BidaskClub Downgrades Norwegian Cruise Line (NCLH) to Sell
Norwegian Cruise Line (NASDAQ:NCLH) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
Other equities analysts have also issued research reports about the stock. Argus initiated coverage on shares of Norwegian Cruise Line in a research report on Wednesday, October 25th. They set a “buy” rating and a $68.00 price target for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $67.00 price target (down previously from $69.00) on shares of Norwegian Cruise Line in a research report on Thursday, October 19th. Tigress Financial reaffirmed a “buy” rating on shares of Norwegian Cruise Line in a research report on Monday, November 27th. Wedbush set a $65.00 price target on shares of Norwegian Cruise Line and gave the stock a “buy” rating in a research report on Sunday, November 12th. Finally, Morgan Stanley upped their price target on shares of Norwegian Cruise Line from $58.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $63.07.
Norwegian Cruise Line (NASDAQ NCLH) opened at $54.66 on Tuesday. Norwegian Cruise Line has a 52-week low of $43.90 and a 52-week high of $61.48. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 0.34. The company has a market cap of $12,490.00, a P/E ratio of 17.08, a P/E/G ratio of 0.56 and a beta of 1.09.
Norwegian Cruise Line (NASDAQ:NCLH) last issued its quarterly earnings results on Thursday, November 9th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.82 by $0.04. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business posted $1.62 earnings per share. Norwegian Cruise Line’s revenue for the quarter was up 11.2% compared to the same quarter last year. equities research analysts expect that Norwegian Cruise Line will post 3.66 EPS for the current fiscal year.
In other news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $54.11, for a total value of $270,550,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jason Montague sold 15,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $55.08, for a total transaction of $826,200.00. The disclosure for this sale can be found here. 0.98% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the company. QUANTRES ASSET MANAGEMENT Ltd purchased a new position in shares of Norwegian Cruise Line in the fourth quarter valued at $628,000. Aurora Investment Counsel purchased a new position in shares of Norwegian Cruise Line in the fourth quarter valued at $1,501,000. GSA Capital Partners LLP boosted its stake in shares of Norwegian Cruise Line by 81.6% in the third quarter. GSA Capital Partners LLP now owns 26,588 shares of the company’s stock valued at $1,437,000 after purchasing an additional 11,946 shares during the period. IFM Investors Pty Ltd purchased a new position in shares of Norwegian Cruise Line in the third quarter valued at $259,000. Finally, Guardian Capital LP purchased a new position in shares of Norwegian Cruise Line in the third quarter valued at $254,000. Institutional investors and hedge funds own 88.85% of the company’s stock.
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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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