Norwegian Cruise Line's (NCLH) Hold Rating Reaffirmed at Argus

Norwegian Cruise Line (NYSE:NCLH - Get Free Report)'s stock had its "hold" rating reiterated by equities researchers at Argus in a research note issued to investors on Wednesday, Marketbeat reports.

NCLH has been the topic of several other reports. Tigress Financial reiterated a "strong-buy" rating and set a $36.00 price objective on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Wells Fargo & Company increased their price target on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Wall Street Zen lowered shares of Norwegian Cruise Line from a "hold" rating to a "sell" rating in a report on Saturday, May 3rd. Jefferies Financial Group started coverage on Norwegian Cruise Line in a report on Monday, March 31st. They set a "buy" rating and a $25.00 price objective for the company. Finally, Morgan Stanley reduced 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 Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.16.

Norwegian Cruise Line Trading Down 2.2%

Shares of NCLH opened at $18.15 on Wednesday. Norwegian Cruise Line has a fifty-two week low of $14.21 and a fifty-two week high of $29.29. The company has a market capitalization of $8.11 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 0.32 and a beta of 2.12. The stock has a fifty day moving average of $17.76 and a two-hundred day moving average of $21.93. The company has a debt-to-equity ratio of 9.09, a quick ratio of 0.16 and a current ratio of 0.19.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). Norwegian Cruise Line had a net margin of 9.05% and a return on equity of 66.78%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the previous year, the company posted $0.16 earnings per share. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, analysts forecast that Norwegian Cruise Line will post 1.48 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NCLH. Capital International Investors lifted its holdings in Norwegian Cruise Line by 11.2% in the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company's stock worth $1,420,159,000 after buying an additional 5,557,951 shares in the last quarter. Ariel Investments LLC increased its position in shares of Norwegian Cruise Line by 126.8% during the first quarter. Ariel Investments LLC now owns 9,081,170 shares of the company's stock worth $172,179,000 after acquiring an additional 5,077,531 shares during the last quarter. Norges Bank purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter worth about $113,156,000. Two Sigma Advisers LP lifted its stake in shares of Norwegian Cruise Line by 99.0% in the fourth quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock worth $197,843,000 after acquiring an additional 3,824,600 shares in the last quarter. Finally, 59 North Capital Management LP purchased a new position in Norwegian Cruise Line in the first quarter valued at about $69,877,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

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.