Norwegian Cruise Line (NYSE:NCLH) Coverage Initiated at Loop Capital

Equities research analysts at Loop Capital assumed coverage on shares of Norwegian Cruise Line (NYSE:NCLH) in a report issued on Tuesday, Marketbeat.com reports. The firm set a “hold” rating and a $26.00 price target on the stock. Loop Capital’s target price would suggest a potential downside of 7.62% from the stock’s current price.

Other research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Friday, November 1st. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Tigress Financial raised their price target on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a report on Monday, November 11th. Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $30.00 in a report on Wednesday, October 9th. Finally, Wells Fargo & Company raised their target price on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.06.

Norwegian Cruise Line Stock Up 0.9 %

Norwegian Cruise Line stock opened at $28.15 on Tuesday. The firm has a 50 day simple moving average of $26.63 and a 200 day simple moving average of $22.91. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line has a 1-year low of $14.69 and a 1-year high of $29.29. The firm has a market capitalization of $12.38 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 0.26 and a beta of 2.64.

Insider Transactions at Norwegian Cruise Line

In related news, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line stock in a transaction on Friday, November 8th. The shares were sold at an average price of $27.30, for a total value of $1,046,791.20. Following the transaction, the chief accounting officer now directly owns 116,270 shares of the company’s stock, valued at $3,174,171. The trade was a 24.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Norwegian Cruise Line

Several institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of Norwegian Cruise Line in the 2nd quarter worth approximately $523,000. Czech National Bank boosted its holdings in Norwegian Cruise Line by 9.6% in the third quarter. Czech National Bank now owns 89,569 shares of the company’s stock valued at $1,837,000 after acquiring an additional 7,812 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in Norwegian Cruise Line by 26.1% in the third quarter. Handelsbanken Fonder AB now owns 111,600 shares of the company’s stock valued at $2,289,000 after acquiring an additional 23,100 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in Norwegian Cruise Line during the 3rd quarter valued at $78,000. Finally, Exchange Traded Concepts LLC raised its holdings in Norwegian Cruise Line by 1,048.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,743 shares of the company’s stock worth $118,000 after purchasing an additional 5,243 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

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.