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

A number of equities analysts recently weighed in on NCLH shares. Zacks Investment Research upgraded shares of Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Thursday, May 5th. Nomura decreased their price objective on shares of Norwegian Cruise Line Holdings from $50.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, August 10th. Stifel Nicolaus decreased their price objective on shares of Norwegian Cruise Line Holdings from $55.00 to $51.00 and set a “buy” rating for the company in a 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 target price for the company. Finally, Tigress Financial raised shares of Norwegian Cruise Line Holdings to a “buy” rating in a research report on Tuesday, May 31st. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $58.79.

The stock has a market capitalization of $8.15 billion and a P/E ratio of 16.16. The firm has a 50-day moving average of $40.47 and a 200 day moving average of $45.63.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its 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 company earned $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS. On average, analysts expect that Norwegian Cruise Line Holdings Ltd. will post $3.43 earnings per share for the current fiscal year.

A number of hedge funds have added to or reduced their stakes in NCLH. US Bancorp DE increased its stake in 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 period. Employees Retirement System of Texas acquired a new stake in Norwegian Cruise Line Holdings during the fourth quarter valued at approximately $3,399,000. Finally, Morgan Stanley increased its stake in Norwegian Cruise Line Holdings by 44.5% in the fourth quarter. Morgan Stanley now owns 198,769 shares of the company’s stock valued at $11,648,000 after buying an additional 61,244 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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