Norwegian Cruise Line (NCLH) Cut to Sell at BidaskClub

BidaskClub lowered shares of Norwegian Cruise Line (NASDAQ:NCLH) from a hold rating to a sell rating in a report released on Tuesday morning.

NCLH has been the subject of several other reports. Zacks Investment Research downgraded shares of Norwegian Cruise Line from a hold rating to a sell rating in a report on Wednesday, October 11th. Stifel Nicolaus restated a buy rating and set a $67.00 target price (down from $69.00) on shares of Norwegian Cruise Line in a report on Thursday, October 19th. Tigress Financial restated a buy rating on shares of Norwegian Cruise Line in a report on Monday, November 27th. Macquarie downgraded shares of Norwegian Cruise Line from a neutral rating to an underperform rating and set a $47.00 target price for the company. in a report on Thursday, November 30th. Finally, Barclays raised their target price on shares of Norwegian Cruise Line from $64.00 to $67.00 and gave the company an overweight rating in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. Norwegian Cruise Line currently has a consensus rating of Hold and a consensus price target of $63.00.

Shares of Norwegian Cruise Line (NCLH) traded up $1.69 during midday trading on Tuesday, hitting $57.85. 2,057,632 shares of the company traded hands, compared to its average volume of 1,720,000. 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 has a 12-month low of $44.20 and a 12-month high of $61.48. The firm has a market capitalization of $13,220.00, a PE 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 announced its quarterly earnings data on Thursday, November 9th. The company reported $1.86 EPS for the quarter, beating the Thomson Reuters’ 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 last year, the business earned $1.62 earnings per share. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. research analysts forecast that Norwegian Cruise Line will post 3.66 earnings per share for the current fiscal year.

In other news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of Norwegian Cruise Line stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $54.11, for a total transaction of $270,550,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jason Montague sold 15,000 shares of Norwegian Cruise Line stock in a transaction dated 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. Insiders own 0.98% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Norwegian Cruise Line by 3.5% during the second quarter. Vanguard Group Inc. now owns 12,863,375 shares of the company’s stock worth $698,352,000 after buying an additional 431,979 shares in the last quarter. Capital International Investors grew its holdings in shares of Norwegian Cruise Line by 2.3% during the second quarter. Capital International Investors now owns 10,443,697 shares of the company’s stock worth $566,988,000 after buying an additional 237,338 shares in the last quarter. Capital World Investors boosted its position in shares of Norwegian Cruise Line by 6.0% in the second quarter. Capital World Investors now owns 10,004,516 shares of the company’s stock worth $543,145,000 after acquiring an additional 569,196 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Norwegian Cruise Line by 11.1% in the third quarter. Janus Henderson Group PLC now owns 8,232,552 shares of the company’s stock worth $444,968,000 after acquiring an additional 822,804 shares during the last quarter. Finally, DSM Capital Partners LLC boosted its position in shares of Norwegian Cruise Line by 106.1% in the third quarter. DSM Capital Partners LLC now owns 3,591,761 shares of the company’s stock worth $194,135,000 after acquiring an additional 1,848,761 shares during the last quarter. Institutional investors and hedge funds 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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