Norwegian Cruise Line (NCLH) Trading Up 5.7%

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) was up 5.7% on Friday . The company traded as high as $43.34 and last traded at $43.03. Approximately 2,317,567 shares were traded during trading, an increase of 1% from the average daily volume of 2,296,489 shares. The stock had previously closed at $40.71.

A number of equities research analysts recently weighed in on NCLH shares. BidaskClub raised Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Macquarie raised Norwegian Cruise Line from an “underperform” rating to a “neutral” rating and set a $55.00 price target for the company in a report on Friday, September 28th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Norwegian Cruise Line in a report on Thursday, October 11th. Deutsche Bank set a $68.00 price target on Norwegian Cruise Line and gave the stock a “buy” rating in a report on Friday, November 9th. Finally, Citigroup lowered their price target on Norwegian Cruise Line from $62.00 to $59.00 and set a “buy” rating for the company in a report on Monday, November 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. Norwegian Cruise Line presently has a consensus rating of “Buy” and a consensus target price of $64.00.

Norwegian Cruise Line (NASDAQ:NCLH) last issued its quarterly earnings results on Thursday, November 8th. The company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.06. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.85 billion. Norwegian Cruise Line’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.86 EPS.

In other news, CEO Andrew Stuart sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, December 12th. The stock was sold at an average price of $48.22, for a total value of $313,430.00. Following the completion of the transaction, the chief executive officer now directly owns 353,934 shares in the company, valued at $17,066,697.48. The sale was disclosed in a document filed with the SEC, 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 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 transaction, the chief executive officer now owns 301,321 shares of the company’s stock, valued at $15,135,353.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,741,436 shares of company stock valued at $794,928,498. Company insiders own 0.98% of the company’s stock.

Several large investors have recently made changes to their positions in NCLH. US Bancorp DE raised its stake in shares of Norwegian Cruise Line by 23.4% in the second quarter. US Bancorp DE now owns 8,875 shares of the company’s stock worth $419,000 after purchasing an additional 1,682 shares during the last quarter. Standard Life Aberdeen plc raised its stake in shares of Norwegian Cruise Line by 38.2% in the second quarter. Standard Life Aberdeen plc now owns 43,700 shares of the company’s stock worth $2,065,000 after purchasing an additional 12,082 shares during the last quarter. BlackRock Inc. raised its stake in shares of Norwegian Cruise Line by 1.8% in the second quarter. BlackRock Inc. now owns 12,532,574 shares of the company’s stock worth $592,164,000 after purchasing an additional 224,384 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Norwegian Cruise Line by 12.7% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 90,007 shares of the company’s stock worth $4,253,000 after purchasing an additional 10,126 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Norwegian Cruise Line by 5.1% in the second quarter. PNC Financial Services Group Inc. now owns 20,690 shares of the company’s stock worth $978,000 after purchasing an additional 1,003 shares during the last quarter. Hedge funds and other institutional investors own 88.85% of the company’s stock.

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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.

Further Reading: Momentum Indicator: Relative Strength Index

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