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

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $27.60.

NCLH has been the topic of a number of recent analyst reports. Citigroup upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $30.00 in a report on Wednesday, October 9th. Barclays boosted their price target on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. The Goldman Sachs Group raised their price objective on Norwegian Cruise Line from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Morgan Stanley upped their target price on Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th.

Insider Buying and Selling at Norwegian Cruise Line

In related news, CFO Mark Kempa sold 15,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total value of $417,900.00. Following the sale, the chief financial officer now owns 253,386 shares of the company’s stock, valued at $7,059,333.96. This trade represents a 5.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Faye L. Ashby sold 38,344 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the transaction, the chief accounting officer now directly owns 116,270 shares of the company’s stock, valued at $3,174,171. The trade was a 24.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,344 shares of company stock worth $2,269,731 over the last ninety days. Company insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of hedge funds have recently made changes to their positions in the business. nVerses Capital LLC acquired a new position in shares of Norwegian Cruise Line during the third quarter valued at $615,000. Charles Schwab Investment Management Inc. increased its stake in Norwegian Cruise Line by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock valued at $71,791,000 after buying an additional 94,178 shares during the period. Principal Financial Group Inc. raised its position in shares of Norwegian Cruise Line by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 514,087 shares of the company’s stock worth $10,544,000 after buying an additional 30,182 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Norwegian Cruise Line by 26.7% in the 2nd quarter. Mackenzie Financial Corp now owns 1,008,327 shares of the company’s stock worth $18,946,000 after acquiring an additional 212,787 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of Norwegian Cruise Line by 7.0% in the third quarter. New York State Common Retirement Fund now owns 905,441 shares of the company’s stock valued at $18,571,000 after acquiring an additional 59,375 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

Shares of NYSE:NCLH opened at $26.89 on Friday. The business’s 50-day simple moving average is $24.21 and its 200 day simple moving average is $19.92. The company has a market cap of $11.82 billion, a P/E ratio of 24.67, a PEG ratio of 0.30 and a beta of 2.67. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line has a one year low of $14.69 and a one year high of $28.11.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 earnings per share. On average, sell-side analysts forecast that Norwegian Cruise Line will post 1.51 earnings per share 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.