Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) have been assigned a consensus recommendation of “Buy” from the twenty brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $64.64.
NCLH has been the topic of a number of research analyst reports. Morgan Stanley set a $59.00 target price on Norwegian Cruise Line and gave the stock a “buy” rating in a report on Friday, August 9th. Bank of America restated a “buy” rating and issued a $66.00 target price (down previously from $72.00) on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Deutsche Bank reiterated a “buy” rating on shares of Norwegian Cruise Line in a report on Friday, November 8th. Macquarie set a $65.00 price objective on Norwegian Cruise Line and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Zacks Investment Research upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating and set a $56.00 target price on the stock in a report on Monday.
NCLH traded down $0.71 during trading hours on Tuesday, hitting $52.44. The stock had a trading volume of 55,814 shares, compared to its average volume of 2,035,784. Norwegian Cruise Line has a 1 year low of $39.36 and a 1 year high of $59.71. The company’s fifty day simple moving average is $52.02 and its 200 day simple moving average is $51.69.
Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.08. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. Norwegian Cruise Line’s quarterly revenue was up 3.0% compared to the same quarter last year.
In other news, CEO Rio Frank J. Del sold 1,544 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $50.05, for a total transaction of $77,277.20. Following the sale, the chief executive officer now owns 406,550 shares of the company’s stock, valued at approximately $20,347,827.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rio Frank J. Del sold 4,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $53.62, for a total transaction of $214,480.00. Following the completion of the sale, the chief executive officer now owns 408,407 shares of the company’s stock, valued at $21,898,783.34. The disclosure for this sale can be found here. Insiders have sold 257,364 shares of company stock valued at $13,753,202 over the last 90 days. Corporate insiders own 0.98% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. FMR LLC lifted its holdings in Norwegian Cruise Line by 27.6% in the first quarter. FMR LLC now owns 245,566 shares of the company’s stock valued at $13,497,000 after acquiring an additional 53,190 shares during the period. First Hawaiian Bank lifted its stake in shares of Norwegian Cruise Line by 55.7% during the 2nd quarter. First Hawaiian Bank now owns 6,641 shares of the company’s stock worth $356,000 after acquiring an additional 2,376 shares during the last quarter. NEXT Financial Group Inc raised its holdings in shares of Norwegian Cruise Line by 53.6% in the 2nd quarter. NEXT Financial Group Inc now owns 2,351 shares of the company’s stock valued at $126,000 after purchasing an additional 820 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Norwegian Cruise Line by 16.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 17,140 shares of the company’s stock worth $919,000 after purchasing an additional 2,436 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Norwegian Cruise Line by 28.1% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 211,718 shares of the company’s stock valued at $11,356,000 after buying an additional 46,450 shares during the period. Institutional investors own 88.85% of the company’s stock.
Norwegian Cruise Line Company Profile
Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.
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