Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) issued its quarterly earnings results on Wednesday. The company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.03. The business earned $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. Norwegian Cruise Line Holdings had a net margin of 12.52% and a return on equity of 18.26%. Norwegian Cruise Line Holdings’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.35 earnings per share. Norwegian Cruise Line Holdings updated its Q4 guidance to $0.53-0.57 EPS.

Shares of Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 37.97 on Friday. The company has a 50-day moving average of $37.75 and a 200 day moving average of $41.00. The company has a market capitalization of $8.62 billion, a PE ratio of 17.10 and a beta of 1.14. Norwegian Cruise Line Holdings has a 52-week low of $34.16 and a 52-week high of $60.13.

Earnings History for Norwegian Cruise Line Holdings (NASDAQ:NCLH)

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of Norwegian Cruise Line Holdings from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $62.00 to $44.00 in a report on Thursday, October 27th. SunTrust Banks Inc. lowered shares of Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating and lowered their target price for the stock from $52.00 to $43.00 in a report on Wednesday, October 19th. Wedbush lowered shares of Norwegian Cruise Line Holdings from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $53.00 to $45.00 in a report on Friday, October 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $51.00 target price on shares of Norwegian Cruise Line Holdings in a report on Wednesday, October 5th. Finally, Macquarie began coverage on shares of Norwegian Cruise Line Holdings in a report on Tuesday, October 4th. They set a “neutral” rating and a $38.00 target price for the company. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $51.06.

In other Norwegian Cruise Line Holdings news, EVP T. Robin Lindsay purchased 12,000 shares of the company’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 completion of the purchase, the executive vice president now owns 72,647 shares of the company’s stock, valued at $2,608,027.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Rio Frank J. Del purchased 55,623 shares of the company’s stock in a transaction dated Wednesday, August 31st. The shares were acquired at an average cost of $35.96 per share, with a total value of $2,000,203.08. Following the purchase, the chief executive officer now directly 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. Insiders own 1.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. State Street Corp increased its position in Norwegian Cruise Line Holdings by 3.9% in the first quarter. State Street Corp now owns 2,555,410 shares of the company’s stock valued at $141,293,000 after buying an additional 96,983 shares during the last quarter. Geode Capital Management LLC increased its position in Norwegian Cruise Line Holdings by 4.3% in the first quarter. Geode Capital Management LLC now owns 1,002,023 shares of the company’s stock valued at $55,371,000 after buying an additional 41,288 shares during the last quarter. Kennedy Capital Management Inc. acquired a new position in Norwegian Cruise Line Holdings during the first quarter valued at about $3,918,000. Envestnet Asset Management Inc. increased its position in Norwegian Cruise Line Holdings by 26.4% in the first quarter. Envestnet Asset Management Inc. now owns 46,049 shares of the company’s stock valued at $2,546,000 after buying an additional 9,630 shares during the last quarter. Finally, Anchor Bolt Capital LP acquired a new position in Norwegian Cruise Line Holdings during the first quarter valued at about $4,089,000. 88.60% of the stock is owned by hedge funds and other institutional investors.

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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