Norwegian Cruise Line Holdings Ltd. (NCLH) EVP Sells $689,764.94 in Stock

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) EVP Harry Sommer sold 11,807 shares of the stock in a transaction dated 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 directly owns 42,195 shares in the company, valued at $2,465,031.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Norwegian Cruise Line Holdings Ltd. (NCLH) opened at 56.18 on Friday. Norwegian Cruise Line Holdings Ltd. has a one year low of $34.16 and a one year high of $61.48. The firm has a 50-day moving average price of $55.59 and a 200 day moving average price of $51.97. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 18.99 and a beta of 1.16.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.05. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. Norwegian Cruise Line Holdings had a return on equity of 16.65% and a net margin of 13.22%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. Equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post $4.00 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in NCLH. Aviance Capital Management LLC acquired a new position in Norwegian Cruise Line Holdings during the second quarter valued at about $103,000. BB&T Investment Services Inc. acquired a new position in Norwegian Cruise Line Holdings during the second quarter valued at about $121,000. Quantbot Technologies LP acquired a new position in Norwegian Cruise Line Holdings during the first quarter valued at about $116,000. Acadian Asset Management LLC acquired a new position in Norwegian Cruise Line Holdings during the first quarter valued at about $146,000. Finally, Pacer Advisors Inc. acquired a new position in Norwegian Cruise Line Holdings during the second quarter valued at about $197,000. Institutional investors own 85.69% of the company’s stock.

A number of brokerages have recently weighed in on NCLH. Wedbush reissued a “buy” rating on shares of Norwegian Cruise Line Holdings in a report on Saturday, May 13th. Nomura increased their price objective on Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. BidaskClub lowered Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $64.00 price objective (up from $60.00) on shares of Norwegian Cruise Line Holdings in a report on Tuesday. Finally, Deutsche Bank AG increased their price objective on Norwegian Cruise Line Holdings from $53.00 to $59.00 and gave the company a “hold” rating in a report on Wednesday, August 9th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Norwegian Cruise Line Holdings currently has an average rating of “Buy” and a consensus price target of $57.94.

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.

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