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

StockNews.com lowered shares of Norwegian Cruise Line (NYSE:NCLH) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

A number of other brokerages also recently issued reports on NCLH. Stifel Nicolaus lifted their price objective on shares of Norwegian Cruise Line from $26.00 to $27.00 and gave the stock a buy rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. lifted their price objective on shares of Norwegian Cruise Line from $22.00 to $23.00 and gave the stock a neutral rating in a research report on Tuesday, August 6th. Wells Fargo & Company lifted their price objective on shares of Norwegian Cruise Line from $19.00 to $20.00 and gave the stock an equal weight rating in a research report on Tuesday, May 21st. Truist Financial raised shares of Norwegian Cruise Line from a hold rating to a buy rating and lifted their price objective for the stock from $20.00 to $21.00 in a research report on Wednesday, May 29th. Finally, Bank of America lifted their target price on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a neutral rating in a research note on Tuesday, July 23rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $22.38.

Norwegian Cruise Line Trading Down 0.9 %

NYSE NCLH opened at $16.95 on Wednesday. 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 company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 0.26 and a beta of 2.70. The company’s 50-day simple moving average is $17.60 and its two-hundred day simple moving average is $17.90. Norwegian Cruise Line has a one year low of $12.70 and a one year high of $21.73.

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

Institutional Trading of Norwegian Cruise Line

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new position in shares of Norwegian Cruise Line in the 2nd quarter valued at $523,000. Quarry LP lifted its stake in shares of Norwegian Cruise Line by 419.1% in the 2nd quarter. Quarry LP now owns 5,669 shares of the company’s stock valued at $107,000 after purchasing an additional 4,577 shares during the period. Magnolia Capital Advisors LLC acquired a new position in shares of Norwegian Cruise Line in the 2nd quarter valued at $193,000. Creative Planning lifted its stake in shares of Norwegian Cruise Line by 4.0% in the 2nd quarter. Creative Planning now owns 511,375 shares of the company’s stock valued at $9,609,000 after purchasing an additional 19,734 shares during the period. Finally, Algert Global LLC lifted its stake in shares of Norwegian Cruise Line by 375.5% in the 2nd quarter. Algert Global LLC now owns 232,401 shares of the company’s stock valued at $4,367,000 after purchasing an additional 183,521 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.