Norwegian Cruise Line (NYSE:NCLH) Shares Cross Above 200 Day Moving Average – What’s Next?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $18.60 and traded as high as $19.09. Norwegian Cruise Line shares last traded at $18.8110, with a volume of 15,784,305 shares traded.

Analysts Set New Price Targets

Several research analysts recently issued reports on NCLH shares. Wells Fargo & Company increased their price target on shares of Norwegian Cruise Line from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, October 30th. Weiss Ratings raised shares of Norwegian Cruise Line from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, November 2nd. Truist Financial dropped their price objective on shares of Norwegian Cruise Line from $20.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, September 24th. UBS Group upped their price objective on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, August 18th. Finally, Citigroup raised their target price on shares of Norwegian Cruise Line from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.18.

Norwegian Cruise Line Stock Performance

The company has a debt-to-equity ratio of 4.43, a current ratio of 0.22 and a quick ratio of 0.19. The business has a 50 day moving average price of $15.68 and a 200 day moving average price of $18.59. The stock has a market capitalization of $8.24 billion, a PE ratio of 9.91, a PEG ratio of 0.99 and a beta of 1.99.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.19. The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Norwegian Cruise Line had a net margin of 8.20% and a return on equity of 34.28%. Norwegian Cruise Line’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 EPS. As a group, equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.49 earnings per share for the current year.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of hedge funds have recently added to or reduced their stakes in the company. Elliott Investment Management L.P. bought a new stake in Norwegian Cruise Line in the 1st quarter worth about $246,578,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Norwegian Cruise Line in the 2nd quarter worth about $2,744,000. Bank of America Corp DE lifted its stake in Norwegian Cruise Line by 61.0% during the 1st quarter. Bank of America Corp DE now owns 2,566,087 shares of the company’s stock valued at $47,986,000 after acquiring an additional 971,809 shares during the period. Mizuho Markets Americas LLC bought a new position in Norwegian Cruise Line during the 1st quarter valued at about $33,380,000. Finally, California Public Employees Retirement System lifted its stake in Norwegian Cruise Line by 358.8% during the 1st quarter. California Public Employees Retirement System now owns 3,675,830 shares of the company’s stock valued at $68,738,000 after acquiring an additional 2,874,730 shares during the period. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. is a global cruise company that operates three brands: Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. Its businesses provide cruise vacations, including onboard dining, entertainment and other guest services, as well as shore excursions at destinations on their itineraries. Norwegian Cruise Line offers contemporary cruise experiences, while Oceania Cruises focuses on destination-oriented travel and cuisine. Regent Seven Seas Cruises offers an all-inclusive luxury cruise experience.