Synovus Financial Corp Decreases Stock Position in Norwegian Cruise Line Holdings Ltd. $NCLH

Key Points

• Synovus Financial Corp reduced its stake in Norwegian Cruise Line Holdings Ltd. by 81.2%, now owning 16,785 shares after selling 72,281 shares in the first quarter, valuing their holdings at approximately $318,000.
• Norwegian Cruise Line reported $0.51 earnings per share for the last quarter, missing analysts' expectations of $0.52, with revenue at $2.52 billion, which was also below the forecast of $2.55 billion.
• Analysts are mixed on Norwegian Cruise Line, with Morgan Stanley raising its price target to $26.00 while Barclays boosted its target to $31.00, reflecting differing outlooks on the stock's performance.

Synovus Financial Corp lowered its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 81.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,785 shares of the company's stock after selling 72,281 shares during the period. Synovus Financial Corp's holdings in Norwegian Cruise Line were worth $318,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NCLH. New Age Alpha Advisors LLC purchased a new position in shares of Norwegian Cruise Line in the first quarter worth about $33,000. Versant Capital Management Inc increased its holdings in shares of Norwegian Cruise Line by 147.7% in the first quarter. Versant Capital Management Inc now owns 1,880 shares of the company's stock worth $36,000 after buying an additional 1,121 shares during the period. Raiffeisen Bank International AG purchased a new position in shares of Norwegian Cruise Line in the fourth quarter worth about $40,000. Bogart Wealth LLC increased its holdings in shares of Norwegian Cruise Line by 1,012.0% in the first quarter. Bogart Wealth LLC now owns 2,224 shares of the company's stock worth $42,000 after buying an additional 2,024 shares during the period. Finally, LRI Investments LLC purchased a new position in shares of Norwegian Cruise Line in the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Stock Down 2.0%

NCLH stock opened at $24.87 on Friday. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.21 and a fifty-two week high of $29.29. The business's 50 day moving average price is $23.21 and its two-hundred day moving average price is $20.60. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.16 and a current ratio of 0.18. The company has a market capitalization of $11.24 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 1.15 and a beta of 2.24.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). Norwegian Cruise Line had a return on equity of 59.88% and a net margin of 7.52%.The firm had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter last year, the company posted $0.40 EPS. The firm's revenue was up 6.1% on a year-over-year basis. Norwegian Cruise Line has set its Q3 2025 guidance at 1.140-1.140 EPS. FY 2025 guidance at 2.050-2.050 EPS. As a group, analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on NCLH. Morgan Stanley lifted their price objective on Norwegian Cruise Line from $24.00 to $26.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Macquarie reduced their price target on Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. TD Cowen started coverage on Norwegian Cruise Line in a report on Tuesday, July 22nd. They set a "buy" rating and a $31.00 price target on the stock. Argus restated a "hold" rating on shares of Norwegian Cruise Line in a report on Wednesday, June 18th. Finally, Barclays boosted their price target on Norwegian Cruise Line from $25.00 to $31.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $27.50.

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.

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