Mizuho cut shares of Norwegian Cruise Line (NYSE:NCLH – Free Report) from a strong-buy rating to a hold rating in a research report released on Tuesday morning,Zacks.com reports.
Other analysts have also issued research reports about the stock. Citigroup lowered their target price on shares of Norwegian Cruise Line from $25.00 to $22.00 and set a “buy” rating for the company in a report on Friday, July 31st. BMO Capital Markets assumed coverage on Norwegian Cruise Line in a research note on Tuesday, July 7th. They issued a “market perform” rating and a $21.00 price target on the stock. TD Cowen raised their price target on Norwegian Cruise Line from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Susquehanna reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Norwegian Cruise Line in a research note on Tuesday, August 4th. Finally, Freedom Capital downgraded Norwegian Cruise Line from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat, Norwegian Cruise Line presently has an average rating of “Hold” and an average target price of $21.05.
Get Our Latest Research Report on Norwegian Cruise Line
Norwegian Cruise Line Stock Performance
Norwegian Cruise Line (NYSE:NCLH – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.41 by $0.07. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Norwegian Cruise Line had a net margin of 7.49% and a return on equity of 41.38%. Norwegian Cruise Line’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 EPS. Norwegian Cruise Line has set its Q3 2026 guidance at 0.900-0.900 EPS and its FY 2026 guidance at 1.500-1.500 EPS. Equities analysts anticipate that Norwegian Cruise Line will post 1.44 earnings per share for the current year.
Insider Activity at Norwegian Cruise Line
In other news, Director Stephen G. Pagliuca bought 685,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were bought at an average cost of $18.06 per share, for a total transaction of $12,371,100.00. Following the completion of the acquisition, the director owned 1,388,912 shares in the company, valued at approximately $25,083,750.72. This trade represents a 97.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Chidsey purchased 153,000 shares of Norwegian Cruise Line stock in a transaction dated Friday, May 22nd. The shares were purchased at an average cost of $16.37 per share, for a total transaction of $2,504,610.00. Following the completion of the transaction, the chief executive officer owned 1,139,940 shares of the company’s stock, valued at approximately $18,660,817.80. This represents a 15.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 1,533,000 shares of company stock valued at $27,496,910 in the last ninety days. Insiders own 0.25% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Elliott Investment Management L.P. bought a new stake in Norwegian Cruise Line during the 1st quarter worth approximately $246,578,000. AQR Capital Management LLC raised its holdings in Norwegian Cruise Line by 1,505.9% during the 4th quarter. AQR Capital Management LLC now owns 6,793,256 shares of the company’s stock worth $151,625,000 after buying an additional 6,370,241 shares during the period. Capital International Investors lifted its stake in Norwegian Cruise Line by 7.1% in the fourth quarter. Capital International Investors now owns 56,177,669 shares of the company’s stock valued at $1,253,886,000 after buying an additional 3,728,929 shares in the last quarter. California Public Employees Retirement System lifted its stake in Norwegian Cruise Line by 358.8% in the first quarter. California Public Employees Retirement System now owns 3,675,830 shares of the company’s stock valued at $68,738,000 after buying an additional 2,874,730 shares in the last quarter. Finally, Freestone Grove Partners LP boosted its holdings in shares of Norwegian Cruise Line by 338.8% in the third 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. 69.58% of the stock is currently owned by institutional investors.
About Norwegian Cruise Line
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a global cruise operator offering a portfolio of premium brands that includes Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company provides sea voyages and related onboard services such as dining, entertainment, shore excursions and destination experiences. Its fleet of modern vessels sails to more than 400 destinations across all seven continents, serving leisure travelers with itineraries ranging from short Caribbean getaways to extended world voyages.
Founded in 1966 by Knut Kloster and Ted Arison, the company pioneered the concept of “Freestyle Cruising,” which allows passengers greater flexibility in dining schedules, entertainment choices and onboard activities.
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