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

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report)'s share price reached a new 52-week high during 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 traded. The stock had previously closed at $27.82.

A number of other equities research analysts have also recently commented on NCLH. StockNews.com upgraded shares of Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Mizuho boosted their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. JPMorgan Chase & Co. increased their price target on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Monday, September 16th. Macquarie raised their price objective on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Finally, Bank of America upped their price target on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $27.20.

Insiders Place Their Bets

In other news, CFO Mark Kempa sold 15,000 shares of the stock in a transaction that occurred on 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 directly owns 253,386 shares in the company, valued at approximately $7,059,333.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Faye L. Ashby sold 38,344 shares of the company's stock in a transaction dated 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 represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the chief financial officer now owns 253,386 shares of the company's stock, valued at approximately $7,059,333.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,344 shares of company stock worth $2,269,731 in the last quarter. 0.52% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Norwegian Cruise Line

Institutional investors have recently made changes to their positions in the stock. Transcendent Capital Group LLC bought a new stake in shares of Norwegian Cruise Line during the first quarter worth $27,000. Avior Wealth Management LLC increased its stake in Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company's stock valued at $35,000 after purchasing an additional 429 shares in the last quarter. Sentry Investment Management LLC bought a new position in Norwegian Cruise Line during the 2nd quarter valued at $39,000. Blue Trust Inc. boosted its holdings in Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company's stock valued at $41,000 after purchasing an additional 1,817 shares in the last quarter. Finally, Huntington National Bank raised its holdings 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. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Stock Up 0.1 %

The firm has a market capitalization of $12.25 billion, a P/E ratio of 25.52, a P/E/G ratio of 0.28 and a beta of 2.67. 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 stock's 50-day simple moving average is $21.94 and its 200-day simple moving average is $18.95.

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

About Norwegian Cruise Line

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.