Todays Report: The Norwegian Cruise Line Holdings Ltd. (NCLH) Coverage Initiated at Macquarie

The Norwegian Cruise Line Holdings Ltd. (NCLH) Coverage Initiated at Macquarie

Macquarie began coverage on shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) in a research note published on Tuesday morning. The brokerage issued a neutral rating and a $38.00 target price on the stock.

A number of other equities research analysts have also recently commented on NCLH. Sterne Agee CRT started coverage on Norwegian Cruise Line Holdings in a research note on Tuesday, June 7th. They issued a buy rating and a $60.00 price target for the company. Zacks Investment Research cut Norwegian Cruise Line Holdings from a hold rating to a sell rating in a research note on Saturday, June 25th. Stifel Nicolaus decreased their price target on 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. Wedbush decreased their price target on Norwegian Cruise Line Holdings from $59.00 to $53.00 and set an outperform rating for the company in a research note on Wednesday, August 10th. Finally, Nomura decreased their price target on Norwegian Cruise Line Holdings from $50.00 to $48.00 and set a buy rating for the company in a research note on Wednesday, August 10th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Norwegian Cruise Line Holdings currently has an average rating of Buy and an average target price of $54.00.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 38.46 on Tuesday. The stock has a market capitalization of $8.73 billion, a PE ratio of 17.32 and a beta of 1.18. Norwegian Cruise Line Holdings has a 52-week low of $34.16 and a 52-week high of $64.27. The stock’s 50 day moving average price is $36.58 and its 200-day moving average price is $43.48.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Norwegian Cruise Line Holdings had a return on equity of 16.47% and a net margin of 11.09%. The company earned $1.20 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the business posted $0.75 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. On average, equities analysts expect that Norwegian Cruise Line Holdings will post $3.40 EPS for the current fiscal year.

In other Norwegian Cruise Line Holdings news, EVP T. Robin Lindsay purchased 12,000 shares of the stock in a transaction on Friday, September 2nd. The shares were bought at an average price of $35.90 per share, for a total transaction of $430,800.00. Following the completion of the transaction, the executive vice president now owns 72,647 shares of the company’s stock, valued at approximately $2,608,027.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rio Frank J. Del purchased 55,623 shares of the stock in a transaction on Wednesday, August 31st. The shares were acquired at an average price of $35.96 per share, for a total transaction of $2,000,203.08. Following the transaction, the chief executive officer now directly owns 451,171 shares of the company’s stock, valued at approximately $16,224,109.16. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Mizuho Asset Management Co. Ltd. increased its position in shares of Norwegian Cruise Line Holdings by 169.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,595 shares of the company’s stock worth $103,000 after buying an additional 1,631 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of Norwegian Cruise Line Holdings by 50.0% in the second quarter. Glenmede Trust Co. NA now owns 4,950 shares of the company’s stock worth $197,000 after buying an additional 1,650 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of Norwegian Cruise Line Holdings by 28.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 5,274 shares of the company’s stock worth $210,000 after buying an additional 1,153 shares in the last quarter. Amalgamated Bank increased its position in shares of Norwegian Cruise Line Holdings by 26.8% in the second quarter. Amalgamated Bank now owns 5,457 shares of the company’s stock worth $212,000 after buying an additional 1,155 shares in the last quarter. Finally, Gideon Capital Advisors Inc. acquired a new position in shares of Norwegian Cruise Line Holdings during the second quarter worth about $213,000. Institutional investors own 88.30% of the company’s stock.

Norwegian Cruise Line Holdings Company Profile

Related posts

Leave a Comment