Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) has been assigned an average recommendation of “Buy” from the sixteen research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $65.55.

A number of analysts recently commented on NCLH shares. TheStreet raised Norwegian Cruise Line from a “c+” rating to a “b-” rating in a research report on Wednesday, February 6th. Wedbush set a $65.00 price objective on Norwegian Cruise Line and gave the company a “buy” rating in a report on Wednesday, December 26th. Wolfe Research set a $64.00 price objective on Norwegian Cruise Line and gave the company a “buy” rating in a report on Tuesday, December 11th. Zacks Investment Research raised Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Wednesday, January 9th. Finally, Deutsche Bank reissued a “buy” rating and set a $65.00 price objective on shares of Norwegian Cruise Line in a report on Wednesday, January 16th.

Shares of NASDAQ NCLH traded up $0.13 during mid-day trading on Thursday, reaching $54.07. 53,826 shares of the company’s stock were exchanged, compared to its average volume of 2,182,449. Norwegian Cruise Line has a twelve month low of $39.36 and a twelve month high of $58.09.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings results on Thursday, February 21st. The company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.06. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the business earned $0.68 EPS. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year.

In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 6,154 shares of the firm’s stock in a transaction dated Wednesday, January 30th. The stock was sold at an average price of $50.44, for a total transaction of $310,407.76. Following the sale, the chief executive officer now owns 295,767 shares in the company, valued at $14,918,487.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rio Frank J. Del sold 3,077 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $52.70, for a total value of $162,157.90. Following the sale, the chief executive officer now owns 292,090 shares in the company, valued at approximately $15,393,143. The disclosure for this sale can be found here. Insiders sold 107,661 shares of company stock worth $5,934,318 in the last quarter. 0.98% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC raised its position in Norwegian Cruise Line by 4.7% during the fourth quarter. LPL Financial LLC now owns 5,070 shares of the company’s stock valued at $215,000 after purchasing an additional 227 shares in the last quarter. Great West Life Assurance Co. Can raised its position in Norwegian Cruise Line by 15.2% during the fourth quarter. Great West Life Assurance Co. Can now owns 2,196 shares of the company’s stock valued at $93,000 after purchasing an additional 290 shares in the last quarter. World Asset Management Inc raised its position in Norwegian Cruise Line by 2.6% during the fourth quarter. World Asset Management Inc now owns 12,469 shares of the company’s stock valued at $529,000 after purchasing an additional 320 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its position in Norwegian Cruise Line by 2.2% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 16,184 shares of the company’s stock valued at $686,000 after purchasing an additional 356 shares in the last quarter. Finally, Cigna Investments Inc. New raised its position in Norwegian Cruise Line by 6.3% during the fourth quarter. Cigna Investments Inc. New now owns 6,309 shares of the company’s stock valued at $268,000 after purchasing an additional 374 shares in the last quarter. Institutional investors and hedge funds own 88.85% of the company’s stock.

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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Analyst Recommendations for Norwegian Cruise Line (NASDAQ:NCLH)

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