Norwegian Cruise Line (NASDAQ:NCLH) released its earnings results on Thursday. The company reported $2.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.06, MarketWatch Earnings reports. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business posted $1.86 EPS. Norwegian Cruise Line’s revenue for the quarter was up 12.5% on a year-over-year basis.

NCLH traded up $1.27 during trading on Thursday, hitting $49.27. 3,640,262 shares of the stock traded hands, compared to its average volume of 2,046,289. Norwegian Cruise Line has a 12-month low of $41.61 and a 12-month high of $61.18.

Several brokerages have weighed in on NCLH. BidaskClub cut shares of Norwegian Cruise Line from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 9th. Stifel Nicolaus increased their price target on shares of Norwegian Cruise Line from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Nomura dropped their price target on shares of Norwegian Cruise Line from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, August 10th. Zacks Investment Research raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. Finally, Macquarie raised shares of Norwegian Cruise Line from an “underperform” rating to a “neutral” rating and set a $55.00 price target for the company in a research report on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $64.60.

In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 3,077 shares of the stock in a transaction on Monday, September 17th. The shares were sold at an average price of $55.99, for a total transaction of $172,281.23. Following the completion of the sale, the chief executive officer now owns 308,967 shares of the company’s stock, valued at approximately $17,299,062.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 9,231 shares of company stock valued at $488,443 in the last three months. 0.98% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Norwegian Cruise Line by 1.8% in the 2nd quarter. BlackRock Inc. now owns 12,532,574 shares of the company’s stock worth $592,164,000 after purchasing an additional 224,384 shares during the period. Janus Henderson Group PLC lifted its position in shares of Norwegian Cruise Line by 25.3% in the 2nd quarter. Janus Henderson Group PLC now owns 10,067,475 shares of the company’s stock worth $475,688,000 after purchasing an additional 2,035,157 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Norwegian Cruise Line by 31.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,482,343 shares of the company’s stock worth $164,541,000 after purchasing an additional 840,909 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Norwegian Cruise Line by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,095,632 shares of the company’s stock worth $146,282,000 after purchasing an additional 21,708 shares during the period. Finally, United Services Automobile Association lifted its position in shares of Norwegian Cruise Line by 13.9% in the 2nd quarter. United Services Automobile Association now owns 2,206,169 shares of the company’s stock worth $104,241,000 after purchasing an additional 269,625 shares during the period. 88.85% of the stock is owned by hedge funds and other institutional investors.

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Norwegian Cruise Line 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.

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Earnings History for Norwegian Cruise Line (NASDAQ:NCLH)

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