BlackRock Inc. raised its holdings in Norwegian Cruise Line by 1.8% during the second quarter. BlackRock Inc. now owns 24,144,786 shares of the company’s stock worth $525,632,000 after acquiring an additional 428,579 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Norwegian Cruise Line by 4.9% during the third quarter. Bank of New York Mellon Corp now owns 2,691,795 shares of the company’s stock worth $44,361,000 after acquiring an additional 126,147 shares in the last quarter. Barclays PLC raised its holdings in Norwegian Cruise Line by 113.0% during the second quarter. Barclays PLC now owns 1,059,353 shares of the company’s stock worth $23,064,000 after acquiring an additional 561,946 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in Norwegian Cruise Line by 100.0% during the third quarter. Handelsbanken Fonder AB now owns 165,600 shares of the company’s stock worth $2,729,000 after acquiring an additional 82,800 shares in the last quarter. 60.49% of the stock is owned by institutional investors and hedge funds.

About Norwegian Cruise Line

(Get Free Report)

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 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 locations, including destinations in Scandinavia, Russia, 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.

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