Norwegian Cruise Line (NCLH) Stock Rating Lowered by Zacks Investment Research

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

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 firms have also recently commented on NCLH. Barclays increased their target price on shares of Norwegian Cruise Line from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, November 10th. Stifel Nicolaus restated a “buy” rating and set a $69.00 price target on shares of Norwegian Cruise Line in a research note on Thursday, October 12th. Argus began coverage on shares of Norwegian Cruise Line in a research note on Wednesday, October 25th. They set a “buy” rating and a $68.00 price target on the stock. SunTrust Banks upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Wednesday, January 17th. Finally, Macquarie lowered shares of Norwegian Cruise Line from a “neutral” rating to an “underperform” rating and set a $47.00 price target on the stock. in a research note on Thursday, November 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. Norwegian Cruise Line currently has a consensus rating of “Buy” and a consensus price target of $63.25.

Shares of Norwegian Cruise Line (NCLH) opened at $59.37 on Tuesday. Norwegian Cruise Line has a 52-week low of $45.15 and a 52-week high of $61.48. The firm has a market cap of $13,560.00, a P/E ratio of 18.55, a PEG ratio of 0.56 and a beta of 1.09. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.34 and a quick ratio of 0.31.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings results on Thursday, November 9th. The company reported $1.86 earnings per share for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the company earned $1.62 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. research analysts expect that Norwegian Cruise Line will post 3.66 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 shares were 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 SEC, which is accessible through this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $54.11, for a total transaction of $270,550,000.00. The disclosure for this sale can be found here. 0.98% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in NCLH. Principal Financial Group Inc. boosted its holdings in Norwegian Cruise Line by 26.6% during the second quarter. Principal Financial Group Inc. now owns 30,182 shares of the company’s stock worth $1,639,000 after buying an additional 6,337 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Norwegian Cruise Line by 50.7% during the second quarter. Alliancebernstein L.P. now owns 155,542 shares of the company’s stock worth $8,444,000 after buying an additional 52,355 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in Norwegian Cruise Line by 21.8% during the second quarter. Nationwide Fund Advisors now owns 137,291 shares of the company’s stock worth $7,454,000 after buying an additional 24,591 shares in the last quarter. Amalgamated Bank boosted its holdings in Norwegian Cruise Line by 78.2% during the second quarter. Amalgamated Bank now owns 15,532 shares of the company’s stock worth $843,000 after buying an additional 6,814 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new stake in Norwegian Cruise Line during the second quarter worth $282,000. 88.85% of the stock is currently owned by hedge funds and other institutional investors.

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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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