Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) have been given a consensus rating of “Buy” by the twenty brokerages that are covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $57.93.

A number of research analysts have recently commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating on shares of Norwegian Cruise Line Holdings in a research note on Thursday, August 10th. Berenberg Bank reaffirmed 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. ValuEngine raised shares of Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, June 1st. Wedbush reaffirmed a “buy” rating on shares of Norwegian Cruise Line Holdings in a research note on Saturday, May 13th. Finally, Buckingham Research upped their price objective on shares of Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th.

In related news, EVP Harry Sommer sold 11,807 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $58.42, for a total transaction of $689,764.94. Following the completion of the sale, the executive vice president now owns 42,195 shares of the company’s stock, valued at approximately $2,465,031.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $54.57, for a total transaction of $306,956,250.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,651,807 shares of company stock valued at $308,444,915. Corporate insiders own 0.98% of the company’s stock.

A number of large investors have recently modified their holdings of NCLH. Aviance Capital Management LLC acquired a new stake in Norwegian Cruise Line Holdings in the second quarter valued at approximately $103,000. Toronto Dominion Bank grew its position in Norwegian Cruise Line Holdings by 12.4% in the second quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock valued at $106,000 after acquiring an additional 216 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Norwegian Cruise Line Holdings in the first quarter valued at approximately $116,000. BB&T Investment Services Inc. acquired a new stake in Norwegian Cruise Line Holdings in the second quarter valued at approximately $121,000. Finally, Acadian Asset Management LLC acquired a new stake in Norwegian Cruise Line Holdings in the first quarter valued at approximately $146,000. 85.78% of the stock is owned by institutional investors.

Norwegian Cruise Line Holdings (NCLH) traded down 1.55% during midday trading on Wednesday, reaching $58.54. 1,159,900 shares of the company traded hands. The company’s 50-day moving average price is $56.52 and its 200 day moving average price is $52.74. Norwegian Cruise Line Holdings has a 12 month low of $34.16 and a 12 month high of $61.48. The firm has a market capitalization of $13.36 billion, a PE ratio of 19.78 and a beta of 1.15.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last released its earnings results on Tuesday, August 8th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.05. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. Norwegian Cruise Line Holdings had a net margin of 13.22% and a return on equity of 16.65%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. On average, equities analysts anticipate that Norwegian Cruise Line Holdings will post $4.00 earnings per share for the current year.

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Norwegian Cruise Line Holdings Company Profile

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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