Norwegian Cruise Line (NYSE:NCLH) Trading Down 5.5% – Time to Sell?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s stock price was down 5.5% during trading on Tuesday . The stock traded as low as $18.92 and last traded at $18.94. Approximately 6,270,806 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 11,997,531 shares. The stock had previously closed at $20.04.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Bank of America reduced their target price on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Barclays upgraded Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $28.00 to $32.00 in a research note on Friday, December 13th. Macquarie boosted their price target on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Finally, The Goldman Sachs Group set a $34.00 price target on Norwegian Cruise Line in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Norwegian Cruise Line has an average rating of “Moderate Buy” and an average price target of $29.19.

Norwegian Cruise Line Trading Up 4.1 %

The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The stock’s 50-day moving average is $24.72 and its two-hundred day moving average is $24.23. The company has a market cap of $8.73 billion, a P/E ratio of 18.21, a P/E/G ratio of 0.24 and a beta of 2.62.

Hedge Funds Weigh In On Norwegian Cruise Line

Institutional investors and hedge funds have recently modified their holdings of the company. Apollon Wealth Management LLC bought a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at about $272,000. Cookson Peirce & Co. Inc. purchased a new stake in Norwegian Cruise Line during the fourth quarter valued at approximately $654,000. Zacks Investment Management bought a new position in Norwegian Cruise Line in the third quarter worth approximately $3,821,000. Hodges Capital Management Inc. boosted its stake in shares of Norwegian Cruise Line by 1.5% during the 3rd quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company’s stock worth $31,678,000 after acquiring an additional 23,075 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Norwegian Cruise Line by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock worth $71,791,000 after acquiring an additional 94,178 shares during the last quarter. 69.58% of the stock is currently 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.