Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) was downgraded by analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Tuesday. They currently have a $43.00 price objective on the stock, down from their prior price objective of $45.00. Sanford C. Bernstein’s price target would suggest a potential upside of 7.55% from the company’s current price. The analysts noted that the move was a valuation call.

Several other equities analysts have also issued reports on NCLH. Citigroup Inc. decreased their target price on 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. Nomura decreased their target price on 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. Wedbush reaffirmed a “neutral” rating and issued a $42.00 price target (down previously from $45.00) on shares of Norwegian Cruise Line Holdings in a research report on Friday, November 11th. Stifel Nicolaus reduced their price target on Norwegian Cruise Line Holdings from $55.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, August 10th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of Norwegian Cruise Line Holdings in a research report on Monday, November 14th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $50.81.

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

Shares of Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 39.98 on Tuesday. The stock’s 50 day moving average price is $38.36 and its 200-day moving average price is $40.34. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 15.23 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.

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

In other news, CEO Rio Frank J. Del purchased 55,623 shares of the company’s stock in a transaction that occurred 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 purchase, the chief executive officer now directly owns 451,171 shares of the company’s stock, valued at approximately $16,224,109.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 purchased 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 $2,608,027.30. The disclosure for this purchase can be found here. 1.00% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its position in Norwegian Cruise Line Holdings by 0.5% in the third quarter. Hsbc Holdings PLC now owns 32,931 shares of the company’s stock worth $1,241,000 after buying an additional 169 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in 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 in the last quarter. Suntrust Banks Inc. increased its position in Norwegian Cruise Line Holdings by 2.2% in the third quarter. Suntrust Banks Inc. now owns 9,847 shares of the company’s stock worth $370,000 after buying an additional 212 shares in the last quarter. Babson Capital Management LLC increased its position in 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 in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in 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 in the last quarter. Hedge funds and other institutional investors own 85.68% of the company’s stock.

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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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