Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

A number of other equities research analysts also recently issued reports on NCLH. Wedbush reiterated a “buy” rating on shares of Norwegian Cruise Line Holdings in a research note on Saturday, May 13th. Zacks Investment Research downgraded shares of Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Berenberg Bank reiterated a “buy” rating and set a $65.00 price objective on shares of Norwegian Cruise Line Holdings in a research note on Wednesday, June 28th. Finally, ValuEngine upgraded shares of Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, June 1st. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.71.

Shares of Norwegian Cruise Line Holdings (NCLH) traded down 1.42% during mid-day trading on Friday, hitting $53.47. 961,299 shares of the stock traded hands. The company’s 50 day moving average is $51.74 and its 200 day moving average is $49.42. The firm has a market capitalization of $12.19 billion, a P/E ratio of 19.59 and a beta of 1.16. Norwegian Cruise Line Holdings has a one year low of $34.16 and a one year high of $56.29.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its quarterly earnings data on Wednesday, May 10th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Norwegian Cruise Line Holdings had a net margin of 12.57% and a return on equity of 16.76%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. On average, equities analysts expect that Norwegian Cruise Line Holdings will post $3.88 EPS for the current fiscal year.

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In other Norwegian Cruise Line Holdings news, CEO Jason Montague sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $53.26, for a total transaction of $798,900.00. Following the completion of the transaction, the chief executive officer now owns 72,831 shares in the company, valued at approximately $3,878,979.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.98% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in Norwegian Cruise Line Holdings during the first quarter valued at about $116,000. Acadian Asset Management LLC bought a new stake in shares of Norwegian Cruise Line Holdings during the first quarter valued at approximately $146,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of Norwegian Cruise Line Holdings by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,241 shares of the company’s stock valued at $201,000 after buying an additional 266 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of Norwegian Cruise Line Holdings during the first quarter valued at approximately $203,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Norwegian Cruise Line Holdings during the first quarter valued at approximately $204,000. Hedge funds and other institutional investors own 85.94% of the company’s stock.

About Norwegian Cruise Line Holdings

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

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

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