StockNews.com Lowers Norwegian Cruise Line (NYSE:NCLH) to Sell

StockNews.com lowered shares of Norwegian Cruise Line (NYSE:NCLH) from a hold rating to a sell rating in a research note released on Tuesday morning.

A number of other equities analysts have also weighed in on NCLH. Susquehanna boosted their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a neutral rating in a research report on Friday, August 2nd. Citigroup increased their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a neutral rating in a report on Tuesday, May 21st. Morgan Stanley boosted their price objective on Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an underweight rating in a research note on Wednesday, August 7th. Stifel Nicolaus raised their target price on Norwegian Cruise Line from $26.00 to $27.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Finally, Bank of America lifted their price target on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a neutral rating in a report on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $22.38.

Norwegian Cruise Line Price Performance

NYSE:NCLH opened at $19.33 on Tuesday. The stock has a 50 day moving average of $17.69 and a two-hundred day moving average of $17.98. Norwegian Cruise Line has a 12 month low of $12.70 and a 12 month high of $21.73. The firm has a market cap of $8.50 billion, a P/E ratio of 27.61, a price-to-earnings-growth ratio of 0.27 and a beta of 2.70. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.20 earnings per share. On average, analysts expect that Norwegian Cruise Line will post 1.37 earnings per share for the current fiscal year.

Institutional Trading of Norwegian Cruise Line

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Research Global Investors grew its holdings in shares of Norwegian Cruise Line by 87.8% in the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock valued at $1,143,285,000 after purchasing an additional 26,676,150 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Norwegian Cruise Line by 120.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after buying an additional 12,313,426 shares in the last quarter. Norges Bank purchased a new position in Norwegian Cruise Line in the 4th quarter valued at approximately $83,243,000. Columbus Hill Capital Management L.P. purchased a new stake in shares of Norwegian Cruise Line during the second quarter worth $23,479,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Norwegian Cruise Line by 58.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock valued at $62,240,000 after acquiring an additional 1,141,086 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.