Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) dropped 2.3% during mid-day trading on Thursday . The company traded as low as $42.95 and last traded at $42.98, with a volume of 2,160,416 shares traded. The stock had previously closed at $43.98.

NCLH has been the subject of a number of analyst reports. Zacks Investment Research upgraded Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Thursday, May 5th. SunTrust Banks Inc. upgraded Norwegian Cruise Line Holdings from a “neutral” rating to a “buy” rating and raised their price target for the stock from $57.00 to $64.00 in a research report on Thursday, March 17th. Sterne Agee CRT initiated coverage on Norwegian Cruise Line Holdings in a research report on Tuesday, June 7th. They issued a “buy” rating and a $60.00 price target for the company. Tigress Financial upgraded Norwegian Cruise Line Holdings to a “buy” rating in a research report on Tuesday, May 31st. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Norwegian Cruise Line Holdings in a research report on Tuesday, May 24th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $63.21.

The firm has a market cap of $9.71 billion and a price-to-earnings ratio of 18.88. The firm has a 50 day moving average price of $43.37 and a 200-day moving average price of $47.85.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Norwegian Cruise Line Holdings’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 EPS. Equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post $3.77 EPS for the current year.

Several hedge funds and institutional investors have added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado increased its position in 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 during the last quarter. Swiss National Bank increased its position in Norwegian Cruise Line Holdings by 1.4% in the fourth quarter. Swiss National Bank now owns 290,200 shares of the company’s stock worth $17,006,000 after buying an additional 4,000 shares during the last quarter. Rhumbline Advisers increased its position in Norwegian Cruise Line Holdings by 3.5% in the fourth quarter. Rhumbline Advisers now owns 112,783 shares of the company’s stock worth $6,609,000 after buying an additional 3,820 shares during the last quarter. California Public Employees Retirement System increased its position in Norwegian Cruise Line Holdings by 0.6% in the fourth quarter. California Public Employees Retirement System now owns 378,300 shares of the company’s stock worth $22,168,000 after buying an additional 2,400 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new position in Norwegian Cruise Line Holdings during the fourth quarter worth approximately $4,529,000.

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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