Norwegian Cruise Line (NYSE:NCLH) Cut to "Sell" at StockNews.com

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

NCLH has been the topic of a number of other reports. Loop Capital reduced their price objective on shares of Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday. Northcoast Research initiated coverage on Norwegian Cruise Line in a research note on Friday, April 25th. They issued a "buy" rating and a $21.00 price target on the stock. Morgan Stanley decreased their price target on Norwegian Cruise Line from $22.00 to $21.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Tigress Financial reiterated a "strong-buy" rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Finally, The Goldman Sachs Group decreased their target price on Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $26.32.

Norwegian Cruise Line Stock Up 6.6 %

NYSE:NCLH traded up $1.07 during midday trading on Friday, reaching $17.33. The company had a trading volume of 25,968,823 shares, compared to its average volume of 12,759,154. Norwegian Cruise Line has a 12-month low of $14.21 and a 12-month high of $29.29. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 0.24 and a beta of 2.27. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The stock's fifty day simple moving average is $18.52 and its 200-day simple moving average is $23.59.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.15 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 EPS. On average, sell-side analysts anticipate that Norwegian Cruise Line will post 1.48 earnings per share for the current fiscal year.

Institutional Trading of Norwegian Cruise Line

A number of institutional investors have recently added to or reduced their stakes in NCLH. Burns Matteson Capital Management LLC lifted its position in shares of Norwegian Cruise Line by 4.0% during the 1st quarter. Burns Matteson Capital Management LLC now owns 17,618 shares of the company's stock valued at $334,000 after acquiring an additional 677 shares during the period. Victory Capital Management Inc. raised its holdings in Norwegian Cruise Line by 1.6% during the first quarter. Victory Capital Management Inc. now owns 1,328,308 shares of the company's stock worth $25,185,000 after purchasing an additional 20,849 shares during the last quarter. Wealthfront Advisers LLC boosted its position in Norwegian Cruise Line by 23.8% during the first quarter. Wealthfront Advisers LLC now owns 17,208 shares of the company's stock worth $326,000 after purchasing an additional 3,308 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in Norwegian Cruise Line by 33.2% in the first quarter. Apollon Wealth Management LLC now owns 14,058 shares of the company's stock valued at $267,000 after purchasing an additional 3,501 shares during the last quarter. Finally, Bogart Wealth LLC increased its position 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 valued at $42,000 after buying an additional 2,024 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.

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