Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) traded down 9.2% during trading on Tuesday . The company traded as low as $38.81 and last traded at $39.02, with a volume of 6,332,010 shares changing hands. The stock had previously closed at $42.96.

Several analysts have issued reports on NCLH shares. Nomura cut their target price on shares of Norwegian Cruise Line Holdings from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday. Wedbush cut their target price on shares of Norwegian Cruise Line Holdings from $59.00 to $53.00 and set an “outperform” rating on the stock in a research note on Wednesday. Stifel Nicolaus cut their target price on shares of Norwegian Cruise Line Holdings from $55.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday. Zacks Investment Research raised shares of Norwegian Cruise Line Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Finally, Sterne Agee CRT started coverage on shares of Norwegian Cruise Line Holdings in a research note on Tuesday, June 7th. They set a “buy” rating and a $60.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $59.43.

The firm has a market cap of $8.66 billion and a PE ratio of 16.84. The company has a 50-day moving average of $41.32 and a 200-day moving average of $46.14.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. The business earned $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. On average, analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post $3.71 EPS for the current fiscal year.

A number of large investors have modified their holdings of NCLH. US Bancorp DE raised 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 valued at $1,084,000 after buying an additional 97 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in 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 valued at $1,176,000 after buying an additional 1,220 shares in the last quarter. I.G. Investment Management LTD. raised its position in 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 valued at $13,357,000 after buying an additional 2,265 shares in the last quarter. GSA Capital Partners LLP raised its position in 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 valued at $1,087,000 after buying an additional 7,817 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new position in Norwegian Cruise Line Holdings during the fourth quarter valued at $3,399,000.

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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