Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Norwegian Cruise Line is a cruise line operator. It offers cruise itineraries in various locations, including destinations in the Caribbean, Bermuda, the Bahamas, Mexico, Alaska, Europe, Hawaii, New England, Central America, North Africa, and Scandinavia. The company markets its services primarily through retail/travel agents. Norwegian Cruise Line is headquartered in Miami, Florida. “

A number of other brokerages also recently issued reports on NCLH. Nomura raised their price target on shares of Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Buckingham Research raised their price target on shares of Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Deutsche Bank AG raised their price target on shares of Norwegian Cruise Line Holdings from $53.00 to $59.00 and gave the company a “hold” rating in a report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Norwegian Cruise Line Holdings in a report on Thursday, August 10th. Finally, Barclays PLC raised their price target on shares of Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Norwegian Cruise Line Holdings presently has an average rating of “Buy” and a consensus target price of $57.94.

Norwegian Cruise Line Holdings (NASDAQ NCLH) opened at 57.45 on Wednesday. The firm has a 50-day moving average of $55.45 and a 200-day moving average of $51.90. Norwegian Cruise Line Holdings has a 1-year low of $34.16 and a 1-year high of $61.48. The stock has a market capitalization of $13.11 billion, a PE ratio of 19.42 and a beta of 1.16.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. Norwegian Cruise Line Holdings had a net margin of 13.22% and a return on equity of 16.65%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 EPS. Equities analysts expect that Norwegian Cruise Line Holdings will post $3.97 EPS for the current fiscal year.

WARNING: “Norwegian Cruise Line Holdings Ltd. (NCLH) Rating Lowered to Hold at Zacks Investment Research” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/norwegian-cruise-line-holdings-ltd-nclh-rating-lowered-to-hold-at-zacks-investment-research/1492827.html.

In related news, CEO Jason Montague sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $53.26, for a total value of $798,900.00. Following the transaction, the chief executive officer now owns 72,831 shares of the company’s stock, valued at $3,878,979.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.98% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. BB&T Corp increased its position in Norwegian Cruise Line Holdings by 7.9% in the first quarter. BB&T Corp now owns 127,039 shares of the company’s stock worth $6,445,000 after buying an additional 9,353 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in Norwegian Cruise Line Holdings by 5.7% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,828 shares of the company’s stock worth $600,000 after buying an additional 635 shares during the last quarter. Russell Investments Group Ltd. increased its position in Norwegian Cruise Line Holdings by 23.0% in the first quarter. Russell Investments Group Ltd. now owns 186,378 shares of the company’s stock worth $9,459,000 after buying an additional 34,851 shares during the last quarter. Shell Asset Management Co. increased its position in Norwegian Cruise Line Holdings by 4.8% in the first quarter. Shell Asset Management Co. now owns 9,160 shares of the company’s stock worth $465,000 after buying an additional 421 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Norwegian Cruise Line Holdings by 55.0% in the first quarter. Janney Montgomery Scott LLC now owns 10,930 shares of the company’s stock worth $554,000 after buying an additional 3,879 shares during the last quarter. 85.69% of the stock is currently owned by institutional investors.

Norwegian Cruise Line Holdings 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.

Get a free copy of the Zacks research report on Norwegian Cruise Line Holdings (NCLH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Norwegian Cruise Line Holdings (NASDAQ:NCLH)

Receive News & Ratings for Norwegian Cruise Line Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line Holdings Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.