Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives $29.27 Average PT from Brokerages

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) have received an average rating of “Moderate Buy” from the sixteen analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $29.27.

Several analysts have issued reports on NCLH shares. Stifel Nicolaus boosted their price target on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, October 4th. 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. Citigroup raised 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 report on Wednesday, October 9th. The Goldman Sachs Group raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $29.00 to $35.00 in a research note on Tuesday, December 10th. Finally, UBS Group upped their target price on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th.

Norwegian Cruise Line Price Performance

NYSE NCLH opened at $25.75 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. The firm has a market capitalization of $11.32 billion, a P/E ratio of 23.62, a PEG ratio of 0.30 and a beta of 2.65. The company has a 50-day moving average price of $26.18 and a 200-day moving average price of $21.33. Norwegian Cruise Line has a 52 week low of $14.69 and a 52 week high of $28.64.

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

Insiders Place Their Bets

In other news, CAO Faye L. Ashby sold 38,344 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the transaction, the chief accounting officer now owns 116,270 shares of the company’s stock, valued at approximately $3,174,171. This represents a 24.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Andrea Demarco sold 29,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total value of $805,040.00. Following the transaction, the insider now owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. The trade was a 22.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,344 shares of company stock valued at $2,269,731 in the last three months. Corporate insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Norwegian Cruise Line

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC increased its position in shares of Norwegian Cruise Line by 34.1% during the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after acquiring an additional 429 shares during the period. Louisiana State Employees Retirement System raised its position in Norwegian Cruise Line by 2.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock valued at $509,000 after purchasing an additional 500 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Norwegian Cruise Line by 1.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock worth $944,000 after buying an additional 509 shares during the period. Mount Lucas Management LP grew its position in shares of Norwegian Cruise Line by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 22,055 shares of the company’s stock worth $452,000 after buying an additional 516 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Norwegian Cruise Line by 1.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock valued at $918,000 after buying an additional 521 shares during the period. Institutional investors own 69.58% of the company’s stock.

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.