Norwegian Cruise Line Has The Best Fleet In The Industry
Activist Stocks • 13 Comments
Activist Stocks • 13 Comments
Mon, Jun. 27, 10:04 AM
- Worries over the economic fallout of Brexit intensified in London today after easyJet (OTCQX:ESYJY) said the Brexit vote will likely lead to “additional economic and consumer uncertainty” over the summer - a key time for cruise operators.
- Carnival (CCL -4%), Royal Caribbean (RCL -4%), Norwegian Cruise (NCLH -3.1%), Lindblad (LIND +2%)
Tue, May 10, 9:16 AM
Tue, May 10, 7:17 AM
- Norwegian Cruise Line Holdings (NASDAQ:NCLH) reports adjusted net yield rose 3.6% on a constant currency basis in Q1 to $212.42.
- Passenger ticket revenue increased 10% to $740.11M.
- The occupancy rate during the quarter was up 140 bps to 107.4%.
- On the expense side, fuel price per metric ton was down 17% Y/Y.
- The cruise line operator discloses that its current booked position for 2016 is on par with last year's levels and at higher prices.
- NCLH +5.93% premarket to $52.17.
- Previously: Norwegian Cruise Line Holdings beats by $0.01, misses on revenue (May 10)
Mon, Apr. 18, 5:40 PM
Tue, Feb. 23, 11:28 AM
- Norwegian Cruise Line Holdings (NCLH +7.2%) trades higher after issuing a positive outlook for bookings to the Caribbean, Alaska, and Bermuda.
- The company says its strong booked position has continued into the Wave season and there are encouraging early trends for 2017.
- Norwegian beat EPS estimates in Q4 due in part to a drop in gross cruise costs per day to $209.99 from $212.35 a year ago.
- Previously: Norwegian Cruise Line Holdings EPS in-line, misses on revenue (Feb. 23 2016)
Tue, Feb. 9, 10:35 AM
- Cruise line stocks are scrapping out gains as they look to recover from a dismal start to the year. Carnival (CCL +0.5%), Royal Caribbean (RCL +2.1%), and Norwegian Cruise Line Holdings (NCLH +0.8%) are all moderately higher
- Beyond the headline macroeconomic news that can impact demand, cruise line operators are working through concerns over the Zika virus in the Caribbean.
- Positive drivers in the sector include the long-term potential in China, the low oil price environment, and premium pricing.
- YTD pain: Carnival -23%, Norwegian Cruise Line Holdings -34%, Royal Caribbean -33%.
Tue, Feb. 2, 11:32 AM
- The cruise line sector is being hit hard by weak guidance from Royal Caribbean.
- The company pointed to some weak pricing in the Mediterranean and Brazil (Olympics year) during its conference call.
- Norwegian Cruise Line Holdings (NCLH -8.4%) and Carnival (CCL -6%) are both lower off the weak outlook.
- Previously: Royal Caribbean Cruises beats by $0.02, misses on revenue (Feb. 2)
- Previously: Royal Caribbean slumps on soft full-year profit guidance (Feb. 2)
Thu, Jan. 28, 5:38 PM
Thu, Jan. 28, 11:38 AM
- The spread of the Zika virus in the Americas could have an impact on the cruise line sector.
- Royal Caribbean (RCL -3.8%), Carnival (CCL -2.9%), and Norwegian Cruise Line Holdings (NCLH -4%) have already gotten in front of the development by announcing that pregnant women can reschedule cruises to destinations impacted by the virus.
- The World Health Organization issued a stark assessment of the virus earlier today.
- Previously: WHO issues warning on Zika virus (Jan. 28 2016)
Dec. 9, 2015, 12:01 PM
- Norwegian Cruise Line Holdings (NCLH -3.2%) slips after Goldman Sachs downgrades the stock to a Sell rating from Neutral.
- The call is based off the expectation that net yields at Norwegian could be pressured by higher costs related to China and a two-week drydock of Pride of America.
- GS sets a $50 price target on the cruise line operator.
Nov. 9, 2015, 9:56 AM
- "We have significant available liquidity beyond the planned investment in the expansion of our fleet," says Lindblad Expeditions (LIND +2.1%) COO and CFO Ian Rogers, as the company - alongside its Q3 results - announces a $20M share/warrant repurchase program.
- Q3 tour revenue of $58.6M up 13.8% Y/Y. Adjusted EBITDA of $15.8M up 16.2%. Company says its on track to meet its full-year 2015 guidance, and sees early indicators of a strong booking pace for 2016 - 63% of ticket revenue for 2016 booked as of Oct.15 vs. 61% a year ago.
- Lindblad has an LOI for two new ships to be built, with expected deliveries in Q2 of 2017 and 2018.
- John McLain will join as new CFO, effective tomorrow, allowing Ian Rogers to focus on COO duties.
- SA author and Lindblad bull Dane Capital Management notes Lindblad has had a nice run higher since bottoming out in late August, but competitors RCL and NCLH have had even bigger moves. The two larger companies trade at 15x enterprise value/EBITDA vs. LIND at 10x.
- LIND's balance sheet affords not just the buyback and two new ships, but also the opportunity for bolt-on acquisitions, says Dane. It's an inexpensive growth story, currently ignored, but maybe about to change as sell-side coverage could soon begin.
May 20, 2015, 8:25 AM
- Shares of Norwegian Cruise Line Holdings (NASDAQ:NCLH) are lower in early action after one of the company's ships struck a reef off the coast of Bermuda.
- The company says a temporary malfunction of the steering system is to blame for the mishap.
- Previously: Norwegian Cruise Line Holdings ship stuck after striking reef (May. 19 2015)
- NCLH -3.75% premarket to $55.15.
May 19, 2015, 5:40 PM
Apr. 20, 2015, 10:50 AM
- Cruise line stocks trade lower after 2015 guidance from Royal Caribbean comes in below expectations.
- Concerns in the sector include higher fuel prices, the impact of a strong U.S. dollar, and tepid demand from European travelers.
- Declliners: Carnival (NYSE:CCL) -0.7%, Carnival ADRs (NYSE:CUK) -1.2%, Norwegian Cruise Line Holdings (NASDAQ:NCLH) -1.7%.
- Previously: Royal Caribbean Cruises beats by $0.06, misses on revenue
- Previously: Royal Caribbean -5.8% after guidance disappoints
Mar. 27, 2015, 9:46 AM
- The cruise sector is rallying hard after Carnival beats on the bottom line and issues strong booking guidance.
- The benefit from lower oil prices during Carnival's quarter appears to have come in even larger than what some analysts forecast.
- Gainers: Norwegian Cruise Line Holdings (NASDAQ:NCLH) +4.4%, Royal Caribbean (NYSE:RCL) +5.0%, Carnival ADRs (NYSE:CUK) +4.9%.
- Previously: Carnival beats by $0.10, misses on revenue
- Previously: Carnival sees large FQ1 benefit from lower fuel costs
Mar. 6, 2015, 8:16 AM| Mar. 6, 2015, 8:16 AM
Norwegian Cruise Line Holdings Ltd. operates as a holding company. It is a global cruise line operator, which offers cruise experiences for travelers with a wide variety of itineraries in North America, Mediterranean, Baltic, Central America, Bermuda and Caribbean. It also offers an entirely... More
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