Norwegian Cruise Line (NYSE:NCLH) Raised 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 report published on Wednesday morning.

NCLH has been the topic of a number of other research reports. Stifel Nicolaus reissued a buy rating and issued a $25.00 target price on shares of Norwegian Cruise Line in a research note on Tuesday, April 9th. Mizuho started coverage on Norwegian Cruise Line in a report on Tuesday, March 26th. They set a neutral rating and a $21.00 price objective on the stock. Barclays cut their target price on Norwegian Cruise Line from $21.00 to $20.00 and set an equal weight rating for the company in a research note on Thursday, May 2nd. Citigroup decreased their price target on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a neutral rating on the stock in a research note on Monday, February 12th. Finally, Morgan Stanley upped their price objective on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the company an underweight rating in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $20.67.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $16.02 on Wednesday. Norwegian Cruise Line has a twelve month low of $12.70 and a twelve month high of $22.75. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 33.16. The stock has a market cap of $6.87 billion, a P/E ratio of 23.11, a PEG ratio of 0.31 and a beta of 2.59. The business’s 50-day moving average price is $18.99 and its two-hundred day moving average price is $17.52.

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

Hedge Funds Weigh In On Norwegian Cruise Line

A number of hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Norwegian Cruise Line by 2.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 21,605 shares of the company’s stock worth $452,000 after purchasing an additional 537 shares during the period. State of Michigan Retirement System lifted its holdings in Norwegian Cruise Line by 0.7% in the 4th quarter. State of Michigan Retirement System now owns 116,479 shares of the company’s stock worth $2,334,000 after buying an additional 800 shares during the period. GAMMA Investing LLC grew its position in shares of Norwegian Cruise Line by 20.7% in the 1st quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $109,000 after buying an additional 888 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Norwegian Cruise Line by 1.0% during the third quarter. Avantax Advisory Services Inc. now owns 89,063 shares of the company’s stock valued at $1,468,000 after buying an additional 909 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Norwegian Cruise Line by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 185,665 shares of the company’s stock valued at $3,060,000 after acquiring an additional 950 shares in the last quarter. Hedge funds and other 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.