Norwegian Cruise Line (NYSE:NCLH) Shares Gap Up – Time to Buy?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) shares gapped up before the market opened on Monday . The stock had previously closed at $24.11, but opened at $24.79. Norwegian Cruise Line shares last traded at $24.51, with a volume of 3,204,291 shares trading hands.

Analyst Ratings Changes

NCLH has been the subject of a number of recent analyst reports. Loop Capital initiated coverage on shares of Norwegian Cruise Line in a research report on Tuesday, February 4th. They set a “hold” rating and a $26.00 price target for the company. The Goldman Sachs Group set a $34.00 price target on shares of Norwegian Cruise Line in a research report on Thursday, January 23rd. Wells Fargo & Company lifted their price target on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Bank of America lifted their price target on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Finally, StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Norwegian Cruise Line Stock Up 3.1 %

The business’s 50 day moving average is $26.49 and its 200-day moving average is $23.72. 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 company has a market cap of $10.93 billion, a PE ratio of 22.78, a P/E/G ratio of 0.24 and a beta of 2.64.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of institutional investors have recently modified their holdings of the business. Capital International Investors increased its holdings in shares of Norwegian Cruise Line by 11.2% in the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock valued at $1,420,159,000 after acquiring an additional 5,557,951 shares during the period. Vanguard Group Inc. increased its stake in Norwegian Cruise Line by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company’s stock valued at $1,371,596,000 after buying an additional 277,360 shares during the period. State Street Corp increased its stake in Norwegian Cruise Line by 4.3% in the 3rd quarter. State Street Corp now owns 15,241,984 shares of the company’s stock valued at $312,613,000 after buying an additional 621,793 shares during the period. Geode Capital Management LLC increased its stake in Norwegian Cruise Line by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company’s stock valued at $277,399,000 after buying an additional 270,434 shares during the period. Finally, Baillie Gifford & Co. acquired a new position in Norwegian Cruise Line in the 3rd quarter valued at $179,146,000. 69.58% of the stock is owned by institutional investors and hedge funds.

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.