Norwegian Cruise Line (NASDAQ:NCLH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

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 equities research analysts have also weighed in on the stock. BidaskClub lowered shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Macquarie lowered shares of Norwegian Cruise Line from a “neutral” rating to an “underperform” rating and set a $47.00 target price on the stock. in a report on Thursday, November 30th. Tigress Financial reissued a “buy” rating on shares of Norwegian Cruise Line in a report on Monday, November 27th. Wedbush set a $65.00 target price on shares of Norwegian Cruise Line and gave the stock a “buy” rating in a report on Sunday, November 12th. Finally, Barclays boosted their target price on shares of Norwegian Cruise Line from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $63.00.

Norwegian Cruise Line (NASDAQ:NCLH) traded up $1.69 on Friday, reaching $57.85. 2,057,632 shares of the company’s stock were exchanged, compared to its average volume of 1,730,000. Norwegian Cruise Line has a 52-week low of $44.20 and a 52-week high of $61.48. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 1.08. The company has a market cap of $13,220.00, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 0.56 and a beta of 1.09.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its earnings results on Thursday, November 9th. The company reported $1.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.04. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the firm posted $1.62 EPS. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. research analysts expect that Norwegian Cruise Line will post 3.66 EPS for the current fiscal year.

In other news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $54.11, for a total value of $270,550,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jason Montague sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $55.08, for a total transaction of $826,200.00. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. lifted its position in shares of Norwegian Cruise Line by 1.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,083 shares of the company’s stock valued at $222,000 after acquiring an additional 77 shares during the period. M&T Bank Corp lifted its position in shares of Norwegian Cruise Line by 1.4% during the 2nd quarter. M&T Bank Corp now owns 7,609 shares of the company’s stock valued at $413,000 after acquiring an additional 103 shares during the period. Toronto Dominion Bank lifted its position in shares of Norwegian Cruise Line by 12.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock valued at $106,000 after acquiring an additional 216 shares during the period. Nordea Investment Management AB lifted its position in shares of Norwegian Cruise Line by 7.0% during the 2nd quarter. Nordea Investment Management AB now owns 4,600 shares of the company’s stock valued at $250,000 after acquiring an additional 300 shares during the period. Finally, Kalos Management Inc. lifted its position in shares of Norwegian Cruise Line by 3.4% during the 2nd quarter. Kalos Management Inc. now owns 10,555 shares of the company’s stock valued at $573,000 after acquiring an additional 343 shares during the period. Institutional investors own 88.85% of the company’s stock.

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Norwegian Cruise Line 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.

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