Norwegian Cruise Line (NYSE:NCLH) Raised to “Strong-Buy” at Wells Fargo & Company

Norwegian Cruise Line (NYSE:NCLH) was upgraded by investment analysts at Wells Fargo & Company to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other analysts also recently issued reports about the company. Stifel Nicolaus lifted their price target on Norwegian Cruise Line from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Tigress Financial boosted their target price on Norwegian Cruise Line from $36.00 to $38.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 27th. Zacks Research downgraded Norwegian Cruise Line from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. The Goldman Sachs Group cut their price objective on shares of Norwegian Cruise Line from $27.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Norwegian Cruise Line in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.37.

Norwegian Cruise Line Stock Down 0.4%

Shares of Norwegian Cruise Line stock opened at $17.77 on Monday. Norwegian Cruise Line has a 52-week low of $14.21 and a 52-week high of $29.29. The company has a 50 day moving average of $22.76 and a 200 day moving average of $21.97. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 8.05. The company has a market capitalization of $8.09 billion, a P/E ratio of 12.25, a P/E/G ratio of 0.71 and a beta of 2.22.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.03 billion. Norwegian Cruise Line had a net margin of 7.52% and a return on equity of 59.88%. Norwegian Cruise Line has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 2.100-2.100 EPS. As a group, research analysts forecast that Norwegian Cruise Line will post 1.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other Norwegian Cruise Line news, CEO Harry Sommer bought 25,000 shares of the stock in a transaction dated Thursday, November 6th. The shares were acquired at an average cost of $18.52 per share, for a total transaction of $463,000.00. Following the completion of the transaction, the chief executive officer owned 720,728 shares in the company, valued at approximately $13,347,882.56. The trade was a 3.59% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jason Montague bought 13,400 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was acquired at an average cost of $18.81 per share, for a total transaction of $252,054.00. Following the completion of the acquisition, the insider directly owned 13,400 shares in the company, valued at approximately $252,054. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 90,029 shares of company stock valued at $1,663,575. 0.41% of the stock is owned by insiders.

Institutional Investors Weigh In On Norwegian Cruise Line

Institutional investors and hedge funds have recently made changes to their positions in the business. Ariel Investments LLC increased its holdings in shares of Norwegian Cruise Line by 126.8% in the first quarter. Ariel Investments LLC now owns 9,081,170 shares of the company’s stock valued at $172,179,000 after purchasing an additional 5,077,531 shares during the period. 59 North Capital Management LP purchased a new position in Norwegian Cruise Line in the 1st quarter valued at $69,877,000. Freestone Grove Partners LP increased its stake in Norwegian Cruise Line by 338.8% in the 3rd quarter. Freestone Grove Partners LP now owns 3,690,333 shares of the company’s stock valued at $90,893,000 after buying an additional 2,849,349 shares during the period. Norges Bank purchased a new position in Norwegian Cruise Line during the 2nd quarter worth $49,620,000. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Norwegian Cruise Line by 626.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,771,061 shares of the company’s stock worth $68,251,000 after acquiring an additional 2,389,540 shares during the period. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.