Analysts at Macquarie started coverage on shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) in a research report issued to clients and investors on Tuesday. The firm set a “neutral” rating and a $38.00 price target on the stock. Macquarie’s price objective points to a potential downside of 0.68% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Wedbush lowered their target price on shares of Norwegian Cruise Line Holdings from $59.00 to $53.00 and set an “outperform” rating for the company in a report on Wednesday, August 10th. Sterne Agee CRT began coverage on shares of Norwegian Cruise Line Holdings in a report on Tuesday, June 7th. They set a “buy” rating and a $60.00 target price for the company. Sanford C. Bernstein began coverage on shares of Norwegian Cruise Line Holdings in a report on Thursday, September 8th. They set an “outperform” rating and a $44.00 target price for the company. Citigroup Inc. reiterated a “buy” rating and set a $58.00 target price on shares of Norwegian Cruise Line Holdings in a report on Tuesday, August 23rd. Finally, Stifel Nicolaus lowered their target price on shares of Norwegian Cruise Line Holdings from $55.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, August 10th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $54.25.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 38.26 on Tuesday. The stock has a market cap of $8.69 billion, a P/E ratio of 17.23 and a beta of 1.18. Norwegian Cruise Line Holdings has a 1-year low of $34.16 and a 1-year high of $64.27. The company has a 50-day moving average price of $36.59 and a 200 day moving average price of $43.62.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.02. Norwegian Cruise Line Holdings had a net margin of 11.09% and a return on equity of 16.47%. The business earned $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the business posted $0.75 earnings per share. Norwegian Cruise Line Holdings’s quarterly revenue was up 9.3% compared to the same quarter last year. Equities analysts expect that Norwegian Cruise Line Holdings will post $3.42 earnings per share for the current fiscal year.

In other news, CEO Rio Frank J. Del bought 55,623 shares of the stock in a transaction that occurred on Wednesday, August 31st. The shares were bought at an average price of $35.96 per share, for a total transaction of $2,000,203.08. Following the purchase, the chief executive officer now owns 451,171 shares in the company, valued at $16,224,109.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP T. Robin Lindsay bought 12,000 shares of the stock in a transaction that occurred on Friday, September 2nd. The shares were purchased at an average price of $35.90 per share, for a total transaction of $430,800.00. Following the purchase, the executive vice president now owns 72,647 shares in the company, valued at approximately $2,608,027.30. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virginia Retirement System purchased a new position in Norwegian Cruise Line Holdings during the first quarter worth $1,554,000. Franklin Resources Inc. purchased a new position in Norwegian Cruise Line Holdings during the first quarter worth $27,048,000. BlackRock Inc. boosted its position in Norwegian Cruise Line Holdings by 10.0% in the first quarter. BlackRock Inc. now owns 132,837 shares of the company’s stock worth $7,345,000 after buying an additional 12,077 shares during the period. BlackRock Group LTD boosted its position in Norwegian Cruise Line Holdings by 3.5% in the first quarter. BlackRock Group LTD now owns 1,005,821 shares of the company’s stock worth $55,614,000 after buying an additional 34,018 shares during the period. Finally, Columbia Partners L L C Investment Management boosted its position in Norwegian Cruise Line Holdings by 19.7% in the first quarter. Columbia Partners L L C Investment Management now owns 38,898 shares of the company’s stock worth $2,150,000 after buying an additional 6,414 shares during the period. Institutional investors own 88.30% of the company’s stock.

About Norwegian Cruise Line Holdings

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. Its brands offer itineraries to over 510 destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii with a combined fleet of approximately 20 ships with over 45,000 Berths.

5 Day Chart for NASDAQ:NCLH

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