Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) fell 7.1% during mid-day trading on Tuesday . The stock traded as low as $39.29 and last traded at $39.45, with a volume of 2,105,643 shares changing hands. The stock had previously closed at $42.46.

Several research firms recently issued reports on NCLH. Stifel Nicolaus reduced their price objective on shares of Norwegian Cruise Line Holdings from $69.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. Zacks Investment Research upgraded shares of Norwegian Cruise Line Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Sterne Agee CRT started coverage on shares of Norwegian Cruise Line Holdings in a report on Tuesday, June 7th. They issued a “buy” rating and a $60.00 target price on the stock. Tigress Financial upgraded shares of Norwegian Cruise Line Holdings to a “buy” rating in a report on Tuesday, May 31st. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of Norwegian Cruise Line Holdings in a report on Tuesday, May 24th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Norwegian Cruise Line Holdings currently has a consensus rating of “Buy” and an average target price of $62.14.

The firm’s 50 day moving average price is $41.78 and its 200-day moving average price is $46.38. The firm has a market cap of $9.39 billion and a price-to-earnings ratio of 18.272.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its earnings results on Tuesday, May 10th. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.01. During the same quarter in the previous year, the company posted $0.27 EPS. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. Equities analysts expect that Norwegian Cruise Line Holdings Ltd. will post $3.73 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Norwegian Cruise Line Holdings by 8.7% in the fourth quarter. Vanguard Group Inc. now owns 10,959,113 shares of the company’s stock worth $642,204,000 after buying an additional 875,828 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Norwegian Cruise Line Holdings by 20.6% in the fourth quarter. Jennison Associates LLC now owns 1,684,301 shares of the company’s stock worth $98,700,000 after buying an additional 287,191 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Norwegian Cruise Line Holdings by 31.3% in the fourth quarter. BNP Paribas Arbitrage SA now owns 438,838 shares of the company’s stock worth $25,716,000 after buying an additional 104,705 shares in the last quarter. I.G. Investment Management LTD. boosted its stake in shares of Norwegian Cruise Line Holdings by 1.0% in the fourth quarter. I.G. Investment Management LTD. now owns 227,941 shares of the company’s stock worth $13,357,000 after buying an additional 2,265 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Norwegian Cruise Line Holdings by 44.5% in the fourth quarter. Morgan Stanley now owns 198,769 shares of the company’s stock worth $11,648,000 after buying an additional 61,244 shares in the last quarter.

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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