Norwegian Cruise Line (NYSE:NCLH) Shares Gap Up to $16.91

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) gapped up prior to trading on Tuesday . The stock had previously closed at $16.91, but opened at $17.35. Norwegian Cruise Line shares last traded at $17.08, with a volume of 880,798 shares changing hands.

Analysts Set New Price Targets

A number of analysts have commented on NCLH shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Norwegian Cruise Line from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, May 21st. Susquehanna reduced their price objective on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. The Goldman Sachs Group upped their price objective on shares of Norwegian Cruise Line from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Truist Financial raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and upped their price objective for the company from $20.00 to $21.00 in a research note on Wednesday, May 29th. Finally, Mizuho raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price objective for the company from $21.00 to $24.00 in a research note on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $21.79.

Norwegian Cruise Line Stock Up 0.4 %

The company has a debt-to-equity ratio of 33.16, a current ratio of 0.24 and a quick ratio of 0.22. The business has a fifty day moving average of $17.20 and a 200 day moving average of $18.11. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 0.28 and a beta of 2.62.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.24 billion. On average, equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.16 earnings per share for the current year.

Insider Buying and Selling at Norwegian Cruise Line

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

Institutional Investors Weigh In On Norwegian Cruise Line

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in shares of Norwegian Cruise Line by 58.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock valued at $62,240,000 after acquiring an additional 1,141,086 shares during the period. WealthPlan Investment Management LLC bought a new stake in shares of Norwegian Cruise Line in the third quarter valued at approximately $1,824,000. Deutsche Bank AG boosted its position in shares of Norwegian Cruise Line by 44.3% in the third quarter. Deutsche Bank AG now owns 879,293 shares of the company’s stock valued at $14,491,000 after acquiring an additional 269,849 shares during the period. Boulder Hill Capital Management LP bought a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $2,447,000. Finally, AGF Management Ltd. lifted its position in Norwegian Cruise Line by 27.6% in the fourth quarter. AGF Management Ltd. now owns 625,438 shares of the company’s stock worth $12,534,000 after purchasing an additional 135,121 shares during the period. 69.58% of the stock is owned by 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.