Norwegian Cruise Line Holdings Ltd. (NCLH) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) from a buy rating to a hold rating in a report issued on Wednesday morning.

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 have also commented on NCLH. Deutsche Bank AG boosted their target price on Norwegian Cruise Line Holdings from $53.00 to $59.00 and gave the company a hold rating in a research report on Wednesday, August 9th. Buckingham Research boosted their target price on Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the company a buy rating in a research report on Wednesday, August 9th. Nomura boosted their target price on Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the company a buy rating in a research report on Wednesday, August 9th. Barclays PLC boosted their target price on Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the company an overweight rating in a research report on Thursday, August 10th. Finally, Stifel Nicolaus reaffirmed a buy rating on shares of Norwegian Cruise Line Holdings in a research report on Thursday, August 10th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of $57.94.

Shares of Norwegian Cruise Line Holdings (NASDAQ NCLH) opened at 55.78 on Wednesday. The firm has a 50 day moving average price of $55.63 and a 200 day moving average price of $52.02. The company has a market capitalization of $12.73 billion, a P/E ratio of 18.85 and a beta of 1.16. Norwegian Cruise Line Holdings has a one year low of $34.16 and a one year high of $61.48.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its earnings results on Tuesday, August 8th. The company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. Norwegian Cruise Line Holdings had a return on equity of 16.65% and a net margin of 13.22%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company posted $0.85 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts predict that Norwegian Cruise Line Holdings will post $4.00 EPS for the current fiscal year.

WARNING: “Norwegian Cruise Line Holdings Ltd. (NCLH) Downgraded by Zacks Investment Research” was originally reported by BNB Daily and is the property of of BNB Daily. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.baseball-news-blog.com/2017/08/19/norwegian-cruise-line-holdings-ltd-nclh-downgraded-by-zacks-investment-research.html.

In other news, CEO Jason Montague sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was 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 in the company, valued at approximately $3,878,979.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $54.57, for a total value of $306,956,250.00. The disclosure for this sale can be found here. Insiders sold a total of 5,651,807 shares of company stock worth $308,444,915 in the last 90 days. Company insiders own 0.98% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. DnB Asset Management AS acquired a new position in shares of Norwegian Cruise Line Holdings during the first quarter worth $658,000. Boston Advisors LLC acquired a new position in shares of Norwegian Cruise Line Holdings during the first quarter worth $217,000. Columbus Circle Investors increased its position in shares of Norwegian Cruise Line Holdings by 208.9% in the first quarter. Columbus Circle Investors now owns 648,648 shares of the company’s stock worth $32,906,000 after buying an additional 438,658 shares during the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of Norwegian Cruise Line Holdings by 37.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 10,725 shares of the company’s stock worth $544,000 after buying an additional 2,895 shares during the last quarter. Finally, Nationwide Fund Advisors acquired a new position in shares of Norwegian Cruise Line Holdings during the first quarter worth $5,717,000. Hedge funds and other institutional investors own 85.69% of the company’s stock.

About Norwegian Cruise Line Holdings

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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply