Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 10,951,592 shares, an increase of 19.6% from the September 15th total of 9,160,547 shares. Based on an average trading volume of 2,151,924 shares, the days-to-cover ratio is currently 5.1 days. Approximately 7.0% of the shares of the company are short sold.

Shares of Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 37.79 on Friday. Norwegian Cruise Line Holdings has a 12 month low of $34.16 and a 12 month high of $64.27. The firm has a market capitalization of $8.58 billion, a P/E ratio of 17.02 and a beta of 1.18. The firm’s 50-day moving average is $36.64 and its 200 day moving average is $43.17.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.85 earnings per share for the quarter, beating the 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 firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that Norwegian Cruise Line Holdings will post $3.40 EPS for the current year.

In other news, CEO Rio Frank J. Del bought 55,623 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was bought at an average price of $35.96 per share, for a total transaction of $2,000,203.08. Following the transaction, the chief executive officer now owns 451,171 shares in the company, valued at $16,224,109.16. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP T. Robin Lindsay bought 12,000 shares of the firm’s stock in a transaction dated Friday, September 2nd. The stock was purchased at an average price of $35.90 per share, with a total value of $430,800.00. Following the transaction, 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. 1.00% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in NCLH. Mizuho Asset Management Co. Ltd. raised its position in shares of Norwegian Cruise Line Holdings by 169.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,595 shares of the company’s stock valued at $103,000 after buying an additional 1,631 shares in the last quarter. Creative Planning increased its stake in Norwegian Cruise Line Holdings by 1,654.4% in the third quarter. Creative Planning now owns 4,000 shares of the company’s stock valued at $151,000 after buying an additional 3,772 shares during the last quarter. Seven Eight Capital LLC acquired a new stake in Norwegian Cruise Line Holdings during the first quarter valued at approximately $253,000. Glenmede Trust Co. NA increased its stake in Norwegian Cruise Line Holdings by 50.0% in the second quarter. Glenmede Trust Co. NA now owns 4,950 shares of the company’s stock valued at $197,000 after buying an additional 1,650 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its stake in Norwegian Cruise Line Holdings by 28.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 5,274 shares of the company’s stock valued at $210,000 after buying an additional 1,153 shares during the last quarter. Hedge funds and other institutional investors own 88.30% of the company’s stock.

Several brokerages have recently commented on NCLH. Citigroup Inc. decreased their target price on Norwegian Cruise Line Holdings from $58.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, September 13th. Nomura cut their price target on Norwegian Cruise Line Holdings from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 10th. Stifel Nicolaus cut their price target on Norwegian Cruise Line Holdings from $55.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, August 10th. Zacks Investment Research raised Norwegian Cruise Line Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, Wedbush cut their price target on Norwegian Cruise Line Holdings from $59.00 to $53.00 and set an “outperform” rating on the stock in a report on Wednesday, August 10th. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Norwegian Cruise Line Holdings presently has an average rating of “Buy” and an average target price of $54.00.

Norwegian Cruise Line Holdings Company Profile

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

Receive News & Stock Ratings for Norwegian Cruise Line Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line Holdings Ltd. and related stocks with our FREE daily email newsletter.