Wedbush downgraded shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) from an outperform rating to a neutral rating in a report issued on Friday. They currently have $45.00 price target on the stock, down from their previous price target of $53.00.

NCLH has been the topic of several other research reports. Deutsche Bank AG set a $44.00 target price on Norwegian Cruise Line Holdings and gave the stock a hold rating in a research report on Thursday, September 29th. Stifel Nicolaus cut their price target on Norwegian Cruise Line Holdings from $69.00 to $55.00 and set a buy rating on the stock in a research report on Wednesday, July 20th. Zacks Investment Research raised Norwegian Cruise Line Holdings from a sell rating to a hold rating in a research report on Tuesday, July 5th. 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 research report on Wednesday, August 10th. Finally, Citigroup Inc. reaffirmed a buy rating and set a $58.00 price target on shares of Norwegian Cruise Line Holdings in a research report on Tuesday, August 23rd. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Norwegian Cruise Line Holdings has a consensus rating of Buy and an average target price of $53.50.

Analyst Recommendations for Norwegian Cruise Line Holdings (NASDAQ:NCLH)

Shares of Norwegian Cruise Line Holdings (NASDAQ:NCLH) traded up 0.24% during trading on Friday, hitting $37.42. 460,330 shares of the stock traded hands. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of 16.86 and a beta of 1.18. The firm has a 50-day moving average of $36.67 and a 200-day moving average of $43.07. Norwegian Cruise Line Holdings has a 1-year low of $34.16 and a 1-year high of $64.27.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its earnings results on Tuesday, August 9th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. Norwegian Cruise Line Holdings had a return on equity of 16.47% and a net margin of 11.09%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the company earned $0.75 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts forecast that Norwegian Cruise Line Holdings will post $3.40 earnings per share for the current year.

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

A number of hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. purchased a new stake in Norwegian Cruise Line Holdings during the first quarter worth approximately $27,048,000. BlackRock Inc. increased its stake 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 last quarter. BlackRock Group LTD increased its stake 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 last quarter. Bessemer Group Inc. increased its stake in Norwegian Cruise Line Holdings by 16.9% in the first quarter. Bessemer Group Inc. now owns 7,366 shares of the company’s stock worth $407,000 after buying an additional 1,066 shares during the last quarter. Finally, Aviva PLC increased its stake in Norwegian Cruise Line Holdings by 13.5% in the first quarter. Aviva PLC now owns 82,541 shares of the company’s stock worth $4,564,000 after buying an additional 9,787 shares during the last quarter. Institutional investors own 88.29% 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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