Norwegian Cruise Line (NYSE:NCLH) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Norwegian Cruise Line (NYSE:NCLH) from a sell rating to a hold rating in a research report released on Thursday morning.

A number of other equities analysts also recently issued reports on NCLH. Mizuho initiated coverage on shares of Norwegian Cruise Line in a report on Tuesday, March 26th. They set a neutral rating and a $21.00 price objective on the stock. The Goldman Sachs Group began coverage on shares of Norwegian Cruise Line in a report on Wednesday, March 13th. They set a neutral rating and a $19.00 price target on the stock. Stifel Nicolaus reaffirmed a buy rating and issued a $25.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday, April 9th. Morgan Stanley boosted their target price on Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an underweight rating in a research note on Tuesday, March 5th. Finally, Barclays decreased their price target on Norwegian Cruise Line from $21.00 to $20.00 and set an equal weight rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Norwegian Cruise Line presently has a consensus rating of Hold and a consensus price target of $20.67.

Norwegian Cruise Line Trading Up 0.3 %

NYSE:NCLH opened at $15.99 on Thursday. The company has a debt-to-equity ratio of 33.16, a current ratio of 0.24 and a quick ratio of 0.19. Norwegian Cruise Line has a one year low of $12.70 and a one year high of $22.75. The company has a market cap of $6.86 billion, a PE ratio of 22.84, a PEG ratio of 0.33 and a beta of 2.59. The firm has a 50-day moving average of $19.11 and a 200-day moving average of $17.47.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the firm posted ($1.10) earnings per share. As a group, equities research analysts expect that Norwegian Cruise Line will post 1 EPS for the current fiscal year.

Hedge Funds Weigh In On Norwegian Cruise Line

Several large investors have recently modified their holdings of the business. YHB Investment Advisors Inc. purchased a new position in shares of Norwegian Cruise Line in the first quarter valued at $39,000. 1832 Asset Management L.P. purchased a new position in Norwegian Cruise Line during the 4th quarter valued at about $44,000. Larson Financial Group LLC increased its position in shares of Norwegian Cruise Line by 38.0% during the third quarter. Larson Financial Group LLC now owns 3,574 shares of the company’s stock valued at $59,000 after buying an additional 984 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Norwegian Cruise Line by 85.8% in the third quarter. Parkside Financial Bank & Trust now owns 3,726 shares of the company’s stock worth $61,000 after buying an additional 1,721 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in shares of Norwegian Cruise Line in the first quarter valued at approximately $61,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

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.