Norwegian Cruise Line (NASDAQ:NCLH) Share Price May Be About to Change Direction; Goldman Downgrades Them


Norwegian Cruise Line (NASDAQ:NCLH) Receives a Downgrade

In a comprehensive report announced on 9 December, Goldman announced that they will be downgrading shares of Norwegian Cruise Line (NASDAQ:NCLH) from a Neutral to a Sell rating.

From a total of 14 analysts covering Norwegian Cruise Line (NASDAQ:NCLH) stock, 12 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 75% of the ratings are positive. The highest target price is $73 while the lowest target price is $35. The mean of all analyst targets is $65.29 with a 20.39% above today’s ($56.98) stock price. Norwegian Cruise Line was the topic of 8 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Wolfe Research initiated shares on November 18 with “Peer Perform” rating. Stifel Nicolaus maintained NCLH stock in a recent report from August 5 with “Buy” rating.

Approximately 785,903 shares of stock traded hands. Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) has risen 20.35% since May 6, 2015 and is uptrending. It has outperformed by 21.15% the S&P500.

The overall sentiment of institutions has decreased to 1.77 in Q2 2015. Its down 0.12, from 1.89 in 2015Q2. The ratio fall, as 27 institutions have sold all the shares of Norwegian Cruise Line Holdings Ltd that they owned while 69 funds have taken shares off the table. 57 funds have purchased shares for the first time while 113 added to their positions. These institutions now hold 179.82 million shares or 0.76% more than the 178.46 million shares they owned in 2015Q2.

The Fund Apollo Management Holdings L.P. currently is holding shares equating to 58.02% of its total portfolio in Norwegian Cruise Line Holdings Ltd representing a total of 41.27 million shares. Another fund,Marianas Fund Management Llc, is holding a total of 640,534 shares equating to 7.22% of their holdings. Additionally, Roystone Capital Management Lp has a 2.40 million share stake in Norwegian Cruise Line Holdings Ltd which represents 6.58% of their total portfolio. The Fund, Waratah Capital Advisors Ltd., based out of Ontario – Canada, has also built up a stake in the stock, which represents a total of 4.89% of their total portfolio. Finally Scholtz & Company Llc, a fund which is based in the state of Connecticut reported a total holdings of 55,735 shares.

Insider activity is a very important aspect to track on any stock. Going back to May 26, 2015, shareholders of Norwegian Cruise Line Holdings Ltd have witnessed 0 buys, and a total of 2 selling transactions equating to a net activity of approximately $1.06 billion . Apollo Management Holdings Gp – Llc sold 8.00M shares worth approximately $472.24M. Star Nclc Holdings Ltd. sold 10.00 million shares worth approximately $590.30 million.

Norwegian Cruise Line Holdings Ltd. is a diversified cruise operator. The company has a market cap of $13.08 billion. The Firm operates cruise lines under the Norwegian, Oceania and Regent brands. It has 36.39 P/E ratio. Norwegian offers cruises ranging in length from one day to three weeks.

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.” Get a free copy of the Zacks research report on Norwegian Cruise Line Holdings Ltd (NCLH).