NEW YORK, January 25, 2017 /PRNewswire/ --
The Resorts and Casinos industry may be divided into two categories: those that operate strictly in the hospitality market, and those running resorts and gaming businesses. Companies in this segment are highly dependent on the business cycle and consumer discretionary spending. This morning, Stock-Callers.com has issued research reports on the following equities: Norwegian Cruise Line Holdings Ltd (NASDAQ: NCLH), Boyd Gaming Corp. (NYSE: BYD), Penn National Gaming Inc. (NASDAQ: PENN), and ILG Inc. (NASDAQ: ILG). Register now and get full and free access to our downloadable research reports on these stocks at:
Norwegian Cruise Line
Miami, Florida headquartered Norwegian Cruise Line Holdings Ltd.'s stock finished Tuesday's session 1.83% higher at $46.84, with a total trading volume of 1.24 million shares. The Company's shares have advanced 4.25% in the past month, 23.30% over the previous three months, and 10.13% since the start of this year. The stock is trading 10.10% above its 50-day moving average and 11.37% above its 200-day moving average. Additionally, shares of Norwegian Cruise Line Holdings, which through its subsidiaries, provides cruise experiences for travelers with various itineraries in North America, the Mediterranean, the Baltic, Central America, Bermuda, and the Caribbean, have a Relative Strength Index (RSI) of 67.97.
On December 14th, 2016, NCL Corporation Ltd, a subsidiary of Norwegian Cruise Line, announced the results of its previously announced cash tender offer to purchase any and all of its 5.25% senior notes due 2019 having an aggregate outstanding principal amount of $680.0 million. NCL Corp. has accepted to purchase approximately $394.2 million (or approximately 57.96%) of the 5.25% Senior Notes. Access our complete research report on NCLH for free at:
On Tuesday, shares in Las Vegas, Nevada headquartered Boyd Gaming Corp. recorded a trading volume of 1.01 million shares. The stock ended the session 1.29% higher at $19.59. The Company's shares have advanced 5.04% in the previous three months. The stock is trading 1.58% above its 200-day moving average. Moreover, shares of Boyd Gaming, which together with its subsidiaries, operates as a multi-jurisdictional gaming company, have an RSI of 46.99.
On January 17th, 2017, research firm Morgan Stanley upgraded the Company's stock rating from 'Equal-Weight' to 'Overweight'.
On January 19th, 2017, Boyd Gaming announced the completion of its $45 million expansion project at Delta Downs Racetrack Casino Hotel. The centerpiece of the expansion project is an all-new, 167-room hotel tower, completed in late 2016. The property's original 200-room hotel tower also received a complete redesign. All 367 rooms feature a luxurious and modern feel, with dark wood textures, chocolate and smoky grey color palettes, and abstract modern art. The complimentary research report on BYD can be downloaded at:
Penn National Gaming
Shares in Wyomissing, Pennsylvania-based Penn National Gaming Inc. closed the day 1.39% higher at $13.89. The stock recorded a trading volume of 862,025 shares. The Company's shares have gained 4.12% in the previous three months and 0.73% on an YTD basis. The stock is trading 0.63% above its 50-day moving average. Additionally, shares of Penn National Gaming, which owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment, have an RSI of 53.12.
On January 05th, 2017, research firm JP Morgan downgraded the Company's stock rating from 'Overweight' to 'Neutral', with a target price of $16 per share.
On January 19th, 2017, the Company announced that it has entered into new senior secured credit facilities and completed its other previously announced refinancing transactions for the purpose of refinancing its existing credit facilities and its existing senior unsecured notes, and raising additional capital for general corporate purposes. Penn National Gaming's new senior secured credit facilities are comprised of a $700 million revolving credit facility with a maturity of five years, a $300 million term loan A facility with a maturity of five years and a $500 million term loan B facility with a maturity of seven years. Register for free on Stock-Callers.com and get access to the latest PDF format report on PENN at:
At the close, shares in Miami, Florida headquartered ILG Inc. finished 1.88% higher at $18.39. The stock recorded a trading volume of 1.03 million shares, which was above its three months average volume of 900,080 shares. The Company's shares have advanced 1.43% in the last one month, 13.09% over the previous three months, and 1.21% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 1.76% and 12.35%, respectively. Furthermore, shares of ILG, which together with its subsidiaries, provides non-traditional lodging covering a portfolio of leisure businesses from vacation exchange and rental to vacation ownership, have an RSI of 57.71. Download your free research report on ILG at:
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