Norwegian Cruise Line (NYSE:NCLH) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of Norwegian Cruise Line (NYSE:NCLH) from a sell rating to a hold rating in a report issued on Wednesday.

Other research analysts also recently issued research reports about the company. Barclays increased their target price on Norwegian Cruise Line from $20.00 to $21.00 and gave the company an equal weight rating in a report on Thursday, August 1st. Tigress Financial reiterated a strong-buy rating and issued a $32.00 price objective on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Bank of America boosted their target price on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the company a neutral rating in a research report on Tuesday, July 23rd. Susquehanna upped their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a neutral rating in a report on Friday, August 2nd. Finally, Macquarie increased their price target on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an outperform rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $22.57.

Norwegian Cruise Line Stock Up 4.9 %

Shares of NYSE NCLH opened at $20.39 on Wednesday. The firm has a fifty day simple moving average of $17.96 and a two-hundred day simple moving average of $18.06. Norwegian Cruise Line has a 12 month low of $12.70 and a 12 month high of $21.73. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19. The firm has a market capitalization of $8.75 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 0.30 and a beta of 2.71.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the prior year, the firm earned $0.20 earnings per share. Norwegian Cruise Line’s revenue was up 7.6% on a year-over-year basis. Equities analysts expect that Norwegian Cruise Line will post 1.38 earnings per share for the current year.

Hedge Funds Weigh In On Norwegian Cruise Line

Institutional investors and hedge funds have recently modified their holdings of the stock. Capital Research Global Investors raised its holdings in Norwegian Cruise Line by 87.8% during the 4th quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock valued at $1,143,285,000 after buying an additional 26,676,150 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Norwegian Cruise Line by 120.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after acquiring an additional 12,313,426 shares during the last quarter. Columbus Hill Capital Management L.P. purchased a new position in shares of Norwegian Cruise Line during the 2nd quarter worth about $23,479,000. Dimensional Fund Advisors LP grew its holdings in Norwegian Cruise Line by 32.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after purchasing an additional 1,129,770 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in Norwegian Cruise Line in the 2nd quarter worth about $15,213,000. Hedge funds and other institutional investors 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.