Norwegian Cruise Line (NYSE:NCLH) Cut to Sell at StockNews.com

Norwegian Cruise Line (NYSE:NCLH) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Several other equities research analysts have also commented on the stock. The Goldman Sachs Group increased their price target on Norwegian Cruise Line from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Morgan Stanley boosted their target price on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. Barclays increased their price target on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Macquarie increased their price target on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus increased their price target on shares of Norwegian Cruise Line from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.38.

Norwegian Cruise Line Stock Performance

NCLH stock traded down $0.32 during trading on Wednesday, reaching $17.29. The company had a trading volume of 11,227,461 shares, compared to its average volume of 12,838,773. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 0.26 and a beta of 2.69. Norwegian Cruise Line has a twelve month low of $12.70 and a twelve month high of $21.73. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24. The firm has a 50-day simple moving average of $17.67 and a 200-day simple moving average of $17.90.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $0.20 earnings per share. As a group, sell-side analysts expect that Norwegian Cruise Line will post 1.34 earnings per share for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its position in shares of Norwegian Cruise Line by 2.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 21,605 shares of the company’s stock valued at $452,000 after buying an additional 537 shares during the last quarter. Signaturefd LLC increased its position in Norwegian Cruise Line by 5.6% during the second quarter. Signaturefd LLC now owns 13,365 shares of the company’s stock worth $251,000 after purchasing an additional 705 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Norwegian Cruise Line by 5.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 13,713 shares of the company’s stock worth $258,000 after purchasing an additional 747 shares during the last quarter. GAMMA Investing LLC increased its position in Norwegian Cruise Line by 20.7% during the first quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $109,000 after purchasing an additional 888 shares during the last quarter. Finally, State of Michigan Retirement System increased its position in Norwegian Cruise Line by 0.8% during the second quarter. State of Michigan Retirement System now owns 117,479 shares of the company’s stock worth $2,207,000 after purchasing an additional 900 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Company Profile

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.