Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) – Research analysts at Wedbush cut their FY2017 EPS estimates for shares of Norwegian Cruise Line Holdings in a note issued to investors on Tuesday. Wedbush analyst J. Hardiman now anticipates that the company will post earnings of $3.85 per share for the year, down from their prior forecast of $3.87. Wedbush has a “Outperform” rating and a $61.00 price objective on the stock.

Several other brokerages have also commented on NCLH. Barclays PLC upped their price target on Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Norwegian Cruise Line Holdings in a research note on Thursday, August 10th. Buckingham Research upped their price target on 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. Nomura upped their price target on Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, UBS AG reaffirmed a “neutral” rating and issued a $60.00 price target (up previously from $51.00) on shares of Norwegian Cruise Line Holdings in a research note on Thursday, August 10th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $57.94.

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Shares of Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 57.79 on Thursday. Norwegian Cruise Line Holdings has a 12 month low of $35.02 and a 12 month high of $61.48. The company has a market capitalization of $13.19 billion, a P/E ratio of 19.53 and a beta of 1.15. The company has a 50-day moving average price of $56.90 and a 200-day moving average price of $53.12.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. Norwegian Cruise Line Holdings had a return on equity of 16.65% and a net margin of 13.22%. Norwegian Cruise Line Holdings’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share.

Hedge funds and other institutional investors have recently modified their holdings of the business. Aviance Capital Management LLC purchased a new stake in Norwegian Cruise Line Holdings during the 2nd quarter worth about $103,000. Toronto Dominion Bank increased its holdings in Norwegian Cruise Line Holdings by 12.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock worth $106,000 after purchasing an additional 216 shares during the period. Quantbot Technologies LP purchased a new stake in Norwegian Cruise Line Holdings during the 1st quarter worth about $116,000. BB&T Investment Services Inc. purchased a new stake in Norwegian Cruise Line Holdings during the 2nd quarter worth about $121,000. Finally, Acadian Asset Management LLC purchased a new stake in Norwegian Cruise Line Holdings during the 1st quarter worth about $146,000. Institutional investors own 85.78% of the company’s stock.

In other Norwegian Cruise Line Holdings news, CEO Jason Montague sold 15,000 shares of the company’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $53.26, for a total transaction of $798,900.00. Following the sale, the chief executive officer now owns 72,831 shares in the company, valued at approximately $3,878,979.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Harry Sommer sold 11,807 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $58.42, for a total value of $689,764.94. Following the sale, the executive vice president now owns 42,195 shares in the company, valued at approximately $2,465,031.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,651,807 shares of company stock worth $308,444,915. 0.98% of the stock is owned by corporate insiders.

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.

Earnings History and Estimates for Norwegian Cruise Line Holdings (NASDAQ:NCLH)

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