In yesterday’s Wall Street session, Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) shares traded at $16.66, up 2.21% from the previous session.
As of this writing, 17 analysts cover Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $26.00 and a low of $14.50, we find $20.00. Given the previous closing price of $16.30, this indicates a potential upside of 22.7 percent. NCLH stock price is now -12.88% away from the 50-day moving average and 3.89% away from the 200-day moving average. The market capitalization of the company currently stands at $7.17B.
There are 9 analysts who have given it a hold rating, whereas 5 have given it a buy rating. Brokers who have rated the stock have averaged $19.87 as their price target over the next twelve months.
With the price target maintained at $17, Susquehanna recently Downgraded its rating from Positive to Neutral for Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH).
In other news, Farkas Daniel S, EVP Gen. Counsel & Asst. Sec’y sold 38,000 shares of the company’s stock on Jun 15. The stock was sold for $739,366 at an average price of $19.46. Upon completion of the transaction, the EVP Gen. Counsel & Asst. Sec’y now directly owns 244,261 shares in the company, valued at $4.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13, SVP & Chief Accounting Officer Ashby Faye L. sold 15,811 shares of the business’s stock. A total of $307,587 was realized by selling the stock at an average price of $19.45. This leaves the insider owning 174,619 shares of the company worth $2.91 million. Insiders disposed of 1,442,849 shares of company stock worth roughly $24.04 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NCLH stock. A new stake in Norwegian Cruise Line Holdings Ltd. shares was purchased by BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $35,944,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $7,005,000 in shares of NCLH during the first quarter. In the first quarter, SIMPLEX TRADING, LLC acquired a new stake in Norwegian Cruise Line Holdings Ltd. valued at approximately $6,988,000. AGF MANAGEMENT LTD acquired a new stake in NCLH for approximately $5,836,000. DRIEHAUS CAPITAL MANAGEMENT LLC purchased a new stake in NCLH valued at around $5,795,000 in the second quarter. In total, there are 669 active investors with 58.80% ownership of the company’s stock.
Monday morning saw Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) opened at $16.59. During the past 12 months, Norwegian Cruise Line Holdings Ltd. has had a low of $10.83 and a high of $22.75. As of last week, the company has a debt-to-equity ratio of 863.18, a current ratio of 0.30, and a quick ratio of 0.30. The fifty day moving average price for NCLH is $19.12 and a two-hundred day moving average price translates $16.04 for the stock.
The latest earnings results from Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) was released for Jun, 2023. According to the Travel Services Company, earnings per share came in at $0.3, beating analysts’ expectations of $0.27 by 0.03. This compares to -$1.22 EPS in the same period last year. The net profit margin was -11.90% and return on equity was -886.40% for NCLH. The company reported revenue of $2.21 billion for the quarter, compared to $1.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 85.78 percent. For the current quarter, analysts expect NCLH to generate $2.53B in revenue.
