Norwegian Cruise Line (NASDAQ:NCLH) Downgraded by BidaskClub to Sell

Norwegian Cruise Line (NASDAQ:NCLH) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday, June 26th, BidAskClub reports.

Several other equities research analysts also recently issued reports on NCLH. UBS Group set a €86.00 ($100.00) price objective on shares of Beiersdorf and gave the stock a “sell” rating in a research report on Tuesday, May 14th. Zacks Investment Research downgraded shares of GP Strategies from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Morgan Stanley raised their price objective on shares of Wynn Resorts from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Wells Fargo & Co reiterated a “buy” rating on shares of Amphastar Pharmaceuticals in a research report on Friday, May 10th. Finally, JPMorgan Chase & Co. set a €52.00 ($60.47) price objective on shares of Vonovia and gave the company a “buy” rating in a research note on Friday, May 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $65.00.

NCLH stock traded down $0.12 during trading hours on Wednesday, reaching $49.28. 1,068,476 shares of the stock were exchanged, compared to its average volume of 2,130,059. The firm’s 50-day simple moving average is $52.41. Norwegian Cruise Line has a 12 month low of $39.36 and a 12 month high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.12. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. Norwegian Cruise Line’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS.

In other news, CEO Rio Frank J. Del sold 3,077 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $56.52, for a total value of $173,912.04. Following the transaction, the chief executive officer now directly owns 453,968 shares in the company, valued at $25,658,271.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Rio Frank J. Del sold 22,743 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $53.23, for a total transaction of $1,210,609.89. Following the completion of the transaction, the chief executive officer now owns 434,837 shares in the company, valued at $23,146,373.51. The disclosure for this sale can be found here. Insiders sold a total of 81,752 shares of company stock worth $4,442,698 over the last quarter. Corporate insiders own 0.98% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in Norwegian Cruise Line by 14.6% in the 4th quarter. BlackRock Inc. now owns 14,287,003 shares of the company’s stock worth $605,627,000 after buying an additional 1,817,368 shares during the period. Bank of America Corp DE grew its holdings in Norwegian Cruise Line by 940.3% in the 4th quarter. Bank of America Corp DE now owns 5,763,182 shares of the company’s stock worth $244,302,000 after acquiring an additional 5,209,207 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Norwegian Cruise Line by 5.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,258,749 shares of the company’s stock worth $138,134,000 after acquiring an additional 174,266 shares during the last quarter. Norges Bank bought a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at about $131,353,000. Finally, Geode Capital Management LLC boosted its stake in shares of Norwegian Cruise Line by 16.4% during the 4th quarter. Geode Capital Management LLC now owns 2,958,211 shares of the company’s stock valued at $125,188,000 after purchasing an additional 416,956 shares in the last quarter. 88.85% of the stock is owned by institutional investors.

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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