Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives Average Recommendation of “Moderate Buy” from Analysts

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $29.27.

A number of research firms recently issued reports on NCLH. Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $28.00 to $32.00 in a research note on Friday, December 13th. Bank of America increased their price objective on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Truist Financial lifted their price objective on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Morgan Stanley increased their target price on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. Finally, Citigroup upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and lifted their price target for the company from $20.00 to $30.00 in a research note on Wednesday, October 9th.

Insider Buying and Selling

In related news, CFO Mark Kempa sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total value of $417,900.00. Following the transaction, the chief financial officer now owns 253,386 shares in the company, valued at approximately $7,059,333.96. This represents a 5.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Faye L. Ashby sold 38,344 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the completion of the transaction, the chief accounting officer now directly owns 116,270 shares in the company, valued at approximately $3,174,171. This represents a 24.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,344 shares of company stock worth $2,269,731. Company insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Norwegian Cruise Line

Several institutional investors and hedge funds have recently made changes to their positions in the company. Baillie Gifford & Co. acquired a new stake in Norwegian Cruise Line during the 3rd quarter worth approximately $179,146,000. Two Sigma Advisers LP increased its position in Norwegian Cruise Line by 864.9% during the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock worth $79,263,000 after buying an additional 3,464,100 shares during the period. Columbus Hill Capital Management L.P. acquired a new stake in shares of Norwegian Cruise Line during the second quarter worth $23,479,000. Dimensional Fund Advisors LP lifted its holdings in shares of Norwegian Cruise Line by 32.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after buying an additional 1,129,770 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Norwegian Cruise Line in the second quarter valued at about $15,213,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Trading Up 1.1 %

Shares of NYSE NCLH opened at $26.42 on Thursday. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line has a twelve month low of $14.69 and a twelve month high of $28.64. The company’s fifty day moving average is $26.10 and its 200-day moving average is $21.19. The stock has a market cap of $11.62 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 0.30 and a beta of 2.65.

Norwegian Cruise Line (NYSE:NCLH) last posted its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 earnings per share. Equities research analysts predict that Norwegian Cruise Line will post 1.51 EPS for the current year.

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.