Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, November 8th.
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. “
A number of other research analysts also recently commented on the company. Argus assumed coverage on Norwegian Cruise Line Holdings in a report on Wednesday, October 25th. They issued a “buy” rating and a $68.00 price target for the company. Stifel Nicolaus reissued a “buy” rating and issued a $67.00 price target (down previously from $69.00) on shares of Norwegian Cruise Line Holdings in a report on Thursday, October 19th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $64.00 price objective (up previously from $60.00) on shares of Norwegian Cruise Line Holdings in a research note on Tuesday, August 15th. UBS AG restated a “neutral” rating and set a $60.00 price objective (up previously from $51.00) on shares of Norwegian Cruise Line Holdings in a research note on Thursday, August 10th. Finally, Barclays PLC upped their price objective on Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $62.80.
Shares of Norwegian Cruise Line Holdings (NASDAQ:NCLH) traded up $0.87 during midday trading on Wednesday, hitting $54.84. The stock had a trading volume of 3,963,000 shares, compared to its average volume of 1,879,679. Norwegian Cruise Line Holdings has a 52 week low of $38.66 and a 52 week high of $61.48. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.34 and a quick ratio of 0.31. The stock has a market capitalization of $12,490.00, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 0.58 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 for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.04. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.64 billion. Norwegian Cruise Line Holdings had a return on equity of 16.97% and a net margin of 13.91%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.62 earnings per share. sell-side analysts expect that Norwegian Cruise Line Holdings will post 3.69 earnings per share for the current fiscal year.
In other news, CEO Jason Montague sold 15,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $55.08, for a total value of $826,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.98% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of NCLH. Principal Financial Group Inc. raised its holdings in Norwegian Cruise Line Holdings by 57.1% during the first quarter. Principal Financial Group Inc. now owns 23,845 shares of the company’s stock valued at $1,210,000 after buying an additional 8,670 shares in the last quarter. Morgan Stanley grew its position in shares of Norwegian Cruise Line Holdings by 82.1% in the first quarter. Morgan Stanley now owns 251,407 shares of the company’s stock valued at $12,753,000 after purchasing an additional 113,323 shares during the last quarter. Amalgamated Bank grew its position in shares of Norwegian Cruise Line Holdings by 2.4% in the first quarter. Amalgamated Bank now owns 8,718 shares of the company’s stock valued at $442,000 after purchasing an additional 202 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Norwegian Cruise Line Holdings in the first quarter valued at about $244,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Norwegian Cruise Line Holdings in the first quarter valued at about $460,000. Institutional investors own 88.02% of the company’s stock.
About Norwegian Cruise Line Holdings
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.
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