Wedbush reissued their neutral rating on shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) in a report published on Friday. Wedbush currently has a $42.00 price target on the stock, down from their prior price target of $45.00.

A number of other analysts have also recently issued reports on the company. JPMorgan Chase & Co. cut Norwegian Cruise Line Holdings from an overweight rating to a neutral rating and decreased their target price for the company from $62.00 to $44.00 in a research report on Thursday, October 27th. SunTrust Banks Inc. cut Norwegian Cruise Line Holdings from a buy rating to a hold rating and decreased their target price for the company from $52.00 to $43.00 in a research report on Wednesday, October 19th. Stifel Nicolaus reaffirmed a buy rating and set a $51.00 price objective on shares of Norwegian Cruise Line Holdings in a research report on Wednesday, October 5th. Macquarie assumed coverage on Norwegian Cruise Line Holdings in a research report on Tuesday, October 4th. They set a neutral rating and a $38.00 price objective for the company. Finally, Deutsche Bank AG set a $44.00 price objective on Norwegian Cruise Line Holdings and gave the stock a hold rating in a research report on Thursday, September 29th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $50.88.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 40.17 on Friday. The stock has a market capitalization of $9.13 billion, a PE ratio of 15.30 and a beta of 1.14. The company’s 50-day moving average price is $37.99 and its 200 day moving average price is $40.68. Norwegian Cruise Line Holdings has a 12 month low of $34.16 and a 12 month high of $60.13.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its earnings results on Wednesday, November 9th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.03. The firm earned $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Norwegian Cruise Line Holdings had a return on equity of 17.60% and a net margin of 12.52%. The business’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 EPS. On average, analysts forecast that Norwegian Cruise Line Holdings will post $3.42 earnings per share for the current fiscal year.

In related news, EVP T. Robin Lindsay bought 12,000 shares of the firm’s stock in a transaction on Friday, September 2nd. The stock was bought at an average cost of $35.90 per share, for a total transaction of $430,800.00. Following the completion of the purchase, the executive vice president now directly owns 72,647 shares in the company, valued at approximately $2,608,027.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rio Frank J. Del acquired 55,623 shares of Norwegian Cruise Line Holdings stock in a transaction dated Wednesday, August 31st. The shares were acquired at an average price of $35.96 per share, with a total value 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. 1.00% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of NCLH. Quantbot Technologies LP acquired a new position in shares of Norwegian Cruise Line Holdings during the second quarter valued at about $3,352,000. Geode Capital Management LLC increased its position in shares of 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 in the last quarter. JPMorgan Chase & Co. increased its position in shares of Norwegian Cruise Line Holdings by 6.4% in the second quarter. JPMorgan Chase & Co. now owns 4,171,325 shares of the company’s stock valued at $166,186,000 after buying an additional 251,427 shares in the last quarter. Kennedy Capital Management Inc. acquired a new position in shares of Norwegian Cruise Line Holdings during the first quarter valued at about $3,918,000. Finally, Stoneridge Investment Partners LLC increased its position in shares of Norwegian Cruise Line Holdings by 313.7% in the second quarter. Stoneridge Investment Partners LLC now owns 163,504 shares of the company’s stock valued at $6,514,000 after buying an additional 123,977 shares in the last quarter. Institutional investors and hedge funds own 86.42% 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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