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

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

Other analysts have also recently issued reports about the stock. Wells Fargo & Co upped their target price on shares of Norwegian Cruise Line from $68.00 to $70.00 and gave the company an outperform rating in a research report on Friday, May 10th. They noted that the move was a valuation call. Deutsche Bank decreased their target price on shares of Norwegian Cruise Line from $71.00 to $68.00 and set a buy rating on the stock in a research report on Friday, July 19th. Bank of America restated a buy rating and set a $66.00 target price (down from $72.00) on shares of Norwegian Cruise Line in a research report on Friday, August 9th. UBS Group upped their target price on shares of Norwegian Cruise Line from $58.00 to $62.00 and gave the company a neutral rating in a research report on Tuesday, May 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of Norwegian Cruise Line from $63.00 to $67.00 and gave the company an overweight rating in a research report on Friday, May 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company’s stock. Norwegian Cruise Line currently has an average rating of Buy and an average price target of $64.57.

Shares of NCLH stock 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 business has a fifty day moving average of $49.88.

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

In related news, CEO Rio Frank J. Del sold 22,743 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $53.23, for a total transaction of $1,210,609.89. Following the transaction, the chief executive officer now directly owns 434,837 shares in the company, valued at approximately $23,146,373.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jason Montague sold 10,805 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $57.50, for a total transaction of $621,287.50. Following the transaction, the chief executive officer now owns 92,993 shares in the company, valued at $5,347,097.50. The disclosure for this sale can be found here. Insiders have sold a total of 78,675 shares of company stock worth $4,268,786 over the last quarter. 0.98% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of NCLH. Migdal Insurance & Financial Holdings Ltd. bought a new position in Norwegian Cruise Line during the 1st quarter valued at about $89,000. Exane Derivatives grew its holdings in Norwegian Cruise Line by 41.3% during the 1st quarter. Exane Derivatives now owns 1,724 shares of the company’s stock valued at $95,000 after purchasing an additional 504 shares during the last quarter. NEXT Financial Group Inc grew its holdings in Norwegian Cruise Line by 53.6% during the 2nd quarter. NEXT Financial Group Inc now owns 2,351 shares of the company’s stock valued at $126,000 after purchasing an additional 820 shares during the last quarter. Advisory Services Network LLC grew its holdings in Norwegian Cruise Line by 721.9% during the 2nd quarter. Advisory Services Network LLC now owns 2,556 shares of the company’s stock valued at $137,000 after purchasing an additional 2,245 shares during the last quarter. Finally, Price Wealth Management Inc. bought a new position in Norwegian Cruise Line during the 2nd quarter valued at about $141,000. 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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Analyst Recommendations for Norwegian Cruise Line (NASDAQ:NCLH)

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