Norwegian Cruise Line (NYSE:NCLH) Trading Down 3%

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s share price traded down 3% during mid-day trading on Monday . The company traded as low as $18.21 and last traded at $18.22. 1,054,835 shares were traded during trading, a decline of 92% from the average session volume of 13,067,244 shares. The stock had previously closed at $18.79.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Susquehanna decreased their target price on Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on Norwegian Cruise Line from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, May 21st. Morgan Stanley increased their price objective on Norwegian Cruise Line from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Tuesday, March 5th. Wells Fargo & Company increased their price objective on Norwegian Cruise Line from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 21st. Finally, Barclays reduced their price objective on Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $21.79.

Norwegian Cruise Line Stock Down 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 firm has a 50 day simple moving average of $17.12 and a 200-day simple moving average of $18.05. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 0.31 and a beta of 2.69.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Wednesday, May 1st. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.24 billion. On average, sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.17 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Zillah Byng-Thorne acquired 13,360 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was purchased at an average cost of $16.50 per share, for a total transaction of $220,440.00. Following the completion of the transaction, the director now directly owns 13,360 shares in the company, valued at $220,440. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NCLH. Transcendent Capital Group LLC bought a new position in Norwegian Cruise Line during the first quarter worth about $27,000. YHB Investment Advisors Inc. bought a new position in Norwegian Cruise Line during the first quarter worth about $39,000. 1832 Asset Management L.P. bought a new position in shares of Norwegian Cruise Line during the 4th quarter valued at about $44,000. Fidelis Capital Partners LLC bought a new position in shares of Norwegian Cruise Line during the 1st quarter valued at about $61,000. Finally, Mendota Financial Group LLC bought a new position in shares of Norwegian Cruise Line during the 4th quarter valued at about $66,000. Institutional investors own 69.58% of the company’s stock.

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.