Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) saw strong trading volume on Friday . 2,057,239 shares changed hands during mid-day trading, a decline of 15% from the previous session’s volume of 2,429,140 shares.The stock last traded at $41.04 and had previously closed at $42.77.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Norwegian Cruise Line Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Sterne Agee CRT assumed coverage on shares of Norwegian Cruise Line Holdings in a report on Tuesday, June 7th. They issued a “buy” rating and a $60.00 price target on the stock. Tigress Financial raised shares of Norwegian Cruise Line Holdings to a “buy” rating in a report on Tuesday, May 31st. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Norwegian Cruise Line Holdings in a report on Tuesday, May 24th. Finally, Nomura Holdings Inc. reaffirmed a “buy” rating and issued a $65.00 price target on shares of Norwegian Cruise Line Holdings in a report on Sunday, May 15th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Norwegian Cruise Line Holdings presently has an average rating of “Buy” and an average target price of $63.21.

The stock has a market capitalization of $9.35 billion and a P/E ratio of 18.19. The firm has a 50 day moving average price of $43.23 and a 200-day moving average price of $47.72.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The company earned $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. The business’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Equities research analysts predict that Norwegian Cruise Line Holdings Ltd. will post $3.77 EPS for the current year.

Other hedge funds recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of Norwegian Cruise Line Holdings by 0.5% in the fourth quarter. US Bancorp DE now owns 18,496 shares of the company’s stock worth $1,084,000 after buying an additional 97 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of Norwegian Cruise Line Holdings by 72.8% in the fourth quarter. GSA Capital Partners LLP now owns 18,556 shares of the company’s stock worth $1,087,000 after buying an additional 7,817 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of Norwegian Cruise Line Holdings by 6.5% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 20,070 shares of the company’s stock worth $1,176,000 after buying an additional 1,220 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of Norwegian Cruise Line Holdings by 54.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 23,377 shares of the company’s stock worth $1,370,000 after buying an additional 8,218 shares in the last quarter. Finally, Cowen Group Inc. bought a new stake in shares of Norwegian Cruise Line Holdings during the fourth quarter worth about $1,714,000.

Norwegian Cruise Line Holdings Ltd. is a diversified cruise operator. The Company operates cruise lines under the Norwegian, Oceania and Regent brands. Norwegian offers cruises ranging in length from one day to three weeks. Each of Norwegian’s 13 ships has been built to consistently deliver the Freestyle Cruising product offering.

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