Norwegian Cruise Line Holdings Ltd. (NCLH) CEO Sells $826,200.00 in Stock

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) CEO Jason Montague sold 15,000 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $55.08, for a total value of $826,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ NCLH) traded up $0.04 on Tuesday, reaching $55.27. The company had a trading volume of 1,723,600 shares, compared to its average volume of 1,855,309. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $38.50 and a 52-week high of $61.48. The company has a market capitalization of $12,618.06, a PE ratio of 15.13, a PEG ratio of 0.56 and a beta of 1.12. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.34 and a quick ratio of 0.31.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its quarterly earnings data on Thursday, November 9th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.04. Norwegian Cruise Line Holdings had a return on equity of 16.97% and a net margin of 13.91%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the business posted $1.62 earnings per share. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 3.82 EPS for the current year.

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Several equities analysts have recently commented on the company. Wedbush set a $65.00 target price on Norwegian Cruise Line Holdings and gave the company a “buy” rating in a research note on Sunday. Barclays PLC increased their target price on Norwegian Cruise Line Holdings from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday. Morgan Stanley increased their target price on Norwegian Cruise Line Holdings from $58.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday. Zacks Investment Research cut Norwegian Cruise Line Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Finally, Argus assumed coverage on Norwegian Cruise Line Holdings in a research note on Wednesday, October 25th. They set a “buy” rating and a $68.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $62.80.

Hedge funds have recently bought and sold shares of the business. Swiss National Bank lifted its stake in Norwegian Cruise Line Holdings by 2.9% in the second quarter. Swiss National Bank now owns 579,700 shares of the company’s stock valued at $31,472,000 after buying an additional 16,200 shares during the last quarter. Morgan Stanley lifted its stake in Norwegian Cruise Line Holdings by 82.1% in the first quarter. Morgan Stanley now owns 251,407 shares of the company’s stock valued at $12,753,000 after buying an additional 113,323 shares during the last quarter. Impala Asset Management LLC bought a new stake in Norwegian Cruise Line Holdings in the second quarter valued at $23,418,000. Bank of New York Mellon Corp lifted its stake in Norwegian Cruise Line Holdings by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 701,327 shares of the company’s stock valued at $38,075,000 after buying an additional 13,371 shares during the last quarter. Finally, Andra AP fonden lifted its stake in Norwegian Cruise Line Holdings by 468.4% in the second quarter. Andra AP fonden now owns 32,400 shares of the company’s stock valued at $1,759,000 after buying an additional 26,700 shares during the last quarter. Institutional investors own 86.19% of the company’s stock.

Norwegian Cruise Line Holdings Company Profile

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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