BidaskClub lowered shares of Norwegian Cruise Line (NASDAQ:NCLH) from a sell rating to a strong sell rating in a research report sent to investors on Saturday.

NCLH has been the subject of several other research reports. JPMorgan Chase & Co. decreased their price objective on shares of Norwegian Cruise Line from $70.00 to $61.00 and set an overweight rating for the company in a research note on Friday, August 10th. Zacks Investment Research downgraded shares of Norwegian Cruise Line from a hold rating to a sell rating in a research note on Tuesday, July 3rd. Macquarie upgraded shares of Norwegian Cruise Line from an underperform rating to a neutral rating and set a $55.00 price objective for the company in a research note on Friday, September 28th. Nomura decreased their price objective on shares of Norwegian Cruise Line from $72.00 to $65.00 and set a buy rating for the company in a research note on Friday, August 10th. Finally, Stifel Nicolaus upped their price objective on shares of Norwegian Cruise Line from $70.00 to $71.00 and gave the company a buy rating in a research note on Friday, August 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of $64.60.

NASDAQ:NCLH traded down $1.55 during trading hours on Friday, hitting $43.88. The company’s stock had a trading volume of 3,232,317 shares, compared to its average volume of 1,975,301. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.34 and a quick ratio of 0.31. Norwegian Cruise Line has a 52-week low of $43.46 and a 52-week high of $61.18.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings data on Thursday, August 9th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.18. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm posted $1.02 earnings per share. Norwegian Cruise Line’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, equities research analysts predict that Norwegian Cruise Line will post 3.66 EPS for the current year.

In other news, CEO Rio Frank J. Del sold 10,657 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $49.10, for a total transaction of $523,258.70. Following the completion of the sale, the chief executive officer now owns 324,286 shares in the company, valued at $15,922,442.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rio Frank J. Del sold 3,077 shares of the stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $55.99, for a total transaction of $172,281.23. Following the sale, the chief executive officer now owns 308,967 shares of the company’s stock, valued at approximately $17,299,062.33. The disclosure for this sale can be found here. Insiders have sold 19,888 shares of company stock valued at $1,011,702 in the last quarter. Insiders own 0.98% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in NCLH. Allianz Asset Management GmbH acquired a new stake in shares of Norwegian Cruise Line during the first quarter worth about $215,000. Principal Financial Group Inc. boosted its stake in shares of Norwegian Cruise Line by 14.2% during the first quarter. Principal Financial Group Inc. now owns 314,962 shares of the company’s stock worth $16,683,000 after buying an additional 39,113 shares during the period. Suntrust Banks Inc. boosted its stake in shares of Norwegian Cruise Line by 18.8% during the first quarter. Suntrust Banks Inc. now owns 14,341 shares of the company’s stock worth $758,000 after buying an additional 2,273 shares during the period. DnB Asset Management AS boosted its stake in shares of Norwegian Cruise Line by 9.1% during the second quarter. DnB Asset Management AS now owns 19,172 shares of the company’s stock worth $906,000 after buying an additional 1,600 shares during the period. Finally, IFM Investors Pty Ltd boosted its stake in shares of Norwegian Cruise Line by 62.6% during the second quarter. IFM Investors Pty Ltd now owns 9,263 shares of the company’s stock worth $438,000 after buying an additional 3,566 shares during the period. Institutional investors and hedge funds own 88.85% of the company’s stock.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

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Analyst Recommendations for Norwegian Cruise Line (NASDAQ:NCLH)

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