Investment management firm, Federated Hermes Inc. has sold off 48560 shares of Norwegian Cruise Line Holdings Ltd (NCLH) stock but still maintains a $40,000 stake. Citigroup continues to retain its neutral stance on NCLH. Despite its upward movement of 67% within a year, concerns over NCLH's debt load persist. NCLH announced a live webcast schedule for its May 20 Investor Day and reported Q4 earnings beating estimates; however, its business is yet to catch up with its share climb. It also reports a potential intrinsic value that’s 28% higher than its share price. The company has reported returning to full-year profitability and strong growth while its Q1 2024 earnings call transcript underlines future prospects. Even though NCLH performed below revenue estimates and fell on profit-taking, it managed to surpass Q1 2024 earnings expectations and raise full-year guidance. The company plans to unveil new culinary experiences aboard Norwegian Aqua and announced a long-term Fleet Expansion Plan and enhancements for Great Stirrup Cay. With a return to Q1 profit on 20% higher revenue, NCLH has managed to uplift its full-year outlook. Despite a recent drop of 11%, 62% ownership from institutional investors signifies continued interest in the company.
Norwegian Cruise Line Holdings Ltd s NCLH News Analytics from Tue, 17 Dec 2019 08:00:00 GMT to Sun, 12 May 2024 10:50:13 GMT - Rating 5 - Innovation -2 - Information 8 - Rumor -3
