Norwegian Cruise Line (NYSE:NCLH) Trading Down 2.3%

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s share price traded down 2.3% during trading on Friday . The stock traded as low as $15.87 and last traded at $15.92. 1,133,444 shares were traded during mid-day trading, a decline of 91% from the average session volume of 12,985,919 shares. The stock had previously closed at $16.30.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Barclays raised their price target on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Bank of America lifted their price objective on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Norwegian Cruise Line from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, May 21st. Finally, UBS Group lifted their price objective on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Norwegian Cruise Line has a consensus rating of “Hold” and an average price target of $22.38.

Norwegian Cruise Line Stock Performance

The company has a market cap of $6.86 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 0.29 and a beta of 2.69. The firm’s fifty day moving average is $17.76 and its 200 day moving average is $17.89. 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 released its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (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 analyst estimates of $2.38 billion. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.17 EPS 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 company’s stock in a transaction dated Friday, May 31st. The stock was acquired at an average price of $16.50 per share, with a total value of $220,440.00. Following the completion of the acquisition, the director now directly owns 13,360 shares of the company’s stock, valued at $220,440. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Bleakley Financial Group LLC boosted its position in shares of Norwegian Cruise Line by 9.3% during the 1st quarter. Bleakley Financial Group LLC now owns 15,095 shares of the company’s stock valued at $316,000 after acquiring an additional 1,281 shares during the last quarter. Van ECK Associates Corp lifted its position in Norwegian Cruise Line by 875.2% in the first quarter. Van ECK Associates Corp now owns 122,448 shares of the company’s stock valued at $2,563,000 after buying an additional 109,892 shares during the last quarter. Wellington Management Group LLP lifted its position in Norwegian Cruise Line by 5.3% in the fourth 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 during the last quarter. Dimensional Fund Advisors LP lifted its position in 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 buying an additional 1,141,086 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in Norwegian Cruise Line in the first quarter valued at about $87,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

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.