Norwegian Cruise Line (NYSE:NCLH) Upgraded 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 report issued on Thursday.

Several other equities research analysts have also issued reports on the company. Morgan Stanley lifted their price target on Norwegian Cruise Line from $14.00 to $15.00 and gave the company an underweight rating in a report on Tuesday, March 5th. The Goldman Sachs Group started coverage on shares of Norwegian Cruise Line in a research report on Wednesday, March 13th. They issued a neutral rating and a $19.00 target price for the company. Wells Fargo & Company restated an equal weight rating and set a $18.00 price target on shares of Norwegian Cruise Line in a report on Friday, January 5th. Citigroup decreased their price objective on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a neutral rating for the company in a report on Monday, February 12th. Finally, Barclays cut their target price on Norwegian Cruise Line from $21.00 to $20.00 and set an equal weight rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of Hold and an average target price of $20.67.

Norwegian Cruise Line Stock Up 0.3 %

Norwegian Cruise Line stock traded up $0.04 during trading hours on Thursday, hitting $15.99. The company had a trading volume of 17,016,675 shares, compared to its average volume of 13,771,958. The firm’s fifty day moving average is $19.11 and its 200-day moving average is $17.47. The firm has a market capitalization of $6.86 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 0.33 and a beta of 2.59. Norwegian Cruise Line has a fifty-two week low of $12.70 and a fifty-two week high of $22.75. 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 (NYSE:NCLH) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. During the same period last year, the company posted ($1.10) earnings per share. On average, research analysts forecast that Norwegian Cruise Line will post 1 earnings per share for the current year.

Institutional Trading of Norwegian Cruise Line

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its stake in shares of Norwegian Cruise Line by 2.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 21,605 shares of the company’s stock worth $452,000 after acquiring an additional 537 shares during the last quarter. Wealth Management Partners LLC increased its holdings in shares of Norwegian Cruise Line by 5.1% during the 3rd quarter. Wealth Management Partners LLC now owns 16,600 shares of the company’s stock worth $274,000 after purchasing an additional 800 shares during the period. State of Michigan Retirement System increased its holdings in shares of Norwegian Cruise Line by 0.7% during the 4th quarter. State of Michigan Retirement System now owns 116,479 shares of the company’s stock worth $2,334,000 after purchasing an additional 800 shares during the period. GAMMA Investing LLC raised its position in shares of Norwegian Cruise Line by 20.7% during the first quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $109,000 after buying an additional 888 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in shares of Norwegian Cruise Line by 1.0% in 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. Institutional investors and hedge funds 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.