Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) – Stock analysts at Wedbush decreased their Q3 2017 earnings per share (EPS) estimates for Norwegian Cruise Line Holdings in a note issued to investors on Monday. Wedbush analyst J. Hardiman now forecasts that the company will post earnings per share of $1.81 for the quarter, down from their previous forecast of $1.83. Wedbush also issued estimates for Norwegian Cruise Line Holdings’ FY2017 earnings at $3.82 EPS and FY2018 earnings at $4.66 EPS.

Several other analysts also recently commented on NCLH. Berenberg Bank restated a “buy” rating and issued a $65.00 target price on shares of Norwegian Cruise Line Holdings in a research note on Wednesday, June 28th. BidaskClub downgraded Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Bank of America Corporation started coverage on Norwegian Cruise Line Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $65.00 target price for the company. Nomura raised their target price 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, Buckingham Research raised their target price 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. Norwegian Cruise Line Holdings has an average rating of “Hold” and an average target price of $59.87.

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Norwegian Cruise Line Holdings (NCLH) opened at 53.72 on Tuesday. The firm has a market capitalization of $12.26 billion, a PE ratio of 18.15 and a beta of 1.12. Norwegian Cruise Line Holdings has a 1-year low of $35.21 and a 1-year high of $61.48. The firm has a 50-day moving average price of $56.23 and a 200-day moving average price of $54.29.

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

In other Norwegian Cruise Line Holdings news, EVP Harry Sommer sold 11,807 shares of Norwegian Cruise Line Holdings stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $58.42, for a total transaction of $689,764.94. Following the completion of the transaction, the executive vice president now owns 42,195 shares in the company, valued at approximately $2,465,031.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of Norwegian Cruise Line Holdings stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $54.57, for a total value of $306,956,250.00. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Fox Run Management L.L.C. boosted its stake in Norwegian Cruise Line Holdings by 123.2% during the 3rd quarter. Fox Run Management L.L.C. now owns 12,500 shares of the company’s stock valued at $676,000 after purchasing an additional 6,900 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in Norwegian Cruise Line Holdings during the 3rd quarter valued at about $2,030,000. Davidson Kempner Capital Management LP acquired a new position in Norwegian Cruise Line Holdings during the 2nd quarter valued at about $16,963,000. Toronto Dominion Bank boosted its stake 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 valued at $106,000 after purchasing an additional 216 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its stake in Norwegian Cruise Line Holdings by 64.8% during the 2nd quarter. WINTON GROUP Ltd now owns 190,901 shares of the company’s stock valued at $10,364,000 after purchasing an additional 75,033 shares during the last quarter. Institutional investors and hedge funds own 85.70% of the company’s stock.

About Norwegian Cruise Line Holdings

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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