Norwegian Cruise Line (NASDAQ: NCLH) was downgraded by BidksClub research analysts from a "sell" classification to a "strong sell" rating in a research report released to customers and investors on Thursday 9 August.
Several other research agencies have recently also issued reports on NCLH. Zacks Investment Research lowered the Norwegian Cruise Line from a & # 39; hold & # 39; credit to a & # 39; sell & # 39; rating in a research report on Wednesday, April 25. Deutsche Bank has the Norwegian Cruise Line from a & # 39; hold & # 39; credit to a & # 39; buy & # 39; credit was upgraded and a price target of $ 66.00 on the shares was set in a report on Wednesday, April 18. Bank of America set a price target of $ 72.00 on Norwegian Cruise Line and gave the shares a "buy" rating in a report on Monday, May 28th. Finally, Morgan Stanley lowered their target price on Norwegian Cruise Line from $ 64.00 to $ 58.00 and announced an "equal weight" rating on the shares on Tuesday, June 5. Two analysts have rated the shares with a sell rating, two have given a hold rating and ten have assigned a buy-rating to the company's shares. The company currently has a consensus score of "buy" and an average price target of $ 64.18.
Shares of the Norwegian Cruise Line shares were $ 0.29 on Thursday and reached $ 53.61. The share had a trading volume of 1,921,214 shares, compared with the average volume of 1,980,327. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.34 and a quick ratio of 0.31. Norwegian Cruise Line has a low of 52 weeks of $ 46.16 and a height of 52 weeks of $ 61.18.
Norwegian Cruise Line (NASDAQ: NCLH) published its quarterly results for the last time on Thursday, August 9th. The company reported $ 1.21 earnings per share for the quarter and defeated Thomson Reuters' consensus estimate of $ 1.03 with $ 0.18. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The company had sales of $ 1.52 billion during the quarter compared to the $ 1.5 billion consensus estimate. In the same period of the previous year, the company earned $ 1.02 EPS. The company's turnover increased by 13.2% compared to the same quarter last year. Research analysts expect Norwegian Cruise Line to book 3.66 profit per share for the current fiscal year.
In related news, CEO Rio Frank J. Del sold 22,743 shares of the shares in a transaction on Tuesday 3 July. The stock has been sold at an average price of $ 46.96 for a total value of $ 1,068,011.28. After the transaction, the chief executive officer now holds 357,021 shares of the company's shares, worth approximately $ 16,765,706.16. The sale was announced in an application to the Securities & Exchange Commission, which is available through this link. CEO Rio Frank J. Del sold 3.077 shares of the company in a transaction on Wednesday 18 July. The shares were sold at an average price of $ 50.22, for a total value of $ 154,526.94. After the completion of the transaction, the chief executive officer now holds 331,501 shares directly in the company, valued at $ 16,947,980.22. The information for this sale can be found here. Insiders have sold a total of 42,631 company shares in the last ninety days worth $ 2,072,144. Business mixers hold 0.98% of the company's shares.
Major investors have recently increased or reduced their holdings in the company. Truvestments Capital LLC acquired a new participation in Norwegian Cruise Line shares worth approximately $ 273,000 in the second quarter. Bank of New York Mellon Corp grew by 31.8% in Norwegian Cruise Line shares in the second quarter. Bank of New York Mellon Corp now holds 3,482,343 shares of the company's shares worth $ 164,541,000 after the acquisition of another 840,909 shares in the last quarter. In the second quarter Schroder Investment Management Group acquired a new participation in shares of Norwegian Cruise Line worth approximately $ 9,521,000. Andra AP fairs expanded its stake in Norwegian Cruise Line shares by 5.7% in the second quarter. Andra AP Fonden now holds 96,500 shares of the company's shares with a value of $ 4,560,000 after the acquisition of another 5,200 shares in the last quarter. Finally, M Holdings Securities Inc. acquired in the second quarter a new participation in shares of Norwegian Cruise Line worth about $ 292,000. 88.85% of the shares are currently held by institutional investors.
Norwegian Cruise Line Company Profile
Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The company manages the brands Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company had 25 vessels with approximately 50,400 berths, as of May 1, 2017. The company's brands offer routes to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada , Bermuda, the Caribbean, Alaska and Hawaii.
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