Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)‘s stock had its “buy” rating reaffirmed by equities research analysts at Stifel Nicolaus in a note issued to investors on Thursday. They presently have a $69.00 price objective on the stock. Stifel Nicolaus’ price target suggests a potential upside of 17.47% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Norwegian Cruise Line Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $64.00 price target (up from $60.00) on shares of Norwegian Cruise Line Holdings in a research report on Tuesday, August 15th. UBS AG restated a “neutral” rating and set a $60.00 price target (up from $51.00) on shares of Norwegian Cruise Line Holdings in a research report on Thursday, August 10th. Barclays PLC increased their price objective on Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. Finally, Deutsche Bank AG increased their price objective on Norwegian Cruise Line Holdings from $53.00 to $59.00 and gave the stock a “hold” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. Norwegian Cruise Line Holdings currently has a consensus rating of “Hold” and a consensus price target of $60.00.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) traded down 0.20% during trading on Thursday, hitting $58.74. The company had a trading volume of 3,969,968 shares. The stock has a market capitalization of $13.40 billion, a price-to-earnings ratio of 19.85 and a beta of 1.12. The company’s 50 day moving average price is $56.59 and its 200-day moving average price is $53.99. Norwegian Cruise Line Holdings has a 1-year low of $35.21 and a 1-year high of $61.48.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last posted its quarterly 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 period last year, the company earned $0.85 EPS. Norwegian Cruise Line Holdings’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, analysts expect that Norwegian Cruise Line Holdings will post $3.98 EPS for the current year.

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In other news, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $54.57, for a total value of $306,956,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Harry Sommer sold 11,807 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $58.42, for a total value of $689,764.94. Following the completion of the transaction, the executive vice president now owns 42,195 shares of the company’s stock, valued at approximately $2,465,031.90. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank lifted its stake in shares of Norwegian Cruise Line Holdings by 2.4% in the 1st quarter. Amalgamated Bank now owns 8,718 shares of the company’s stock valued at $442,000 after purchasing an additional 202 shares during the period. Swiss National Bank lifted its stake in shares of Norwegian Cruise Line Holdings by 2.9% in the 2nd quarter. Swiss National Bank now owns 579,700 shares of the company’s stock valued at $31,472,000 after purchasing an additional 16,200 shares during the period. Morgan Stanley lifted its stake in shares of Norwegian Cruise Line Holdings by 82.1% in the 1st quarter. Morgan Stanley now owns 251,407 shares of the company’s stock valued at $12,753,000 after purchasing an additional 113,323 shares during the period. Impala Asset Management LLC purchased a new position in shares of Norwegian Cruise Line Holdings in the 2nd quarter valued at approximately $23,418,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Norwegian Cruise Line Holdings by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 701,327 shares of the company’s stock valued at $38,075,000 after purchasing an additional 13,371 shares during the period. Institutional investors own 85.80% 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.

Analyst Recommendations for Norwegian Cruise Line Holdings (NASDAQ:NCLH)

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