A number of other research analysts have also recently issued reports on NCLH. Wedbush set a $65.00 price objective on Norwegian Cruise Line and gave the company a buy rating in a research note on Wednesday, December 26th. Sanford C. Bernstein raised Norwegian Cruise Line from a market perform rating to an outperform rating in a research note on Tuesday, January 8th. TheStreet cut Norwegian Cruise Line from a b- rating to a c+ rating in a research note on Monday, January 7th. Zacks Investment Research raised Norwegian Cruise Line from a hold rating to a buy rating and set a $49.00 price objective on the stock in a research note on Wednesday, January 9th. Finally, Deutsche Bank reaffirmed a buy rating and set a $65.00 price objective on shares of Norwegian Cruise Line in a research note on Wednesday, January 16th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $64.92.
NCLH opened at $59.56 on Tuesday. Norwegian Cruise Line has a 52 week low of $39.36 and a 52 week high of $59.64.
In other news, CEO Andrew Stuart sold 42,000 shares of the stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $55.95, for a total transaction of $2,349,900.00. Following the completion of the sale, the chief executive officer now directly owns 389,434 shares in the company, valued at $21,788,832.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Rio Frank J. Del sold 3,077 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $55.57, for a total transaction of $170,988.89. Following the sale, the chief executive officer now owns 458,824 shares of the company’s stock, valued at $25,496,849.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 107,661 shares of company stock valued at $5,934,318. 0.98% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its holdings in Norwegian Cruise Line by 126.5% in the first quarter. Meeder Asset Management Inc. now owns 29,423 shares of the company’s stock worth $1,617,000 after buying an additional 16,435 shares during the period. Hodges Capital Management Inc. lifted its holdings in Norwegian Cruise Line by 6.7% in the first quarter. Hodges Capital Management Inc. now owns 60,909 shares of the company’s stock worth $3,348,000 after buying an additional 3,800 shares during the period. Virtu Financial LLC lifted its holdings in Norwegian Cruise Line by 23.7% in the first quarter. Virtu Financial LLC now owns 7,071 shares of the company’s stock worth $389,000 after buying an additional 1,355 shares during the period. Truvestments Capital LLC purchased a new stake in Norwegian Cruise Line in the first quarter worth about $309,000. Finally, Chartwell Investment Partners LLC lifted its holdings in Norwegian Cruise Line by 3.9% in the first quarter. Chartwell Investment Partners LLC now owns 44,873 shares of the company’s stock worth $2,466,000 after buying an additional 1,690 shares during the period. Institutional investors own 88.85% of the company’s stock.
Norwegian Cruise Line 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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