Norwegian Cruise Line (NASDAQ:NCLH) Cut to “Hold” at BidaskClub

BidaskClub lowered shares of Norwegian Cruise Line (NASDAQ:NCLH) from a buy rating to a hold rating in a research note issued to investors on Saturday morning, BidAskClub reports.

Several other research firms have also weighed in on NCLH. Buckingham Research upgraded shares of Norwegian Cruise Line from a neutral rating to a buy rating and increased their target price for the stock from $56.00 to $61.00 in a report on Friday, August 9th. Argus set a $68.00 target price on shares of Norwegian Cruise Line and gave the stock a buy rating in a report on Wednesday, September 4th. Morgan Stanley set a $59.00 target price on shares of Norwegian Cruise Line and gave the stock a buy rating in a report on Friday, August 9th. Deutsche Bank cut their target price on shares of Norwegian Cruise Line from $71.00 to $68.00 and set a buy rating on the stock in a report on Friday, July 19th. Finally, Nomura reiterated a buy rating and issued a $64.00 target price on shares of Norwegian Cruise Line in a report on Sunday, August 11th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Norwegian Cruise Line presently has an average rating of Buy and an average target price of $65.20.

NCLH opened at $53.11 on Friday. The firm’s fifty day moving average is $51.20 and its two-hundred day moving average is $53.45. Norwegian Cruise Line has a twelve month low of $39.36 and a twelve month high of $59.71.



Norwegian Cruise Line (NASDAQ:NCLH) last posted its earnings results on Thursday, August 8th. The company reported $1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.04. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.61 billion. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $1.21 earnings per share.

In other news, CEO Rio Frank J. Del sold 4,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $53.62, for a total transaction of $214,480.00. Following the completion of the sale, the chief executive officer now owns 408,407 shares of the company’s stock, valued at $21,898,783.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Stuart sold 25,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $50.01, for a total transaction of $1,250,250.00. Following the sale, the chief executive officer now directly owns 356,873 shares of the company’s stock, valued at approximately $17,847,218.73. The disclosure for this sale can be found here. Insiders have sold 64,043 shares of company stock valued at $3,290,586 in the last three months. 0.98% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Norwegian Cruise Line by 1.0% during the second quarter. Vanguard Group Inc. now owns 22,882,081 shares of the company’s stock worth $1,227,166,000 after acquiring an additional 229,182 shares in the last quarter. BlackRock Inc. increased its position in shares of Norwegian Cruise Line by 2.3% during the second quarter. BlackRock Inc. now owns 14,176,130 shares of the company’s stock worth $760,265,000 after acquiring an additional 315,970 shares in the last quarter. Invesco Ltd. increased its position in shares of Norwegian Cruise Line by 26.0% during the second quarter. Invesco Ltd. now owns 5,783,144 shares of the company’s stock worth $310,149,000 after acquiring an additional 1,193,720 shares in the last quarter. HG Vora Capital Management LLC increased its position in shares of Norwegian Cruise Line by 23.1% during the second quarter. HG Vora Capital Management LLC now owns 3,200,000 shares of the company’s stock worth $171,616,000 after acquiring an additional 600,000 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Norwegian Cruise Line by 16.4% during the fourth quarter. Geode Capital Management LLC now owns 2,958,211 shares of the company’s stock worth $125,188,000 after acquiring an additional 416,956 shares in the last quarter. 88.85% of the stock is owned by institutional investors.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

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Analyst Recommendations for Norwegian Cruise Line (NASDAQ:NCLH)

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