Norwegian Cruise Line (NYSE:NCLH) Reaches New 1-Year High Following Analyst Upgrade

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) shares reached a new 52-week high during mid-day trading on Tuesday after Morgan Stanley raised their price target on the stock from $19.00 to $26.00. Morgan Stanley currently has an underweight rating on the stock. Norwegian Cruise Line traded as high as $27.93 and last traded at $27.88, with a volume of 1318006 shares trading hands. The stock had previously closed at $27.82.

A number of other research analysts also recently issued reports on NCLH. JPMorgan Chase & Co. lifted their price objective on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Argus raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Macquarie increased their price objective on Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Truist Financial boosted their target price on Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, Citigroup upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price target for the company from $20.00 to $30.00 in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.20.

Insider Buying and Selling

In other Norwegian Cruise Line news, CFO Mark Kempa sold 15,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total transaction of $417,900.00. Following the sale, the chief financial officer now directly owns 253,386 shares of the company’s stock, valued at approximately $7,059,333.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Faye L. Ashby sold 38,344 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the sale, the chief accounting officer now owns 116,270 shares in the company, valued at approximately $3,174,171. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total transaction of $417,900.00. Following the completion of the transaction, the chief financial officer now owns 253,386 shares of the company’s stock, valued at approximately $7,059,333.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,344 shares of company stock worth $2,269,731. 0.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On Norwegian Cruise Line

Institutional investors and hedge funds have recently modified their holdings of the business. Transcendent Capital Group LLC purchased a new position in Norwegian Cruise Line during the first quarter worth approximately $27,000. Avior Wealth Management LLC increased its position in shares of Norwegian Cruise Line by 34.1% in the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after buying an additional 429 shares in the last quarter. Sentry Investment Management LLC acquired a new position in shares of Norwegian Cruise Line during the 2nd quarter worth approximately $39,000. Blue Trust Inc. lifted its position in shares of Norwegian Cruise Line by 489.8% during the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after buying an additional 1,817 shares in the last quarter. Finally, Huntington National Bank grew its stake in Norwegian Cruise Line by 173.1% in the 3rd quarter. Huntington National Bank now owns 3,504 shares of the company’s stock valued at $72,000 after acquiring an additional 2,221 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The firm’s fifty day moving average is $21.94 and its 200 day moving average is $18.95. The company has a market cap of $12.26 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 0.28 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. The business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 earnings per share. As a group, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current fiscal year.

Norwegian Cruise Line Company Profile

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.