Norwegian Cruise Line (NYSE:NCLH) Shares Down 5.5% - Should You Sell?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) fell 5.5% 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 research analysts recently issued reports on NCLH shares. The Goldman Sachs Group decreased their price target 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. Argus reaffirmed a "hold" rating on shares of Norwegian Cruise Line in a research report on Wednesday, June 18th. Susquehanna reduced their price target on shares of Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Truist Financial decreased 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. Finally, Citigroup upped their target price on Norwegian Cruise Line from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $25.16.

Norwegian Cruise Line Trading Up 2.4%

The business has a 50 day simple moving average of $18.00 and a 200-day simple moving average of $21.60. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 9.09. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 0.33 and a beta of 2.12.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings results 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). Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. The company had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.15 billion. During the same period in the prior year, the business earned $0.16 EPS. The business's revenue for the quarter was down 2.9% on a year-over-year basis. On average, 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital International Investors lifted its stake 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 purchasing an additional 5,557,951 shares in the last quarter. Ariel Investments LLC raised its holdings in Norwegian Cruise Line by 126.8% in the first quarter. Ariel Investments LLC now owns 9,081,170 shares of the company's stock valued at $172,179,000 after buying an additional 5,077,531 shares during the period. Norges Bank acquired a new position in Norwegian Cruise Line during the fourth quarter valued at approximately $113,156,000. Two Sigma Advisers LP increased its position in shares of Norwegian Cruise Line by 99.0% in the fourth quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock worth $197,843,000 after acquiring an additional 3,824,600 shares in the last quarter. Finally, 59 North Capital Management LP purchased a new position in shares of Norwegian Cruise Line in the 1st quarter valued at $69,877,000. 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.