Norwegian Cruise Line (NYSE:NCLH) Trading Up 7% – Time to Buy?

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) were up 7% during trading on Thursday . The stock traded as high as $20.48 and last traded at $20.5920. Approximately 12,347,876 shares changed hands during trading, a decline of 16% from the average daily volume of 14,763,163 shares. The stock had previously closed at $19.24.

Analysts Set New Price Targets

NCLH has been the subject of a number of research reports. Morgan Stanley lowered their target price on Norwegian Cruise Line from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Susquehanna lowered their price objective on shares of Norwegian Cruise Line from $25.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Wells Fargo & Company reduced their target price on shares of Norwegian Cruise Line from $30.00 to $29.00 and set an “overweight” rating on the stock in a research report on Monday, December 1st. UBS Group increased their price target on shares of Norwegian Cruise Line from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, August 26th. Finally, Truist Financial dropped their price objective on shares of Norwegian Cruise Line from $31.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Norwegian Cruise Line has a consensus rating of “Moderate Buy” and an average target price of $28.11.

Norwegian Cruise Line Price Performance

The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 0.66 and a beta of 2.11. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 6.22. The company’s fifty day moving average is $20.54 and its two-hundred day moving average is $22.02.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Tuesday, November 4th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.03 billion. Norwegian Cruise Line had a net margin of 6.85% and a return on equity of 55.51%. Norwegian Cruise Line has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 2.100-2.100 EPS. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Harry Sommer bought 25,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was bought at an average cost of $18.52 per share, for a total transaction of $463,000.00. Following the transaction, the chief executive officer owned 720,728 shares of the company’s stock, valued at $13,347,882.56. This represents a 3.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stella David purchased 6,986 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average price of $18.59 per share, for a total transaction of $129,869.74. Following the completion of the transaction, the director directly owned 103,474 shares in the company, valued at $1,923,581.66. This trade represents a 7.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 90,029 shares of company stock valued at $1,663,575. Insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Norwegian Cruise Line

Hedge funds have recently bought and sold shares of the company. Capital International Investors grew its holdings in shares of Norwegian Cruise Line by 0.9% in the 3rd quarter. Capital International Investors now owns 52,448,740 shares of the company’s stock valued at $1,291,812,000 after buying an additional 449,142 shares during the period. State Street Corp lifted its holdings in Norwegian Cruise Line by 3.3% during the second quarter. State Street Corp now owns 16,299,409 shares of the company’s stock worth $330,552,000 after acquiring an additional 524,239 shares in the last quarter. Ariel Investments LLC grew its stake in Norwegian Cruise Line by 36.2% in the second quarter. Ariel Investments LLC now owns 12,369,377 shares of the company’s stock valued at $250,851,000 after acquiring an additional 3,288,207 shares during the period. Geode Capital Management LLC increased its holdings in shares of Norwegian Cruise Line by 3.3% in the second quarter. Geode Capital Management LLC now owns 11,636,194 shares of the company’s stock worth $235,532,000 after acquiring an additional 370,064 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Norwegian Cruise Line by 6.3% during the third quarter. Dimensional Fund Advisors LP now owns 6,606,640 shares of the company’s stock worth $162,723,000 after purchasing an additional 391,482 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.