Rating to Follow: Norwegian Cruise Line (NCLH) Is a Stock Bernstein Is Wary of; Firm Downgrades It

November 23, 2016 - By Peter Erickson

Rating to Follow: Norwegian Cruise Line (NCLH) Is a Stock Bernstein Is Wary of; Firm Downgrades It

Norwegian Cruise Line (NCLH) Downgrade

Bernstein lowered the shares of Norwegian Cruise Line (NCLH) from a Outperform rating to a Mkt Perform rating in a a research note revealed to investors and clients on Wednesday morning.

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

Out of 4 analysts covering Norwegian Cruise Line (NCLH), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. $45.0 is the highest target while $42.0 is the lowest. The $43.50 average target is 9.08% above today’s ($39.88) stock price. Norwegian Cruise Line has been the topic of 4 analyst reports since October 4, 2016 according to StockzIntelligence Inc. The stock of Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) earned “Neutral” rating by UBS on Wednesday, October 5. Wedbush downgraded Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) on Friday, October 14 to “Neutral” rating. The company was initiated on Tuesday, October 4 by Macquarie Research. The stock of Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) earned “Neutral” rating by JP Morgan on Thursday, October 27.

About 143,129 shares traded hands. Norwegian Cruise Line Holdings Ltd (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 worsened, 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.

Caisse De Depot Et Placement Du Quebec owns 58,800 shares or 0.01% of their US portfolio. Calvert Investment owns 12,846 shares or 0.03% of their US portfolio. Citigroup holds 27,030 shares or 0% of its portfolio. D E Shaw & Co holds 0.01% of its portfolio in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) for 83,389 shares. Fosun Intl Ltd last reported 20,000 shares in the company. Invesco holds 0.03% of its portfolio in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) for 2.37M shares. The Switzerland-based Credit Suisse Ag has invested 0.02% in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH). M&T State Bank Corp reported 7,195 shares or 0% of all its holdings. Marianas Fund Management Limited Com has 526,584 shares for 4.34% of their US portfolio. California State Teachers Retirement Sys, a California-based fund reported 345,406 shares. Lazard Asset Management Limited Liability Co, a New York-based fund reported 5.02 million shares. Old Mutual Global (Uk) holds 0.01% of its portfolio in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) for 12,202 shares. Jefferies Group Incorporated Limited Liability reported 32,044 shares or 0.01% of all its holdings. Deutsche Bancorp Ag last reported 0.02% of its portfolio in the stock. Plante Moran Fincl Ltd reported 100 shares or 0% of all its holdings.

Insider Transactions: Since August 31, 2016, the stock had 2 insider purchases, and 0 insider sales for $3.43 million net activity. 83,498 shares with value of $3.00M were bought by Del Rio Frank J on Wednesday, August 31. Another trade for 12,000 shares valued at $430,800 was made by Lindsay T. Robin on Friday, September 2.

Norwegian Cruise Line Holdings Ltd. is a global cruise company. The company has a market cap of $9.21 billion. The Firm operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. It has a 15.17 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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