Follow The Ratings: Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) Is a Stock Bernstein Is Wary of; Firm Downgrades It

November 23, 2016 - By Ellis Scott

Follow The Ratings: Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) Is a Stock Bernstein Is Wary of; Firm Downgrades It

Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) Downgrade

Trading of Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH)‘s shares is going to be interesting today. Bernstein downgraded the stock from a Outperform to a Mkt Perform.

Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) Ratings Coverage

Out of 14 analysts covering Norwegian Cruise Line (NASDAQ:NCLH), 7 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 50% are positive. $71 is the highest target while $42 is the lowest. The $51.67 average target is 29.40% above today’s ($39.93) stock price. Norwegian Cruise Line has been the topic of 26 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) has “Peer Perform” rating given on Wednesday, November 18 by Wolfe Research. The stock has “Buy” rating given by Citigroup on Tuesday, September 13. As per Wednesday, October 5, the company rating was downgraded by UBS. The stock of Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) has “Outperform” rating given on Friday, September 9 by Bernstein. Nomura maintained Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) on Wednesday, August 10 with “Buy” rating. Citigroup maintained the shares of NCLH in a report on Tuesday, August 23 with “Buy” rating. The firm has “Neutral” rating given on Tuesday, October 4 by Macquarie Research. Buckingham Research initiated Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) on Friday, February 19 with “Buy” rating. The firm earned “Hold” rating on Wednesday, October 19 by SunTrust. Sterne Agee CRT initiated it with “Buy” rating and $60 target price in Tuesday, June 7 report.

About 497,415 shares traded hands. Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) has declined 19.45% since April 21, 2016 and is downtrending. It has underperformed by 24.78% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.98 in 2016 Q2. Its down 0.11, from 1.09 in 2016Q1. The ratio fall, as 45 funds sold all Norwegian Cruise Line Holdings Ltd shares owned while 93 reduced positions. 53 funds bought stakes while 98 increased positions. They now own 198.20 million shares or 3.72% more from 191.09 million shares in 2016Q1.

Blackrock Japan, a Japan-based fund reported 201,479 shares. Morgan Stanley accumulated 0.01% or 530,722 shares. State Board Of Administration Of Florida Retirement Systems holds 0.02% of its portfolio in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) for 191,842 shares. Quantitative Systematic Strategies Limited Company has invested 0.67% of its portfolio in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH). Dimensional Fund Limited Partnership has 0.02% invested in the company for 802,831 shares. Invesco Limited holds 0.03% of its portfolio in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) for 2.37M shares. Marianas Fund Mgmt Limited Liability last reported 4.34% of its portfolio in the stock. Wells Fargo And Mn holds 0.02% or 1.37 million shares in its portfolio. Tpg Gru (Sbs) Advsr last reported 5.33M shares in the company. Axa, a France-based fund reported 211,000 shares. Ig Management Ltd reported 136,632 shares or 0.02% of all its holdings. Canada Pension Plan Invest Board has invested 0% of its portfolio in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH). Barrow Hanley Mewhinney & Strauss Lc has 6.00 million shares for 0.36% of their US portfolio. Tiaa Cref Mngmt Lc holds 0.18% of its portfolio in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) for 6.05M shares. Citigroup holds 0% or 27,030 shares in its portfolio.

Insider Transactions: Since August 31, 2016, the stock had 2 buys, and 0 insider sales for $3.43 million net activity. 12,000 shares were bought by Lindsay T. Robin, worth $430,800. 83,498 Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) shares with value of $3.00M were bought by Del Rio Frank J.

Norwegian Cruise Line Holdings Ltd. is a global cruise company. The company has a market cap of $9.22 billion. The Firm operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. It has a 15.19 P/E ratio. The Company’s brands offer itineraries to over 510 destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii with a combined fleet of approximately 20 ships with over 45,000 Berths.

According to Zacks Investment Research, “Norwegian Cruise Line is a cruise line operator. It offers cruise itineraries in various locations, including destinations in the Caribbean, Bermuda, the Bahamas, Mexico, Alaska, Europe, Hawaii, New England, Central America, North Africa, and Scandinavia. The company markets its services primarily through retail/travel agents. Norwegian Cruise Line is headquartered in Miami, Florida.”

NCLH Company Profile

Norwegian Cruise Line Holdings Ltd. (NCLH), incorporated on February 21, 2011, is a global cruise company. The Firm operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company’s brands offer itineraries to over 510 destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii with a combined fleet of approximately 20 ships with over 45,000 Berths. The Company’s brands offer various features, amenities, and activities, including various accommodations, multiple dining venues, bars and lounges, spa, casino and retail shopping areas and various entertainment choices. All the brands offer a selection of shore excursions at each port of call, as well as hotel packages for stays before or after a voyage.

More notable recent Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) news were published by: Bizjournals.com which released: “Norwegian unveils private port with luxury beach villas, shops, restaurants …” on November 22, 2016, also Fool.com with their article: “Why Norwegian Cruise Line Holdings Ltd’s Shares Plunged 11% Today” published on August 09, 2016, Fool.com published: “Why Norwegian Cruise Line Holdings Ltd’s Shares Plunged 16% in August” on September 06, 2016. More interesting news about Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) were released by: Fool.com and their article: “Why Norwegian Cruise Line Holdings Ltd. Dropped 14% in June” published on July 12, 2016 as well as Sun-Sentinel.com‘s news article titled: “Miami-based Norwegian debuts new Harvest Caye resort-style cruise port in Belize” with publication date: November 21, 2016.

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