Tigress Financial Issues Positive Forecast for Norwegian Cruise Line (NYSE:NCLH) Stock Price

Norwegian Cruise Line (NYSE:NCLH) had its price objective boosted by Tigress Financial from $32.00 to $36.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a strong-buy rating on the stock.

Several other equities research analysts have also issued reports on NCLH. Bank of America lifted their price target on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Mizuho upped their price objective on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Citigroup upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $20.00 to $30.00 in a research report on Wednesday, October 9th. Finally, Macquarie upped their price target on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.60.

Norwegian Cruise Line Stock Performance

Shares of NCLH opened at $26.67 on Monday. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The stock has a 50-day moving average price of $22.35 and a 200-day moving average price of $19.07. The company has a market cap of $11.73 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 0.29 and a beta of 2.67. Norwegian Cruise Line has a 12-month low of $14.10 and a 12-month high of $28.11.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. The business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS. As a group, equities analysts forecast that Norwegian Cruise Line will post 1.64 earnings per share for the current fiscal year.

Insider Activity at Norwegian Cruise Line

In related news, insider Andrea Demarco sold 29,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total value of $805,040.00. Following the completion of the sale, the insider now directly owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. This represents a 22.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the transaction, the chief accounting officer now directly owns 116,270 shares in the company, valued at $3,174,171. This represents a 24.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,344 shares of company stock worth $2,269,731. 0.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Avior Wealth Management LLC lifted its position in shares of Norwegian Cruise Line by 34.1% in the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after acquiring an additional 429 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Norwegian Cruise Line by 2.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock valued at $509,000 after purchasing an additional 500 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Norwegian Cruise Line by 1.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock worth $944,000 after purchasing an additional 509 shares in the last quarter. Mount Lucas Management LP boosted its stake in Norwegian Cruise Line by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 22,055 shares of the company’s stock worth $452,000 after purchasing an additional 516 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of Norwegian Cruise Line by 1.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock valued at $918,000 after buying an additional 521 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.