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

StockNews.com downgraded shares of Norwegian Cruise Line (NYSE:NCLH) from a hold rating to a sell rating in a research note released on Monday.

A number of other research analysts have also recently weighed in on NCLH. Susquehanna lifted their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a neutral rating in a research report on Friday, August 2nd. Mizuho raised shares of Norwegian Cruise Line from a neutral rating to a buy rating and upped their price target for the stock from $21.00 to $24.00 in a research report on Tuesday, May 28th. Tigress Financial reissued a strong-buy rating and issued a $32.00 price objective on shares of Norwegian Cruise Line in a research report on Friday, August 9th. Truist Financial upgraded Norwegian Cruise Line from a hold rating to a buy rating and boosted their price objective for the stock from $20.00 to $21.00 in a research note on Wednesday, May 29th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Norwegian Cruise Line from $18.00 to $20.00 and gave the company a hold rating in a research note on Tuesday, May 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has assigned 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 $22.17.

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH opened at $19.84 on Monday. The company has a market cap of $8.51 billion, a P/E ratio of 28.34, a P/E/G ratio of 0.27 and a beta of 2.70. The business has a fifty day simple moving average of $17.77 and a 200-day simple moving average of $17.99. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $21.73. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $2.37 billion during 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%. Norwegian Cruise Line’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 earnings per share. Equities research analysts forecast that Norwegian Cruise Line will post 1.37 EPS for the current year.

Institutional Trading of Norwegian Cruise Line

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC grew its holdings in Norwegian Cruise Line by 6.6% during the 4th quarter. Private Advisor Group LLC now owns 25,540 shares of the company’s stock worth $512,000 after acquiring an additional 1,581 shares in the last quarter. QRG Capital Management Inc. grew its stake in Norwegian Cruise Line by 9.8% in the fourth quarter. QRG Capital Management Inc. now owns 17,069 shares of the company’s stock worth $342,000 after purchasing an additional 1,521 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Norwegian Cruise Line by 58.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock valued at $62,240,000 after buying an additional 1,141,086 shares during the last quarter. Kentucky Retirement Systems raised its stake in Norwegian Cruise Line by 3.1% during the fourth quarter. Kentucky Retirement Systems now owns 34,039 shares of the company’s stock valued at $682,000 after buying an additional 1,013 shares in the last quarter. Finally, Norges Bank bought a new position in Norwegian Cruise Line during the 4th quarter worth approximately $83,243,000. Institutional investors own 69.58% of the company’s stock.

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.