Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) has been given a consensus rating of “Hold” by the twenty-three ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $29.56.
Several brokerages have issued reports on NCLH. Redburn Partners reissued a “neutral” rating on shares of Norwegian Cruise Line in a research report on Monday, June 22nd. Wells Fargo & Co lowered Norwegian Cruise Line from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $70.00 to $14.00 in a report on Wednesday, May 13th. They noted that the move was a valuation call. Barclays downgraded Norwegian Cruise Line from an “overweight” rating to an “equal weight” rating and set a $21.00 price objective for the company. in a research note on Wednesday. Tigress Financial reiterated a “buy” rating on shares of Norwegian Cruise Line in a research note on Wednesday, June 3rd. Finally, Morgan Stanley cut Norwegian Cruise Line from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $14.00 to $13.00 in a research note on Wednesday, June 3rd.
Shares of NASDAQ NCLH traded down $0.80 during trading hours on Friday, reaching $15.28. The stock had a trading volume of 48,400,034 shares, compared to its average volume of 36,739,965. Norwegian Cruise Line has a fifty-two week low of $7.03 and a fifty-two week high of $59.78. The firm has a 50-day moving average of $16.43 and a 200-day moving average of $31.87.
Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Norwegian Cruise Line by 27.6% during the 1st quarter. FMR LLC now owns 245,566 shares of the company’s stock valued at $13,497,000 after acquiring an additional 53,190 shares during the period. Victory Capital Management Inc. raised its holdings in Norwegian Cruise Line by 3.3% during the fourth quarter. Victory Capital Management Inc. now owns 175,615 shares of the company’s stock worth $9,457,000 after purchasing an additional 5,572 shares during the last quarter. Sei Investments Co. boosted its position in Norwegian Cruise Line by 6.4% during the fourth quarter. Sei Investments Co. now owns 60,416 shares of the company’s stock worth $3,543,000 after purchasing an additional 3,654 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Norwegian Cruise Line by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 975,918 shares of the company’s stock valued at $57,004,000 after purchasing an additional 14,280 shares during the last quarter. Finally, Comerica Bank increased its position in shares of Norwegian Cruise Line by 41.7% in the fourth quarter. Comerica Bank now owns 56,867 shares of the company’s stock valued at $3,116,000 after buying an additional 16,731 shares in the last quarter. 88.85% of the stock is currently owned by hedge funds and other institutional investors.
About Norwegian Cruise Line
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.
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