Norwegian Cruise Line (NASDAQ:NCLH) Raised to Buy at BidaskClub

BidaskClub upgraded shares of Norwegian Cruise Line (NASDAQ:NCLH) from a hold rating to a buy rating in a research note issued to investors on Thursday, BidAskClub reports.

NCLH has been the topic of a number of other reports. TheStreet raised shares of Norwegian Cruise Line from a c+ rating to a b rating in a research report on Friday, September 6th. Buckingham Research raised shares of Norwegian Cruise Line from a neutral rating to a buy rating and increased their price objective for the company from $56.00 to $61.00 in a research report on Friday, August 9th. Morgan Stanley set a $59.00 price objective on shares of Norwegian Cruise Line and gave the company a buy rating in a research report on Friday, August 9th. Nomura reissued a buy rating and issued a $64.00 price objective on shares of Norwegian Cruise Line in a research report on Sunday, August 11th. Finally, SunTrust Banks increased their price objective on shares of Norwegian Cruise Line from $71.00 to $72.00 and gave the company a buy rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $65.20.

Shares of NASDAQ:NCLH opened at $54.68 on Thursday. Norwegian Cruise Line has a 52 week low of $39.36 and a 52 week high of $59.71. The company’s 50 day moving average is $50.06 and its two-hundred day moving average is $53.53.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.04. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the prior year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis.

In related news, CEO Rio Frank J. Del sold 22,743 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $53.23, for a total transaction of $1,210,609.89. Following the completion of the sale, the chief executive officer now owns 434,837 shares in the company, valued at approximately $23,146,373.51. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Stuart sold 12,300 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $50.02, for a total transaction of $615,246.00. Following the sale, the chief executive officer now owns 356,873 shares of the company’s stock, valued at approximately $17,850,787.46. The disclosure for this sale can be found here. Insiders sold a total of 60,043 shares of company stock worth $3,076,106 over the last ninety days. Insiders own 0.98% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Crossmark Global Holdings Inc. boosted its stake in Norwegian Cruise Line by 1.5% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 18,640 shares of the company’s stock worth $1,000,000 after purchasing an additional 267 shares during the period. Bank of Nova Scotia boosted its stake in Norwegian Cruise Line by 0.6% during the 2nd quarter. Bank of Nova Scotia now owns 48,146 shares of the company’s stock worth $2,583,000 after purchasing an additional 306 shares during the period. IFM Investors Pty Ltd boosted its stake in Norwegian Cruise Line by 2.2% during the 2nd quarter. IFM Investors Pty Ltd now owns 14,890 shares of the company’s stock worth $799,000 after purchasing an additional 315 shares during the period. Seeyond boosted its stake in Norwegian Cruise Line by 2.1% during the 2nd quarter. Seeyond now owns 17,198 shares of the company’s stock worth $922,000 after purchasing an additional 349 shares during the period. Finally, CSat Investment Advisory L.P. boosted its stake in Norwegian Cruise Line by 100.0% during the 2nd quarter. CSat Investment Advisory L.P. now owns 876 shares of the company’s stock worth $47,000 after purchasing an additional 438 shares during the period. Hedge funds and other institutional investors 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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