Norwegian Cruise Line (NYSE:NCLH) Shares Gap Down – What’s Next?

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) gapped down prior to trading on Tuesday . The stock had previously closed at $22.18, but opened at $20.40. Norwegian Cruise Line shares last traded at $19.70, with a volume of 13,648,988 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Truist Financial boosted their price objective on Norwegian Cruise Line from $27.00 to $31.00 and gave the company a “buy” rating in a report on Friday, September 19th. Stifel Nicolaus boosted their price objective on Norwegian Cruise Line from $35.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, September 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Norwegian Cruise Line in a report on Wednesday, October 8th. Tigress Financial lifted their price target on Norwegian Cruise Line from $36.00 to $38.00 and gave the company a “strong-buy” rating in a research note on Wednesday, August 27th. Finally, TD Cowen initiated coverage on Norwegian Cruise Line in a research note on Tuesday, July 22nd. They issued a “buy” rating and a $31.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Norwegian Cruise Line Trading Down 14.9%

The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.16 and a current ratio of 0.18. The company has a 50 day moving average of $24.36 and a two-hundred day moving average of $21.87. The stock has a market cap of $8.53 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.71 and a beta of 2.21.

Institutional Investors Weigh In On Norwegian Cruise Line

Several large investors have recently bought and sold shares of the company. UMB Bank n.a. increased its stake in Norwegian Cruise Line by 17.0% during the 3rd quarter. UMB Bank n.a. now owns 4,703 shares of the company’s stock worth $116,000 after buying an additional 683 shares in the last quarter. Arizona State Retirement System increased its stake in Norwegian Cruise Line by 2.2% during the 3rd quarter. Arizona State Retirement System now owns 132,215 shares of the company’s stock worth $3,256,000 after buying an additional 2,841 shares in the last quarter. Hollencrest Capital Management purchased a new stake in Norwegian Cruise Line during the 3rd quarter worth approximately $105,000. AE Wealth Management LLC purchased a new stake in Norwegian Cruise Line during the 3rd quarter worth approximately $268,000. Finally, New York State Common Retirement Fund increased its stake in Norwegian Cruise Line by 23.3% during the 3rd quarter. New York State Common Retirement Fund now owns 593,189 shares of the company’s stock worth $14,610,000 after buying an additional 111,982 shares in the last quarter. 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., 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.