Key Points
- CEO John Chidsey bought 153,000 shares of Norwegian Cruise Line on May 22 at an average price of $16.37, a transaction worth about $2.5 million. The purchase increased his direct holdings by 15.5% to 1,139,940 shares.
- The stock rose 4.8% and opened at $17.08, though it remains below its 50-day and 200-day moving averages. The company also carries a high debt-to-equity ratio of 5.75.
- Recent earnings beat estimates, with Q1 EPS of $0.23 versus $0.15 expected and revenue up 9.6% year over year. Analysts still have a consensus Hold rating, with an average price target of $21.06.
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) CEO John Chidsey purchased 153,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average price of $16.37 per share, with a total value of $2,504,610.00. Following the acquisition, the chief executive officer directly 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Norwegian Cruise Line Stock Up 4.8%
Shares of NYSE NCLH opened at $17.08 on Wednesday. The company has a debt-to-equity ratio of 5.75, a quick ratio of 0.18 and a current ratio of 0.21. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 1.04 and a beta of 1.92. The stock has a 50 day moving average price of $18.42 and a 200 day moving average price of $20.30. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.53 and a 52-week high of $27.18.
Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.08. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.36 billion. Norwegian Cruise Line had a return on equity of 47.84% and a net margin of 5.66%.Norwegian Cruise Line's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. Sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts recently issued reports on NCLH shares. Citigroup lowered their price target on Norwegian Cruise Line from $25.00 to $21.00 and set a "buy" rating for the company in a report on Tuesday, May 5th. Bank of America lowered their price target on Norwegian Cruise Line from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday, March 3rd. TD Cowen cut their price objective on shares of Norwegian Cruise Line from $27.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, May 15th. Truist Financial cut their price objective on shares of Norwegian Cruise Line from $25.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, May 22nd. Finally, Weiss Ratings raised shares of Norwegian Cruise Line from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Norwegian Cruise Line presently has a consensus rating of "Hold" and an average price target of $21.06.
View Our Latest Stock Analysis on NCLH
Institutional Investors Weigh In On Norwegian Cruise Line
Hedge funds have recently made changes to their positions in the stock. SHP Wealth Management purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter worth $26,000. MUFG Securities EMEA plc purchased a new stake in shares of Norwegian Cruise Line during the 2nd quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter worth $31,000. Clearstead Advisors LLC lifted its stake in shares of Norwegian Cruise Line by 130.2% during the 4th quarter. Clearstead Advisors LLC now owns 1,607 shares of the company's stock worth $36,000 after purchasing an additional 909 shares during the last quarter. Finally, Aventura Private Wealth LLC purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter worth $42,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.
Norwegian Cruise Line Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
