Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) – Equities research analysts at SunTrust Banks raised their Q3 2018 earnings per share estimates for shares of Norwegian Cruise Line in a research report issued on Wednesday. SunTrust Banks analyst P. Scholes now anticipates that the company will earn $2.35 per share for the quarter, up from their previous estimate of $2.33. SunTrust Banks currently has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Norwegian Cruise Line’s Q4 2018 earnings at $0.85 EPS, FY2018 earnings at $4.60 EPS, Q3 2019 earnings at $2.45 EPS and FY2019 earnings at $5.00 EPS.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its earnings results on Thursday, November 9th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. Norwegian Cruise Line’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 EPS.

NCLH has been the topic of a number of other research reports. Zacks Investment Research raised Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Thursday, January 11th. Argus initiated coverage on Norwegian Cruise Line in a research note on Wednesday, October 25th. They set a “buy” rating and a $68.00 price target on the stock. Stifel Nicolaus reissued a “buy” rating and set a $67.00 price target (down previously from $69.00) on shares of Norwegian Cruise Line in a research note on Thursday, October 19th. Tigress Financial reissued a “buy” rating on shares of Norwegian Cruise Line in a research note on Monday, November 27th. Finally, Wedbush set a $65.00 price target on Norwegian Cruise Line and gave the stock a “buy” rating in a research note on Sunday, November 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $63.00.

Shares of Norwegian Cruise Line (NASDAQ NCLH) traded down $0.55 during trading hours on Thursday, reaching $58.72. The company’s stock had a trading volume of 540,801 shares, compared to its average volume of 1,720,000. The firm has a market cap of $13,370.00, a PE ratio of 18.35, a PEG ratio of 0.56 and a beta of 1.09. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.08. Norwegian Cruise Line has a 52-week low of $44.56 and a 52-week high of $61.48.

A number of large investors have recently added to or reduced their stakes in NCLH. Aviance Capital Management LLC acquired a new stake in shares of Norwegian Cruise Line during the second quarter valued at about $103,000. Toronto Dominion Bank grew its stake in shares of Norwegian Cruise Line by 12.4% during the second quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock valued at $106,000 after acquiring an additional 216 shares in the last quarter. BB&T Investment Services Inc. acquired a new stake in shares of Norwegian Cruise Line during the second quarter valued at about $121,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Norwegian Cruise Line during the third quarter valued at about $202,000. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Norwegian Cruise Line by 1.9% during the second quarter. Ameritas Investment Partners Inc. now owns 4,083 shares of the company’s stock valued at $222,000 after acquiring an additional 77 shares in the last quarter. 88.85% of the stock is currently owned by institutional investors.

In other Norwegian Cruise Line news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $54.11, for a total value of $270,550,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jason Montague sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $55.08, for a total value of $826,200.00. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.

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About Norwegian Cruise Line

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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