Norwegian Cruise Line (NCLH) Shares Gap Up to $53.88

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) gapped up prior to trading on Wednesday . The stock had previously closed at $51.63, but opened at $53.88. Norwegian Cruise Line shares last traded at $55.43, with a volume of 2828382 shares trading hands.

NCLH has been the subject of several research analyst reports. BidaskClub downgraded Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Zacks Investment Research raised Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Thursday, January 11th. SunTrust Banks raised Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Wednesday, January 17th. Morgan Stanley increased their price objective on Norwegian Cruise Line from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Finally, JPMorgan Chase raised Norwegian Cruise Line from a “neutral” rating to an “overweight” rating in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Norwegian Cruise Line currently has a consensus rating of “Buy” and an average price target of $64.86.

How to Become a New Pot Stock Millionaire

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 (NASDAQ:NCLH) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.05. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the business earned $0.56 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 3.66 EPS for the current year.

In other news, major shareholder Apollo Management Holdings Gp, sold 9,750,000 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $56.00, for a total transaction of $546,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.98% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB raised its position in Norwegian Cruise Line by 5.0% in the fourth quarter. Xact Kapitalforvaltning AB now owns 36,397 shares of the company’s stock worth $1,938,000 after acquiring an additional 1,725 shares in the last quarter. We Are One Seven LLC purchased a new position in Norwegian Cruise Line in the fourth quarter worth $115,000. HM Payson & Co. purchased a new position in Norwegian Cruise Line in the fourth quarter worth $1,852,000. Sterling Capital Management LLC raised its position in Norwegian Cruise Line by 2.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,351,495 shares of the company’s stock worth $71,967,000 after acquiring an additional 26,303 shares in the last quarter. Finally, Gotham Asset Management LLC purchased a new position in Norwegian Cruise Line in the fourth quarter worth $804,000. Institutional investors and hedge funds own 88.85% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This story was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://stocknewstimes.com/2018/04/20/norwegian-cruise-line-nclh-shares-gap-up-to-53-88.html.

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.

Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply