Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) hit a new 52-week low during trading on Wednesday . The stock traded as low as $36.90 and last traded at $37.04, with a volume of 1,750,828 shares trading hands. The stock had previously closed at $37.68.

Several analysts have recently commented on NCLH shares. Zacks Investment Research upgraded Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Thursday, May 5th. Nomura dropped their price target on shares of Norwegian Cruise Line Holdings from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, August 10th. Stifel Nicolaus dropped their price target on shares of Norwegian Cruise Line Holdings from $55.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, August 10th. Sterne Agee CRT initiated coverage on shares of Norwegian Cruise Line Holdings in a research report on Tuesday, June 7th. They issued a “buy” rating and a $60.00 price target on the stock. Finally, Tigress Financial raised shares of Norwegian Cruise Line Holdings to a “buy” rating in a research report on Tuesday, May 31st. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $58.79.

The company has a 50 day moving average price of $40.59 and a 200-day moving average price of $45.69. The company has a market cap of $8.37 billion and a P/E ratio of 16.60.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced 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. During the same quarter in the prior year, the firm earned $0.75 EPS. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Norwegian Cruise Line Holdings’s quarterly revenue was up 9.3% compared to the same quarter last year. Equities analysts expect that Norwegian Cruise Line Holdings Ltd. will post $3.46 earnings per share for the current fiscal year.

Several institutional investors recently made changes to their positions in the stock. US Bancorp DE boosted its position 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 in the last quarter. Employees Retirement System of Texas acquired a new stake in shares of Norwegian Cruise Line Holdings during the fourth quarter worth $3,399,000. 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 during the period. 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 during the period. Finally, 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 during the period.

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. Its brands offer itineraries to over 510 destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii with a combined fleet of approximately 20 ships with over 45,000 Berths.

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