Norwegian Cruise Line (NASDAQ:NCLH) had its price objective cut by Morgan Stanley from $65.00 to $60.00 in a report issued on Thursday, BenzingaRatingsTable reports. They currently have an overweight rating on the stock.
A number of other research firms have also recently issued reports on NCLH. Nomura lifted their target price on Global Payments from $94.00 to $105.00 and gave the company a reduce rating in a research report on Friday, May 10th. JPMorgan Chase & Co. set a €52.00 ($60.47) target price on Vonovia and gave the company a buy rating in a research report on Friday, May 10th. UBS Group set a €86.00 ($100.00) target price on Beiersdorf and gave the company a sell rating in a research report on Tuesday, May 14th. Wells Fargo & Co reiterated a buy rating on shares of Amphastar Pharmaceuticals in a research report on Friday, May 10th. Finally, Buckingham Research set a $30.00 target price on Andersons and gave the company a hold rating in a research report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $64.46.
NCLH stock traded up $0.28 during midday trading on Thursday, reaching $49.04. The company had a trading volume of 1,152,560 shares, compared to its average volume of 2,146,057. The company’s 50 day simple moving average is $51.54. Norwegian Cruise Line has a 1-year low of $39.36 and a 1-year high of $59.71.
Norwegian Cruise Line (NASDAQ:NCLH) last released its earnings results on Thursday, May 9th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.12. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The business’s revenue was up 8.5% on a year-over-year basis.
In other news, CEO Rio Frank J. Del sold 3,077 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $56.52, for a total transaction of $173,912.04. Following the sale, 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 accessible through the SEC website. Also, CEO Rio Frank J. Del sold 3,076 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $53.75, for a total value of $165,335.00. Following the sale, the chief executive officer now owns 450,494 shares in the company, valued at $24,214,052.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,752 shares of company stock worth $4,442,698. Company insiders own 0.98% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Machina Capital S.A.S. bought a new stake in Norwegian Cruise Line in the fourth quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Norwegian Cruise Line in the first quarter valued at approximately $89,000. Exane Derivatives boosted its holdings in Norwegian Cruise Line by 41.3% in the first quarter. Exane Derivatives now owns 1,724 shares of the company’s stock valued at $95,000 after acquiring an additional 504 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Norwegian Cruise Line by 15.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 2,196 shares of the company’s stock valued at $93,000 after acquiring an additional 290 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its holdings in Norwegian Cruise Line by 53.6% in the second quarter. NEXT Financial Group Inc now owns 2,351 shares of the company’s stock valued at $126,000 after acquiring an additional 820 shares during the last quarter. Institutional investors and hedge funds own 88.85% of the company’s stock.
Norwegian Cruise Line Company Profile
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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