Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) CEO Rio Frank J. Del sold 3,077 shares of the business’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $51.03, for a total transaction of $157,019.31. Following the sale, the chief executive officer now directly owns 304,398 shares of the company’s stock, valued at $15,533,429.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NCLH stock opened at $49.00 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 0.34. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $46.16 and a 1-year high of $61.18.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its earnings results on Thursday, August 9th. The company reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.18. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.02 earnings per share. On average, sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 3.66 EPS for the current year.

Several research firms recently weighed in on NCLH. BidaskClub downgraded Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. JPMorgan Chase & Co. restated a “buy” rating on shares of Norwegian Cruise Line in a report on Thursday, October 11th. Stifel Nicolaus lifted their price objective on Norwegian Cruise Line from $70.00 to $71.00 and gave the company a “buy” rating in a report on Friday, August 10th. Zacks Investment Research upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Friday, July 20th. Finally, Macquarie upgraded Norwegian Cruise Line from an “underperform” rating to a “neutral” rating and set a $55.00 price objective for the company in a report on Friday, September 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $64.91.

A number of institutional investors have recently made changes to their positions in NCLH. Federated Investors Inc. PA raised its holdings in Norwegian Cruise Line by 41.0% in the first quarter. Federated Investors Inc. PA now owns 4,044 shares of the company’s stock worth $214,000 after purchasing an additional 1,175 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Norwegian Cruise Line by 14.2% in the first quarter. Principal Financial Group Inc. now owns 314,962 shares of the company’s stock worth $16,683,000 after purchasing an additional 39,113 shares in the last quarter. Profund Advisors LLC raised its holdings in Norwegian Cruise Line by 17.6% in the first quarter. Profund Advisors LLC now owns 7,461 shares of the company’s stock worth $395,000 after purchasing an additional 1,118 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in Norwegian Cruise Line by 36.8% in the first quarter. Nuveen Asset Management LLC now owns 33,369 shares of the company’s stock worth $1,768,000 after purchasing an additional 8,984 shares in the last quarter. Finally, Allianz Asset Management GmbH bought a new position in Norwegian Cruise Line in the first quarter worth about $215,000. Institutional investors and hedge funds own 88.85% of the company’s stock.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

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