Rating On Watch: Bernstein: Time To Decrease Faith In Norwegian Cruise Line (NASDAQ:NCLH)

November 23, 2016 - By Richard Conner

Rating On Watch: Bernstein: Time To Decrease Faith In Norwegian Cruise Line (NASDAQ:NCLH)

Norwegian Cruise Line (NASDAQ:NCLH) Downgrade

In a an analyst note issued to investors and clients on 23 November, Bernstein downgraded shares of Norwegian Cruise Line (NASDAQ:NCLH) to a “Mkt Perform” rating from a “Outperform” rating.

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 29.92% above today’s ($39.77) stock price. Norwegian Cruise Line has been the topic of 26 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was downgraded by UBS on Wednesday, October 5 to “Neutral”. Stifel Nicolaus maintained the shares of NCLH in a report on Wednesday, August 5 with “Buy” rating. The firm has “Sell” rating by Goldman Sachs given on Wednesday, December 9. As per Wednesday, July 20, the company rating was maintained by Stifel Nicolaus. On Wednesday, August 5 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Buy” rating by Citigroup given on Tuesday, September 13. JP Morgan downgraded the shares of NCLH in a report on Thursday, October 27 to “Neutral” rating. The stock has “Peer Perform” rating given by Wolfe Research on Wednesday, November 18. The firm earned “Outperform” rating on Friday, September 9 by Bernstein. The rating was downgraded by SunTrust to “Hold” on Wednesday, October 19.

About 196,685 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 Q2 2016. Its down 0.11, from 1.09 in 2016Q1. The ratio dived, 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.

First Foundation Advisors has 0.02% invested in the company for 5,425 shares. Kistler accumulated 0% or 31 shares. The Michigan-based Ls Advsrs Limited Com has invested 0.01% in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH). Kbc Grp Nv, a Belgium-based fund reported 60,874 shares. Moreover, Geode Limited Co has 0.02% invested in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) for 1.08 million shares. Swiss Bankshares holds 0.03% of its portfolio in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) for 447,100 shares. State Street Corp last reported 2.75 million shares in the company. Moreover, Herndon Mgmt Ltd Limited Liability Company has 0% invested in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) for 1,338 shares. Tremblant Group Incorporated holds 1.28% or 552,844 shares in its portfolio. Moreover, Cibc Asset Mgmt has 0.01% invested in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) for 26,002 shares. Axa last reported 211,000 shares in the company. Blackrock Fund Advsr reported 1.48 million shares or 0.01% of all its holdings. Blackrock Institutional Trust Na holds 0.02% or 3.86 million shares in its portfolio. Capstone Investment Advsrs Ltd Liability, a New York-based fund reported 78,100 shares. Retirement Systems Of Alabama has 0.02% invested in the company for 106,000 shares.

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

Norwegian Cruise Line Holdings Ltd. is a global cruise company. The company has a market cap of $9.19 billion. The Firm operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. It has a 15.13 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: Sun-Sentinel.com and their article: “Miami-based Norwegian debuts new Harvest Caye resort-style cruise port in Belize” published on November 21, 2016 as well as Fool.com‘s news article titled: “Why Norwegian Cruise Line Holdings Ltd. Dropped 14% in June” with publication date: July 12, 2016.

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