Norwegian Cruise Line (NYSE:NCLH) Trading 4% Higher

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) shares traded up 4% during trading on Thursday . The company traded as high as $23.36 and last traded at $23.10. 517,966 shares traded hands during trading, a decline of 97% from the average session volume of 20,034,550 shares. The stock had previously closed at $22.22.

A number of analysts recently commented on the company. Berenberg Bank increased their price objective on Norwegian Cruise Line from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Thursday, November 11th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft raised their price target on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday, November 5th. Citigroup initiated coverage on Norwegian Cruise Line in a research note on Monday, October 25th. They issued a “buy” rating and a $39.00 price target on the stock. Morgan Stanley decreased their price target on Norwegian Cruise Line from $23.00 to $22.00 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, Wedbush raised their price target on Norwegian Cruise Line from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, November 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $31.85.

The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 4.12. The firm has a 50 day moving average price of $22.12 and a two-hundred day moving average price of $24.57.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Wednesday, November 3rd. The company reported ($2.17) earnings per share for the quarter, missing the consensus estimate of ($2.11) by ($0.06). The firm had revenue of $153.08 million during the quarter, compared to analyst estimates of $172.30 million. Norwegian Cruise Line had a negative net margin of 2,158.84% and a negative return on equity of 74.83%. The business’s revenue for the quarter was up 2248.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($2.35) earnings per share. Sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post -8.23 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Mascoma Wealth Management LLC purchased a new stake in shares of Norwegian Cruise Line during the 3rd quarter valued at about $27,000. MCF Advisors LLC raised its holdings in shares of Norwegian Cruise Line by 298.4% during the 3rd quarter. MCF Advisors LLC now owns 1,012 shares of the company’s stock valued at $27,000 after buying an additional 758 shares during the period. Eagle Bay Advisors LLC purchased a new stake in shares of Norwegian Cruise Line during the 3rd quarter valued at about $29,000. PSI Advisors LLC purchased a new stake in Norwegian Cruise Line during the 3rd quarter worth approximately $30,000. Finally, Wagner Wealth Management LLC increased its holdings in Norwegian Cruise Line by 137.0% during the 2nd quarter. Wagner Wealth Management LLC now owns 1,064 shares of the company’s stock worth $31,000 after purchasing an additional 615 shares during the last quarter. Institutional investors and hedge funds own 53.77% of the company’s stock.

Norwegian Cruise Line Company Profile (NYSE:NCLH)

Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in North America, Mediterranean, Baltic, Central America, Bermuda and Caribbean. It also offers an entirely inter-island itinerary in Hawaii. Its brands include Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises.

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