Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) rose 5.7% during trading on Friday . The company traded as high as $43.34 and last traded at $43.03. Approximately 2,317,567 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 2,296,489 shares. The stock had previously closed at $40.71.
NCLH has been the subject of a number of recent analyst reports. BidaskClub cut Norwegian Cruise Line from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 27th. Deutsche Bank set a $68.00 price objective on Norwegian Cruise Line and gave the company a “buy” rating in a research report on Friday, November 9th. Macquarie upgraded Norwegian Cruise Line from an “underperform” rating to a “neutral” rating and set a $55.00 price objective for the company in a research report on Thursday, November 1st. Wedbush set a $65.00 price objective on Norwegian Cruise Line and gave the company a “buy” rating in a research report on Wednesday, December 26th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Norwegian Cruise Line in a research report on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $64.00.
Get Norwegian Cruise Line alerts: Norwegian Cruise Line (NASDAQ:NCLH) last issued its quarterly earnings results on Thursday, November 8th. The company reported $2.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.06. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.85 billion. The business’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.86 earnings per share.
In other news, CEO Andrew Stuart sold 6,500 shares of Norwegian Cruise Line stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $48.22, for a total value of $313,430.00. Following the sale, the chief executive officer now directly owns 353,934 shares of the company’s stock, valued at $17,066,697.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, CEO Rio Frank J. Del sold 3,077 shares of Norwegian Cruise Line stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $50.23, for a total value of $154,557.71. Following the completion of the sale, the chief executive officer now directly owns 301,321 shares in the company, valued at $15,135,353.83. The disclosure for this sale can be found here . Insiders sold 15,741,436 shares of company stock worth $794,928,498 over the last ninety days. Corporate insiders own 0.98% of the company’s stock.
Several large investors have recently modified their holdings of NCLH. Capital World Investors boosted its stake in shares of Norwegian Cruise Line by 49.4% in the third quarter. Capital World Investors now owns 15,620,156 shares of the company’s stock worth $897,066,000 after acquiring an additional 5,168,349 shares during the last quarter. FIL Ltd acquired a new position in Norwegian Cruise Line during the third quarter worth $61,910,000. Janus Henderson Group PLC boosted its stake in Norwegian Cruise Line by 9.3% during the third quarter. Janus Henderson Group PLC now owns 11,002,326 shares of the company’s stock worth $631,864,000 after buying an additional 934,851 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Norwegian Cruise Line by 31.8% during the second quarter. Bank of New York Mellon Corp now owns 3,482,343 shares of the company’s stock worth $164,541,000 after buying an additional 840,909 shares during the last quarter. Finally, Scopus Asset Management L.P. boosted its stake in Norwegian Cruise Line by 101.1% during the third quarter. Scopus Asset Management L.P. now owns 955,000 shares of the company’s stock worth $54,846,000 after buying an additional 480,000 shares during the last quarter. 88.85% of the stock is currently owned by hedge funds and other institutional investors.
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Norwegian Cruise Line Company Profile ( NASDAQ:NCLH )
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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