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

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has been given a consensus recommendation of “Hold” by the fourteen analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $21.79.

NCLH has been the topic of a number of research reports. Barclays decreased their target price on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Wells Fargo & Company boosted their target price 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. Mizuho upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their target price for the company from $21.00 to $24.00 in a report on Tuesday, May 28th. UBS Group boosted their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Finally, Citigroup upped their price objective on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st.

Insider Transactions at Norwegian Cruise Line

In other news, Director Zillah Byng-Thorne acquired 13,360 shares of Norwegian Cruise Line stock in a transaction on Friday, May 31st. The stock was acquired at an average cost of $16.50 per share, with a total value of $220,440.00. Following the transaction, the director now owns 13,360 shares of the company’s stock, valued at approximately $220,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP lifted its stake in shares of 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 holdings in Norwegian Cruise Line by 58.1% in the 4th 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. Mather Group LLC. purchased a new stake in shares of Norwegian Cruise Line in the 1st quarter worth about $87,000. WealthPlan Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line in the 3rd quarter worth about $1,824,000. Finally, Deutsche Bank AG lifted its position in shares of Norwegian Cruise Line by 44.3% in the 3rd quarter. Deutsche Bank AG now owns 879,293 shares of the company’s stock worth $14,491,000 after purchasing an additional 269,849 shares during the period. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Stock Performance

Shares of NYSE:NCLH opened at $17.54 on Thursday. The company’s 50 day simple moving average is $17.08 and its 200 day simple moving average is $18.04. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 0.31 and a beta of 2.69. Norwegian Cruise Line has a 1 year low of $12.70 and a 1 year 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 posted its earnings results on Wednesday, May 1st. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The firm 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 1.17 EPS for the current fiscal year.

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.