Norwegian Cruise Line Holdings Ltd. (NCLH) Downgraded to Hold at SunTrust Banks Inc.
Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) was downgraded by equities research analysts at SunTrust Banks Inc. from a “buy” rating to a “hold” rating in a research note issued on Wednesday, The Fly reports.
NCLH has been the subject of several other research reports. Deutsche Bank AG set a $44.00 price target on Norwegian Cruise Line Holdings and gave the stock a “hold” rating in a report on Thursday, September 29th. Stifel Nicolaus lowered their price target on Norwegian Cruise Line Holdings from $69.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, July 20th. Wedbush downgraded Norwegian Cruise Line Holdings from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $53.00 to $45.00 in a report on Friday, October 14th. Zacks Investment Research raised Norwegian Cruise Line Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, Nomura lowered their price target on Norwegian Cruise Line Holdings from $50.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, August 10th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $53.50.
Shares of Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 38.25 on Wednesday. The company has a 50-day moving average of $36.80 and a 200 day moving average of $42.69. Norwegian Cruise Line Holdings has a 12-month low of $34.16 and a 12-month high of $64.27. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 17.23 and a beta of 1.18.
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Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Norwegian Cruise Line Holdings had a return on equity of 16.47% and a net margin of 11.09%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $0.75 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts predict that Norwegian Cruise Line Holdings will post $3.40 earnings per share for the current year.
In other Norwegian Cruise Line Holdings news, CEO Rio Frank J. Del acquired 55,623 shares of the business’s stock in a transaction dated Wednesday, August 31st. The stock was acquired at an average cost of $35.96 per share, for a total transaction of $2,000,203.08. Following the completion of the transaction, the chief executive officer now directly owns 451,171 shares of the company’s stock, valued at $16,224,109.16. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP T. Robin Lindsay acquired 12,000 shares of the business’s stock in a transaction dated Friday, September 2nd. The stock was acquired at an average price of $35.90 per share, with a total value of $430,800.00. Following the completion of the transaction, the executive vice president now directly owns 72,647 shares of the company’s stock, valued at $2,608,027.30. The disclosure for this purchase can be found here. 1.00% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of NCLH. Franklin Resources Inc. acquired a new stake in Norwegian Cruise Line Holdings during the first quarter worth approximately $27,048,000. BlackRock Inc. boosted its stake in Norwegian Cruise Line Holdings by 10.0% in the first quarter. BlackRock Inc. now owns 132,837 shares of the company’s stock worth $7,345,000 after buying an additional 12,077 shares during the period. Bessemer Group Inc. boosted its stake in Norwegian Cruise Line Holdings by 16.9% in the first quarter. Bessemer Group Inc. now owns 7,366 shares of the company’s stock worth $407,000 after buying an additional 1,066 shares during the period. Aviva PLC boosted its stake in Norwegian Cruise Line Holdings by 13.5% in the first quarter. Aviva PLC now owns 82,541 shares of the company’s stock worth $4,564,000 after buying an additional 9,787 shares during the period. Finally, Credit Agricole S A boosted its stake in Norwegian Cruise Line Holdings by 841.3% in the first quarter. Credit Agricole S A now owns 343,295 shares of the company’s stock worth $18,981,000 after buying an additional 306,824 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.
About Norwegian Cruise Line Holdings
Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. Its brands offer itineraries to over 510 destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii with a combined fleet of approximately 20 ships with over 45,000 Berths.
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