Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) was downgraded by equities research analysts at SunTrust Banks Inc. from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

NCLH has been the topic of several other reports. Citigroup Inc. decreased their target price on shares of Norwegian Cruise Line Holdings from $58.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, September 13th. Macquarie started coverage on shares of Norwegian Cruise Line Holdings in a research note on Tuesday, October 4th. They issued a “neutral” rating and a $38.00 target price on the stock. Sanford C. Bernstein started coverage on shares of Norwegian Cruise Line Holdings in a research note on Thursday, September 8th. They issued an “outperform” rating and a $44.00 target price on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $51.00 target price on shares of Norwegian Cruise Line Holdings in a research note on Wednesday, October 5th. Finally, Nomura decreased their target price on shares of Norwegian Cruise Line Holdings from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, August 10th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Norwegian Cruise Line Holdings currently has a consensus rating of “Buy” and an average price target of $53.50.

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

Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 38.25 on Wednesday. Norwegian Cruise Line Holdings has a 52 week low of $34.16 and a 52 week high of $64.27. The company’s 50-day moving average is $36.80 and its 200 day moving average is $42.69. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of 17.23 and a beta of 1.18.

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

In other news, EVP T. Robin Lindsay purchased 12,000 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The shares were bought 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 directly owns 72,647 shares in the company, valued at approximately $2,608,027.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rio Frank J. Del purchased 55,623 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The stock was purchased 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 disclosure for this purchase can be found here. 1.00% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Norwegian Cruise Line Holdings by 0.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,925 shares of the company’s stock worth $754,000 after buying an additional 178 shares during the last quarter. Babson Capital Management LLC boosted its position in shares of Norwegian Cruise Line Holdings by 3.6% in the first quarter. Babson Capital Management LLC now owns 8,700 shares of the company’s stock worth $481,000 after buying an additional 300 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Norwegian Cruise Line Holdings by 2.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 15,100 shares of the company’s stock worth $602,000 after buying an additional 300 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Norwegian Cruise Line Holdings by 2.4% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,405 shares of the company’s stock worth $893,000 after buying an additional 519 shares during the last quarter. Finally, Telemus Capital LLC boosted its position in shares of Norwegian Cruise Line Holdings by 4.2% in the third quarter. Telemus Capital LLC now owns 13,694 shares of the company’s stock worth $516,000 after buying an additional 555 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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