Norwegian Cruise Line (NASDAQ:NCLH) Lifted to “Sell” at BidaskClub

BidaskClub upgraded shares of Norwegian Cruise Line (NASDAQ:NCLH) from a strong sell rating to a sell rating in a research note issued to investors on Saturday, BidAskClub reports.

A number of other research analysts have also recently issued reports on the stock. Wells Fargo & Co raised their price target on shares of Norwegian Cruise Line from $68.00 to $70.00 and gave the stock an outperform rating in a report on Friday, May 10th. They noted that the move was a valuation call. Buckingham Research raised shares of Norwegian Cruise Line from a neutral rating to a buy rating and raised their price target for the stock from $56.00 to $61.00 in a report on Friday, August 9th. Morgan Stanley decreased their price target on shares of Norwegian Cruise Line from $65.00 to $60.00 and set an overweight rating for the company in a report on Thursday, July 25th. Nomura raised their price target on shares of Norwegian Cruise Line from $65.00 to $69.00 and gave the stock a buy rating in a report on Friday, May 10th. Finally, Deutsche Bank decreased their price target on shares of Norwegian Cruise Line from $71.00 to $68.00 and set a buy rating for the company in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $64.57.

NASDAQ:NCLH opened at $50.44 on Friday. Norwegian Cruise Line has a 52 week low of $39.36 and a 52 week high of $59.71. The company’s 50 day moving average price is $49.88.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its earnings results on Thursday, August 8th. The company reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.04. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the company earned $1.21 EPS. The company’s revenue was up 9.3% on a year-over-year basis.

In other news, CEO Rio Frank J. Del sold 3,076 shares of the stock in a transaction on Monday, June 17th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rio Frank J. Del sold 22,743 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 434,837 shares in the company, valued at approximately $23,146,373.51. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,675 shares of company stock valued at $4,268,786. Corporate insiders own 0.98% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Norwegian Cruise Line in the first quarter worth $89,000. Exane Derivatives increased its stake in shares of Norwegian Cruise Line by 41.3% in the first quarter. Exane Derivatives now owns 1,724 shares of the company’s stock worth $95,000 after acquiring an additional 504 shares during the period. NEXT Financial Group Inc increased its stake in shares of Norwegian Cruise Line by 53.6% in the second quarter. NEXT Financial Group Inc now owns 2,351 shares of the company’s stock worth $126,000 after acquiring an additional 820 shares during the period. Advisory Services Network LLC increased its stake in shares of Norwegian Cruise Line by 721.9% in the second quarter. Advisory Services Network LLC now owns 2,556 shares of the company’s stock worth $137,000 after acquiring an additional 2,245 shares during the period. Finally, Price Wealth Management Inc. acquired a new stake in shares of Norwegian Cruise Line in the second quarter worth $141,000. Hedge funds and other institutional investors 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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