Loop Capital upgraded shares of Norwegian Cruise Line (NYSE:NCLH – Free Report) to a strong-buy rating in a research report report published on Monday,Zacks.com reports.
Several other research analysts have also weighed in on NCLH. Morgan Stanley lowered their target price on shares of Norwegian Cruise Line from $23.00 to $20.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 5th. Citigroup reduced their price target on shares of Norwegian Cruise Line from $25.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Barclays reduced their price target on shares of Norwegian Cruise Line from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 5th. Truist Financial reduced their price target on shares of Norwegian Cruise Line from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Norwegian Cruise Line from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $21.11.
Read Our Latest Stock Analysis on NCLH
Norwegian Cruise Line Trading Up 0.5%
Norwegian Cruise Line (NYSE:NCLH – Get Free Report) last announced its earnings results on Monday, May 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.08. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.36 billion. Norwegian Cruise Line had a net margin of 5.66% and a return on equity of 47.84%. Norwegian Cruise Line’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 earnings per share. Norwegian Cruise Line has set its Q2 2026 guidance at 0.380-0.380 EPS and its FY 2026 guidance at 1.450-1.790 EPS. On average, analysts predict that Norwegian Cruise Line will post 1.48 EPS for the current year.
Insider Transactions at Norwegian Cruise Line
In other Norwegian Cruise Line news, CEO John Chidsey purchased 153,000 shares of Norwegian Cruise Line stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of $16.37 per share, with a total value 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 $18,660,817.80. This trade represents a 15.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan Z. Cohen purchased 30,000 shares of Norwegian Cruise Line stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average cost of $15.83 per share, for a total transaction of $474,900.00. Following the transaction, the director directly owned 38,912 shares of the company’s stock, valued at approximately $615,976.96. This represents a 336.62% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 212,467 shares of company stock valued at $3,500,904. 0.41% of the stock is currently owned by corporate insiders.
Institutional Trading of Norwegian Cruise Line
Several hedge funds have recently added to or reduced their stakes in NCLH. Integrated Wealth Concepts LLC raised its holdings in Norwegian Cruise Line by 26.7% in the first quarter. Integrated Wealth Concepts LLC now owns 23,133 shares of the company’s stock valued at $439,000 after acquiring an additional 4,872 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Norwegian Cruise Line by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,346 shares of the company’s stock valued at $917,000 after acquiring an additional 2,002 shares in the last quarter. Woodline Partners LP raised its holdings in Norwegian Cruise Line by 40.7% in the first quarter. Woodline Partners LP now owns 37,149 shares of the company’s stock valued at $704,000 after acquiring an additional 10,743 shares in the last quarter. Jump Financial LLC raised its holdings in Norwegian Cruise Line by 133.0% in the second quarter. Jump Financial LLC now owns 38,904 shares of the company’s stock valued at $789,000 after acquiring an additional 22,204 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in Norwegian Cruise Line by 5.1% in the second quarter. California Public Employees Retirement System now owns 766,825 shares of the company’s stock valued at $15,551,000 after acquiring an additional 37,071 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.
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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