Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $52.94 and traded as low as $49.94. Norwegian Cruise Line shares last traded at $50.53, with a volume of 35,212 shares changing hands.
Several brokerages have recently issued reports on NCLH. JPMorgan Chase & Co. set a €52.00 ($60.47) price objective on Vonovia and gave the company a “buy” rating in a report on Friday, May 10th. BidaskClub cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. Buckingham Research set a $30.00 price objective on shares of Andersons and gave the stock a “hold” rating in a research note on Wednesday, June 5th. Wells Fargo & Co reissued a “buy” rating on shares of Amphastar Pharmaceuticals in a research note on Friday, May 10th. Finally, Nomura raised their price objective on shares of Global Payments from $94.00 to $105.00 and gave the stock a “reduce” rating in a research note on Friday, May 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $65.00.
The stock has a 50-day moving average of $52.61.
Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the company posted $0.60 earnings per share. Norwegian Cruise Line’s quarterly revenue was up 8.5% on a year-over-year basis.
In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 3,076 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $53.75, for a total value of $165,335.00. Following the transaction, the chief executive officer now owns 450,494 shares in the company, valued at approximately $24,214,052.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jason Montague sold 10,805 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $57.50, for a total transaction of $621,287.50. Following the completion of the transaction, the chief executive officer now owns 92,993 shares in the company, valued at approximately $5,347,097.50. The disclosure for this sale can be found here. Insiders have sold a total of 81,752 shares of company stock worth $4,442,698 in the last 90 days. Company insiders own 0.98% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Machina Capital S.A.S. bought a new stake in shares of Norwegian Cruise Line in the 4th quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Norwegian Cruise Line in the 1st quarter worth about $89,000. Great West Life Assurance Co. Can increased its position in shares of Norwegian Cruise Line by 15.2% in the 4th quarter. Great West Life Assurance Co. Can now owns 2,196 shares of the company’s stock worth $93,000 after purchasing an additional 290 shares during the last quarter. Exane Derivatives increased its position in shares of Norwegian Cruise Line by 41.3% in the 1st quarter. Exane Derivatives now owns 1,724 shares of the company’s stock worth $95,000 after purchasing an additional 504 shares during the last quarter. Finally, Advisor Group Inc. increased its position in shares of Norwegian Cruise Line by 24.8% in the 4th quarter. Advisor Group Inc. now owns 2,619 shares of the company’s stock worth $111,000 after purchasing an additional 520 shares during the last quarter. Hedge funds and other institutional investors own 88.85% of the company’s stock.
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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