Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)’s share price traded up 2.6% during mid-day trading on Tuesday . The stock traded as high as $36.43 and last traded at $36.27, with a volume of 1,247,413 shares changing hands. The stock had previously closed at $35.34.

A number of equities analysts have issued reports on the company. Stifel Nicolaus reduced their target price on Norwegian Cruise Line Holdings from $69.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, July 20th. Tigress Financial upgraded Norwegian Cruise Line Holdings to a “buy” rating in a report on Tuesday, May 31st. Wedbush reduced their target price on Norwegian Cruise Line Holdings from $59.00 to $53.00 and set an “outperform” rating on the stock in a report on Wednesday, August 10th. Zacks Investment Research upgraded Norwegian Cruise Line Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, Nomura reduced their target price on Norwegian Cruise Line Holdings from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 10th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $55.86.

The stock’s 50 day moving average price is $37.30 and its 200 day moving average price is $44.52. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of 16.36 and a beta of 1.20.

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Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its earnings results on Tuesday, August 9th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. Norwegian Cruise Line Holdings had a return on equity of 16.47% and a net margin of 11.09%. The business earned $1.20 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post $3.42 earnings per share for the current year.

In related news, CEO Rio Frank J. Del purchased 55,623 shares of Norwegian Cruise Line Holdings stock in a transaction 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 transaction, the chief executive officer now owns 451,171 shares of the company’s stock, valued at approximately $16,224,109.16. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP T. Robin Lindsay purchased 12,000 shares of Norwegian Cruise Line Holdings stock in a transaction on Friday, September 2nd. The stock was bought at an average price of $35.90 per share, for a total transaction of $430,800.00. Following the transaction, the executive vice president now directly owns 72,647 shares in the company, valued at approximately $2,608,027.30. The disclosure for this purchase can be found here. 1.00% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. raised its stake 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 during the period. Babson Capital Management LLC raised its stake 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 during the period. Oregon Public Employees Retirement Fund raised its stake 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 during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Norwegian Cruise Line Holdings by 2.4% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,405 shares of the company’s stock worth $893,000 after buying an additional 519 shares during the period. Finally, American International Group Inc. raised its stake in Norwegian Cruise Line Holdings by 4.1% in the second quarter. American International Group Inc. now owns 18,227 shares of the company’s stock worth $726,000 after buying an additional 710 shares during the period. Hedge funds and other institutional investors own 88.61% of the company’s stock.

Norwegian Cruise Line Holdings Company Profile

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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