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

NCLH has been the topic of a number of other reports. Zacks Investment Research raised shares of Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Wednesday, April 26th. Wedbush raised shares of Norwegian Cruise Line Holdings from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $54.00 to $61.00 in a research note on Friday, May 26th. ValuEngine raised shares of Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, June 1st. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a $65.00 price target on shares of Norwegian Cruise Line Holdings in a research note on Wednesday, June 28th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $50.71.

Norwegian Cruise Line Holdings (NCLH) traded down 1.42% during trading on Friday, reaching $53.47. The company’s stock had a trading volume of 961,299 shares. 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 52 week low of $34.16 and a 52 week high of $56.29. The firm has a 50-day moving average price of $51.74 and a 200-day moving average price of $49.42.

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

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In related news, CEO Jason Montague sold 15,000 shares of the stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $53.26, for a total value of $798,900.00. Following the completion of the sale, the chief executive officer now owns 72,831 shares in the company, valued at $3,878,979.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.98% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Cascade Investment Advisors Inc. bought a new stake in Norwegian Cruise Line Holdings during the second quarter valued at $703,000. Mn Services Vermogensbeheer B.V. boosted its stake in Norwegian Cruise Line Holdings by 509.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 25,831 shares of the company’s stock valued at $1,402,000 after buying an additional 21,590 shares during the last quarter. Creative Planning boosted its stake in Norwegian Cruise Line Holdings by 8.1% in the second quarter. Creative Planning now owns 4,322 shares of the company’s stock valued at $235,000 after buying an additional 322 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its stake in Norwegian Cruise Line Holdings by 2,203.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 20,732 shares of the company’s stock valued at $1,126,000 after buying an additional 19,832 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Norwegian Cruise Line Holdings during the second quarter valued at $304,000. Institutional investors and hedge funds own 85.94% 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 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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