StockNews.com Downgrades 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 report released on Tuesday morning.

A number of other equities research analysts also recently issued reports on NCLH. Morgan Stanley upped their price objective on Norwegian Cruise Line from $16.50 to $17.50 and gave the company an underweight rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of Norwegian Cruise Line from $22.00 to $23.00 and gave the stock a neutral rating in a research report on Tuesday, August 6th. Mizuho upgraded Norwegian Cruise Line from a neutral rating to a buy rating and boosted their price objective for the company from $21.00 to $24.00 in a report on Tuesday, May 28th. Stifel Nicolaus increased 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, Barclays boosted their target price on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an equal weight rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and an average price target of $22.38.

Norwegian Cruise Line Trading Up 1.8 %

NCLH stock opened at $19.03 on Tuesday. The firm has a fifty day moving average price of $17.66 and a 200 day moving average price of $17.96. Norwegian Cruise Line has a fifty-two week low of $12.70 and a fifty-two week high of $21.73. The firm has a market cap of $8.16 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 0.25 and a beta of 2.71. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. The business’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS. Sell-side analysts anticipate that Norwegian Cruise Line will post 1.34 earnings per share for the current fiscal year.

Institutional Trading of Norwegian Cruise Line

Several hedge funds and other institutional investors have recently bought and sold shares of NCLH. Bleakley Financial Group LLC raised its position in shares of Norwegian Cruise Line by 9.3% in the 1st quarter. Bleakley Financial Group LLC now owns 15,095 shares of the company’s stock worth $316,000 after acquiring an additional 1,281 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Norwegian Cruise Line by 875.2% during the 1st quarter. Van ECK Associates Corp now owns 122,448 shares of the company’s stock valued at $2,563,000 after purchasing an additional 109,892 shares during the last quarter. Wellington Management Group LLP increased its position in Norwegian Cruise Line by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 201,150 shares of the company’s stock valued at $4,031,000 after buying an additional 10,174 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Norwegian Cruise Line by 58.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock worth $62,240,000 after acquiring an additional 1,141,086 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in shares of Norwegian Cruise Line in the 1st quarter valued at approximately $87,000. Institutional investors 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.