Norwegian Cruise Line (NYSE:NCLH) Shares Gap Down to $18.92

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) shares gapped down before the market opened on Wednesday . The stock had previously closed at $18.92, but opened at $18.00. Norwegian Cruise Line shares last traded at $17.28, with a volume of 5,570,595 shares traded.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Truist Financial lifted their target price on Norwegian Cruise Line from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Stifel Nicolaus restated a “buy” rating and set a $25.00 price objective on shares of Norwegian Cruise Line in a research note on Tuesday, April 9th. Barclays cut their target price on Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Thursday. Mizuho assumed coverage on shares of Norwegian Cruise Line in a research report on Tuesday, March 26th. They set a “neutral” rating and a $21.00 price target for the company. Finally, StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Norwegian Cruise Line has a consensus rating of “Hold” and an average price target of $20.60.

Norwegian Cruise Line Trading Down 0.8 %

The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.19 and a current ratio of 0.24. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 0.34 and a beta of 2.59. The business’s 50 day moving average price is $19.12 and its two-hundred day moving average price is $17.47.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the company earned ($1.10) earnings per share. Equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in Norwegian Cruise Line by 2.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 21,605 shares of the company’s stock worth $452,000 after acquiring an additional 537 shares in the last quarter. Wealth Management Partners LLC raised its holdings in shares of Norwegian Cruise Line by 5.1% in the 3rd quarter. Wealth Management Partners LLC now owns 16,600 shares of the company’s stock worth $274,000 after purchasing an additional 800 shares in the last quarter. State of Michigan Retirement System lifted its stake in Norwegian Cruise Line by 0.7% during the fourth quarter. State of Michigan Retirement System now owns 116,479 shares of the company’s stock valued at $2,334,000 after purchasing an additional 800 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Norwegian Cruise Line by 20.7% during the first quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $109,000 after buying an additional 888 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its position in Norwegian Cruise Line by 1.0% in the third quarter. Avantax Advisory Services Inc. now owns 89,063 shares of the company’s stock worth $1,468,000 after buying an additional 909 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

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.