Rating Reporting: Is Bernstein Very Negative For Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) After Its Downgrade? The TP is $43.00

November 23, 2016 - By Marie Mckinney

Rating Reporting:  Is Bernstein Very Negative For Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) After Its Downgrade? The TP is $43.00

Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) Downgrade

In a a research note shared with investors on Wednesday morning, Bernstein stated it was downgrading Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) stock from a “Outperform” to a “Market Perform”. The firm has a $43.00 target on NCLH’s stock.

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 29.27% above today’s ($39.97) stock price. Norwegian Cruise Line has been the topic of 26 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Peer Perform” rating on Wednesday, November 18 by Wolfe Research. As per Monday, March 7, the company rating was maintained by SunTrust. The stock of Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) earned “Neutral” rating by Wedbush on Friday, October 14. The firm has “Buy” rating by Sterne Agee CRT given on Tuesday, June 7. The rating was upgraded by SunTrust on Thursday, March 17 to “Buy”. The stock of Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) earned “Overweight” rating by Barclays Capital on Wednesday, August 5. The firm has “Neutral” rating by JP Morgan given on Thursday, October 27. Nomura maintained the stock with “Buy” rating in Wednesday, August 10 report. Stifel Nicolaus maintained the shares of NCLH in a report on Wednesday, July 20 with “Buy” rating. The company was downgraded on Wednesday, October 19 by SunTrust.

About 449,494 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 is negative, 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.

Virginia Retirement Et Al holds 0.03% or 59,200 shares in its portfolio. Conning accumulated 0.03% or 20,000 shares. Clarivest Asset Mngmt Limited Liability Corporation has 0.3% invested in the company for 251,809 shares. Jolley Asset Mngmt Ltd Liability holds 0% or 100 shares in its portfolio. Roystone Cap Management Limited Partnership, a New York-based fund reported 846,700 shares. D E Shaw & Inc owns 83,389 shares or 0.01% of their US portfolio. Point72 Asia (Hong Kong) Limited has 25,816 shares for 1.19% of their US portfolio. Qs Ltd holds 12 shares or 0% of its portfolio. Millennium Mgmt Limited Liability Corp owns 584,431 shares or 0.05% of their US portfolio. Natixis owns 8,200 shares or 0.01% of their US portfolio. United Serv Automobile Association holds 1.11 million shares or 0.16% of its portfolio. Fosun Intll Limited last reported 20,000 shares in the company. Thomas J Herzfeld Advisors has invested 0.94% of its portfolio in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH). Gideon Cap Advsr has 5,342 shares for 0.12% of their US portfolio. Korea Investment holds 0.16% of its portfolio in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) for 666,508 shares.

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

Norwegian Cruise Line Holdings Ltd. is a global cruise company. The company has a market cap of $9.23 billion. The Firm operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. It has a 15.2 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 Nasdaq.com‘s news article titled: “Earnings Reaction History: Norwegian Cruise Line Holdings Ltd., 50.0% Follow …” with publication date: November 09, 2016.

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