Zacks Investment Research Lowers Norwegian Cruise Line Holdings Ltd. (NCLH) to Sell

Zacks Investment Research cut shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) from a hold rating to a sell rating in a research note released on Wednesday.

According to Zacks, “Norwegian Cruise Line is a cruise line operator. It offers cruise itineraries in various locations, including destinations in the Caribbean, Bermuda, the Bahamas, Mexico, Alaska, Europe, Hawaii, New England, Central America, North Africa, and Scandinavia. The company markets its services primarily through retail/travel agents. Norwegian Cruise Line is headquartered in Miami, Florida. “

Other equities analysts have also recently issued research reports about the company. BidaskClub cut Norwegian Cruise Line Holdings from a buy rating to a hold rating in a report on Sunday, July 16th. Nomura raised their target price on Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the stock a buy rating in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) restated a neutral rating and set a $64.00 target price (up previously from $60.00) on shares of Norwegian Cruise Line Holdings in a report on Tuesday, August 15th. Argus assumed coverage on Norwegian Cruise Line Holdings in a report on Wednesday, October 25th. They set a buy rating and a $68.00 target price on the stock. Finally, Buckingham Research raised their target price on Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the stock a buy rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of Buy and an average price target of $62.53.

Shares of Norwegian Cruise Line Holdings (NASDAQ NCLH) traded down $1.66 on Wednesday, reaching $55.23. The company’s stock had a trading volume of 2,282,200 shares, compared to its average volume of 1,855,913. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.16 and a current ratio of 0.19. Norwegian Cruise Line Holdings has a 12-month low of $37.07 and a 12-month high of $61.48. The company has a market capitalization of $12,997.31, a PE ratio of 15.59, a P/E/G ratio of 0.60 and a beta of 1.12.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its earnings results on Thursday, November 9th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.04. Norwegian Cruise Line Holdings had a return on equity of 17.71% and a net margin of 13.91%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business earned $1.62 earnings per share. The company’s revenue was up 11.2% compared to the same quarter last year. equities analysts expect that Norwegian Cruise Line Holdings will post 3.82 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/11/11/zacks-investment-research-lowers-norwegian-cruise-line-holdings-ltd-nclh-to-sell.html.

In related news, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of Norwegian Cruise Line Holdings stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $54.57, for a total value of $306,956,250.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Harry Sommer sold 11,807 shares of Norwegian Cruise Line Holdings stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $58.42, for a total value of $689,764.94. Following the completion of the sale, the executive vice president now directly owns 42,195 shares in the company, valued at approximately $2,465,031.90. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Aviance Capital Management LLC acquired a new stake in Norwegian Cruise Line Holdings in the 2nd quarter valued at approximately $103,000. Toronto Dominion Bank raised its position in Norwegian Cruise Line Holdings by 12.4% in the 2nd quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock valued at $106,000 after buying an additional 216 shares during the last quarter. BB&T Investment Services Inc. acquired a new stake in Norwegian Cruise Line Holdings in the 2nd quarter valued at approximately $121,000. Pacer Advisors Inc. acquired a new stake in Norwegian Cruise Line Holdings in the 2nd quarter valued at approximately $197,000. Finally, Ameritas Investment Partners Inc. raised its position in Norwegian Cruise Line Holdings by 1.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,083 shares of the company’s stock valued at $222,000 after buying an additional 77 shares during the last quarter. 85.93% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Holdings Company Profile

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

Get a free copy of the Zacks research report on Norwegian Cruise Line Holdings (NCLH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Norwegian Cruise Line Holdings (NASDAQ:NCLH)

Receive News & Ratings for Norwegian Cruise Line Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply