Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) have received a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $21.79.

NCLH has been the subject of several research reports. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Truist Financial upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and boosted their target price for the company from $20.00 to $21.00 in a research note on Wednesday, May 29th. Morgan Stanley increased their target price on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Tuesday, March 5th. Wells Fargo & Company lifted their price target on shares of Norwegian Cruise Line from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday, May 21st. Finally, Susquehanna dropped their price objective on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd.

Norwegian Cruise Line Trading Down 7.5 %

NYSE NCLH opened at $16.56 on Friday. The company’s fifty day moving average price is $17.29 and its two-hundred day moving average price is $18.07. The company has a market capitalization of $7.10 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 0.30 and a beta of 2.62. Norwegian Cruise Line has a 12 month low of $12.70 and a 12 month high of $22.75. The company has a debt-to-equity ratio of 33.16, a current ratio of 0.24 and a quick ratio of 0.22.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. As a group, research analysts predict that Norwegian Cruise Line will post 1.16 earnings per share for the current fiscal year.

Insider Transactions at Norwegian Cruise Line

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne bought 13,360 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average cost of $16.50 per share, for a total transaction of $220,440.00. Following the transaction, the director now directly owns 13,360 shares in the company, valued at $220,440. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC raised its stake in shares of Norwegian Cruise Line by 73.7% during the first quarter. Cetera Advisors LLC now owns 29,683 shares of the company’s stock valued at $621,000 after purchasing an additional 12,592 shares in the last quarter. Cetera Investment Advisers increased its stake in Norwegian Cruise Line by 170.1% during the 1st quarter. Cetera Investment Advisers now owns 93,155 shares of the company’s stock valued at $1,950,000 after buying an additional 58,660 shares during the period. Tidal Investments LLC increased its stake in Norwegian Cruise Line by 12.2% during the 1st quarter. Tidal Investments LLC now owns 18,561 shares of the company’s stock valued at $388,000 after buying an additional 2,012 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of Norwegian Cruise Line by 25.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 15,213 shares of the company’s stock worth $318,000 after buying an additional 3,123 shares in the last quarter. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Norwegian Cruise Line in the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Company Profile

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.