Norwegian Cruise Line (NYSE:NCLH) Shares Down 5.5% – Time to Sell?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) shares traded down 5.5% during trading on Monday . The stock traded as low as $17.74 and last traded at $17.83. 6,291,428 shares traded hands during trading, a decline of 50% from the average session volume of 12,658,084 shares. The stock had previously closed at $18.86.

Analysts Set New Price Targets

A number of equities analysts recently commented on NCLH shares. The Goldman Sachs Group reduced their price objective on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Loop Capital reduced their price objective on shares of Norwegian Cruise Line from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Melius Research raised shares of Norwegian Cruise Line to a “strong-buy” rating in a research note on Monday, April 21st. Macquarie reduced their price objective on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, May 9th. Finally, Truist Financial reduced their price objective on shares of Norwegian Cruise Line from $35.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.16.

Norwegian Cruise Line Stock Down 1.7%

The company has a market cap of $8.28 billion, a PE ratio of 10.68, a P/E/G ratio of 0.32 and a beta of 2.12. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 9.09. The firm’s fifty day simple moving average is $17.84 and its 200-day simple moving average is $21.70.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. Norwegian Cruise Line had a net margin of 9.05% and a return on equity of 66.78%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. As a group, equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Norwegian Cruise Line

Large investors have recently made changes to their positions in the business. Cookson Peirce & Co. Inc. acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $654,000. Jupiter Asset Management Ltd. boosted its stake in shares of Norwegian Cruise Line by 365.5% in the fourth quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company’s stock valued at $55,800,000 after purchasing an additional 1,702,748 shares during the period. Granahan Investment Management LLC purchased a new position in shares of Norwegian Cruise Line in the fourth quarter valued at $7,634,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Norwegian Cruise Line by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company’s stock valued at $91,285,000 after purchasing an additional 47,507 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Norwegian Cruise Line by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company’s stock valued at $1,371,596,000 after acquiring an additional 277,360 shares during the last quarter. Institutional investors and hedge funds 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.