January 30, 2023

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Get Rating) has been assigned an average recommendation of “Hold” by the thirteen brokers currently covering the company, reports MarketBeat. Two research analysts have rated the stock with a sell recommendation, three with a hold recommendation, five with a buy recommendation and one with a strong buy recommendation. The average 12-month target price from analysts covering the stock over the past year is $19.04.

NCLH has been the subject of several research analyst reports. Citigroup raised its target price on shares of Norwegian Cruise Line to $18.00 in a research report on Tuesday, November 15. JPMorgan Chase & Co. reiterated an “Overweight” rating and price target of $30.00 (down from $35.00) on shares of Norwegian Cruise Line in a research note on Tuesday, December 6th. Tigress Financial reiterated a “Strong Buy” rating and a price target of $32.00 on shares of Norwegian Cruise Line in a research note on Friday, October 21. UBS Group lowered its target price on shares of Norwegian Cruise Line from USD 19.00 to USD 13.00 and gave the company a neutral rating in a research note on Monday 9 January. Finally, Wells Fargo & Company raised its target price on shares of Norwegian Cruise Line from $15.00 to $20.00 and gave the company an overweight rating in a research note on Wednesday, November 9th.

Insider Transactions at Norwegian Cruise Line

In other Norwegian Cruise Line news, CEO Jason Montague sold 32,879 shares of the company in a transaction on Thursday, November 10. The stock sold at an average price of $16.49 for a total value of $542,174.71. Upon completion of the sale, the Chief Executive Officer now owns 226,002 shares of the Company, valued at $3,726,772.98. The transaction was disclosed in a filing with the SEC available at this hyperlink. In related news, CEO Rio Frank J. Del sold 58,072 shares of the company’s stock in a transaction on Tuesday, November 15. The shares sold at an average price of $18.33 for a total value of $1,064,459.76. Upon completion of the transaction, the Chief Executive Officer now owns 1,344,418 shares of the Company, valued at approximately $24,643,181.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, CEO Jason Montague sold 32,879 shares of Norwegian Cruise Line stock in a transaction on Thursday, November 10th. The shares sold at an average price of $16.49 for a total value of $542,174.71. Upon completion of the sale, the Chief Executive Officer now owns 226,002 shares of the Company, valued at approximately $3,726,772.98. The disclosure for this sale can be found here. Over the past ninety days, insiders have sold 159,951 shares of the company’s shares, valued at $2,859,054. Insiders own 0.77% of the company’s shares.

Institutional trading by Norwegian Cruise Line

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Several hedge funds and other institutional investors have recently added to or reduced their holdings in NCLH. Quent Capital LLC increased its position in Norwegian Cruise Line by 66.5% in the fourth quarter. Quent Capital LLC now owns 2,064 shares of the company’s stock valued at $25,000 after purchasing an additional 824 shares last quarter. Eagle Bay Advisors LLC increased its position in Norwegian Cruise Line shares by 729.9% in the third quarter. Eagle Bay Advisors LLC now owns 2,274 shares of the company, valued at $26,000, after purchasing an additional 2,000 shares last quarter. Covestor Ltd increased its stake in Norwegian Cruise Line by 5,020.8% in the first quarter. Covestor Ltd now owns 1,229 shares of the company, valued at $27,000, after purchasing a further 1,205 shares last quarter. Truvestments Capital LLC bought a new position in Norwegian Cruise Line stock worth $28,000 during the second quarter. Finally, MADDEN SECURITIES Corp bought a new position in Norwegian Cruise Line stock worth $28,000 during the fourth quarter. Hedge funds and other institutional investors own 57.17% of the company’s shares.

Norwegian Cruise Line trading down 0.1%

NCLH shares opened at $15.42 on Thursday. Norwegian Cruise Line has a 1 year low of $10.31 and a 1 year high of $23.90. The company has a 50-day moving average of $14.81 and a 200-day moving average of $14.22. The company has a market cap of $6.50 billion, a price-to-earnings ratio of -1.86 and a beta of 2.48. The company has a debt to equity ratio of 32.25, a current ratio of 0.46 and a quick ratio of 0.43.

Norwegian Cruise Line (NYSE:NCLH – Get Rating) last issued its quarterly earnings results on Tuesday, November 8th. The company reported ($0.70) EPS for the quarter, beating the consensus estimate of ($0.75) by $0.05. Norwegian Cruise Line had a negative net margin of 88.14% and a negative return on equity of 180.24%. The company had revenue of $1.62 billion in the quarter, compared to analyst estimates of $1.58 billion. On average, the research analysts expect Norwegian Cruise Line to report an EPS of -4.7 for the current year.

About Norwegian Cruise Line

(received rating)

Norwegian Cruise Line Holdings Ltd. is engaged in the provision of cruise travel services. It offers cruise experiences for travelers with itineraries in Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, the Caribbean, Alaska and Hawaii. It also offers an inter-island itinerary in Hawaii.

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Analyst Recommendations for Norwegian Cruise Line (NYSE:NCLH)

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