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

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NCLH. Jefferies Financial Group initiated coverage on shares of Norwegian Cruise Line in a research report on Monday, March 31st. They issued a “buy” rating and a $25.00 price target on the stock. Melius Research raised shares of Norwegian Cruise Line to a “strong-buy” rating in a report on Monday, April 21st. Bank of America decreased their price target on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Wall Street Zen lowered shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Saturday, May 3rd. Finally, Northcoast Research assumed coverage on shares of Norwegian Cruise Line in a research report on Friday, April 25th. They issued a “buy” rating and a $21.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.16.

Norwegian Cruise Line Price Performance

The stock’s 50-day moving average is $17.84 and its 200 day moving average is $21.70. The stock has a market capitalization 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.

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

Institutional Investors Weigh In On Norwegian Cruise Line

Several hedge funds and other institutional investors have recently made changes to their positions in NCLH. Hopwood Financial Services Inc. acquired a new position in Norwegian Cruise Line in the fourth quarter valued at about $26,000. Kestra Investment Management LLC bought a new position in Norwegian Cruise Line in the 4th quarter valued at $27,000. Rakuten Securities Inc. raised its position in Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after purchasing an additional 739 shares during the last quarter. Venturi Wealth Management LLC raised its position in Norwegian Cruise Line by 238.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,249 shares of the company’s stock valued at $32,000 after purchasing an additional 880 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in Norwegian Cruise Line in the 1st quarter valued at $33,000. 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.