Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) – Research analysts at SunTrust Banks raised their Q2 2018 earnings per share estimates for shares of Norwegian Cruise Line in a research report issued on Wednesday. SunTrust Banks analyst P. Scholes now expects that the company will earn $1.00 per share for the quarter, up from their previous estimate of $0.99. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Norwegian Cruise Line’s Q1 2019 earnings at $0.50 EPS, Q2 2019 earnings at $1.12 EPS and Q4 2019 earnings at $0.93 EPS.
Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings data on Thursday, November 9th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm posted $1.62 earnings per share.
Shares of Norwegian Cruise Line (NASDAQ NCLH) traded up $0.48 during trading hours on Friday, reaching $59.34. 950,081 shares of the company were exchanged, compared to its average volume of 1,680,000. The company has a market capitalization of $13,540.00, a PE ratio of 18.54, a price-to-earnings-growth ratio of 0.56 and a beta of 1.09. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.34 and a quick ratio of 0.31. Norwegian Cruise Line has a fifty-two week low of $45.15 and a fifty-two week high of $61.48.
Hedge funds have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management UK Ltd. increased its stake in Norwegian Cruise Line by 25.4% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 74,100 shares of the company’s stock valued at $3,945,000 after purchasing an additional 15,000 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Norwegian Cruise Line by 371.8% in the fourth quarter. State of Alaska Department of Revenue now owns 30,430 shares of the company’s stock valued at $1,619,000 after purchasing an additional 23,980 shares in the last quarter. Oakbrook Investments LLC bought a new stake in Norwegian Cruise Line in the fourth quarter valued at $642,000. Schwab Charles Investment Management Inc. increased its stake in Norwegian Cruise Line by 62.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 717,597 shares of the company’s stock valued at $38,213,000 after purchasing an additional 275,763 shares in the last quarter. Finally, Gateway Investment Advisers LLC increased its stake in Norwegian Cruise Line by 57.7% in the fourth quarter. Gateway Investment Advisers LLC now owns 176,543 shares of the company’s stock valued at $9,401,000 after purchasing an additional 64,598 shares in the last quarter. Institutional investors and hedge funds own 88.85% of the company’s stock.
In related news, CEO Jason Montague sold 15,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $55.08, for a total value of $826,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $54.11, for a total transaction of $270,550,000.00. The disclosure for this sale can be found here. 0.98% of the stock is owned by insiders.
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Norwegian Cruise Line 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.
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