Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) EVP Harry Sommer sold 11,807 shares of the firm’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 directly owns 42,195 shares of the company’s stock, valued at $2,465,031.90. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) traded up 0.78% during mid-day trading on Wednesday, reaching $57.90. The company’s stock had a trading volume of 1,434,856 shares. The company has a 50 day moving average of $55.45 and a 200-day moving average of $51.90. The stock has a market cap of $13.21 billion, a PE ratio of 19.57 and a beta of 1.16. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $34.16 and a 52-week high of $61.48.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last released its earnings results on Tuesday, August 8th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. Norwegian Cruise Line Holdings’s revenue was up 13.3% on a year-over-year basis. Equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post $3.97 earnings per share for the current year.

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A number of research firms have recently weighed in on NCLH. Barclays PLC raised their price target on Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Wedbush reaffirmed a “buy” rating on shares of Norwegian Cruise Line Holdings in a research note on Saturday, May 13th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Norwegian Cruise Line Holdings in a research note on Thursday, August 10th. Buckingham Research raised their price target on Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, Nomura raised their price target on Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $57.94.

Hedge funds have recently added to or reduced their stakes in the company. BB&T Corp raised its stake in Norwegian Cruise Line Holdings by 7.9% in the first quarter. BB&T Corp now owns 127,039 shares of the company’s stock valued at $6,445,000 after buying an additional 9,353 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in Norwegian Cruise Line Holdings by 5.7% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,828 shares of the company’s stock valued at $600,000 after buying an additional 635 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Norwegian Cruise Line Holdings by 23.0% in the first quarter. Russell Investments Group Ltd. now owns 186,378 shares of the company’s stock valued at $9,459,000 after buying an additional 34,851 shares in the last quarter. Shell Asset Management Co. raised its stake in Norwegian Cruise Line Holdings by 4.8% in the first quarter. Shell Asset Management Co. now owns 9,160 shares of the company’s stock valued at $465,000 after buying an additional 421 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Norwegian Cruise Line Holdings by 55.0% in the first quarter. Janney Montgomery Scott LLC now owns 10,930 shares of the company’s stock valued at $554,000 after buying an additional 3,879 shares in the last quarter. Institutional investors and hedge funds own 85.69% 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.

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