1 week Ago By ABMN Staff
Shares of Norwegian Cruise Line Holdings Ltd. ( NYSE:NCLH – Get Free Report ) dropped 2.7% during mid-day trading on Friday .
The stock traded as low as $25.22 and last traded at $25.23.
Approximately 759,658 shares traded hands during trading, a decline of 83% from the average daily volume of 4,564,708 shares. The stock had previously closed at $25.92.
Analyst Ratings Changes Several equities analysts recently commented on NCLH shares. Morgan Stanley upped their price objective on Norwegian Cruise Line from $19.00 to $26.
00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. Argus raised Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co.
lifted their price objective on Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, December 17th.
Deutsche Bank Aktiengesellschaft upped their price objective on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a report on Friday, November 1st.
Finally, Barclays upgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $28.00 to $32.00 in a research note on Friday, December 13th.
One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.27.
Get Our Latest Stock Report on Norwegian Cruise Line Norwegian Cruise Line Trading Down 1.9 % Norwegian Cruise Line ( NYSE:NCLH – Get Free Report ) last released its earnings results on Thursday, October 31st. The company reported $0.
99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05.
Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%.
The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion.
During the same quarter in the previous year, the company posted $0.71 EPS. Norwegian Cruise Line’s quarterly revenue was up 10.
7% compared to the same quarter last year. As a group, equities research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.
51 EPS for the current year. Insiders Place Their Bets In other Norwegian Cruise Line news, CFO Mark Kempa sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.
86, for a total value of $417,900.00. Following the completion of the sale, the chief financial officer now owns 253,386 shares in the company, valued at approximately $7,059,333.
96. The trade was a 5.59 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Also, CAO Faye L. Ashby sold 38,344 shares of the stock in a transaction that occurred on Friday, November 8th.
The shares were sold at an average price of $27.30, for a total value of $1,046,791.20.
Following the sale, the chief accounting officer now directly owns 116,270 shares of the company’s stock, valued at approximately $3,174,171. This trade represents a 24.80 % decrease in their position.
The disclosure for this sale can be found here . Insiders sold 82,344 shares of company stock valued at $2,269,731 over the last three months. Insiders own 0.
52% of the company’s stock. Hedge Funds Weigh In On Norwegian Cruise Line A number of hedge funds have recently modified their holdings of the company. Baillie Gifford & Co.
bought a new position in shares of Norwegian Cruise Line during the third quarter valued at approximately $179,146,000. Two Sigma Advisers LP raised its holdings in Norwegian Cruise Line by 864.9% in the 3rd quarter.
Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock worth $79,263,000 after purchasing an additional 3,464,100 shares in the last quarter. Columbus Hill Capital Management L.P.
purchased a new stake in shares of Norwegian Cruise Line in the 2nd quarter worth about $23,479,000. Dimensional Fund Advisors LP boosted its stake in shares of Norwegian Cruise Line by 32.9% during the 2nd quarter.
Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after purchasing an additional 1,129,770 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of Norwegian Cruise Line during the second quarter valued at about $15,213,000.
Hedge funds and other institutional investors own 69.58% of the company’s stock. Norwegian Cruise Line Company Profile ( Get Free Report ) Norwegian Cruise Line Holdings Ltd.
, together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.
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