Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $28.73 and last traded at $28.48, with a volume of 1003643 shares. The stock had previously closed at $28.44.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the company a "hold" rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on Norwegian Cruise Line from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, December 17th. Wells Fargo & Company lifted their target price on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. StockNews.com upgraded Norwegian Cruise Line from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. Finally, Macquarie reiterated an "outperform" rating and issued a $30.00 price objective on shares of Norwegian Cruise Line in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of "Moderate Buy" and an average price target of $29.27.
Read Our Latest Research Report on Norwegian Cruise Line
Norwegian Cruise Line Price Performance
The stock has a market capitalization of $12.45 billion, a P/E ratio of 25.98, a price-to-earnings-growth ratio of 0.26 and a beta of 2.64. The business has a fifty day simple moving average of $26.61 and a 200 day simple moving average of $22.78. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.
Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.05. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. Norwegian Cruise Line's revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.71 earnings per share. On average, analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.5 earnings per share for the current year.
Insider Activity
In other Norwegian Cruise Line news, CFO Mark Kempa sold 15,000 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total value of $417,900.00. Following the transaction, the chief financial officer now owns 253,386 shares of the company's stock, valued at approximately $7,059,333.96. The trade was a 5.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Faye L. Ashby sold 38,344 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $27.30, for a total value of $1,046,791.20. Following the sale, the chief accounting officer now directly owns 116,270 shares of the company's stock, valued at approximately $3,174,171. This represents a 24.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,344 shares of company stock worth $2,269,731 over the last quarter. Insiders own 0.52% of the company's stock.
Institutional Trading of Norwegian Cruise Line
A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of Norwegian Cruise Line by 4.3% in the third quarter. State Street Corp now owns 15,241,984 shares of the company's stock valued at $312,613,000 after buying an additional 621,793 shares during the period. Geode Capital Management LLC raised its stake in Norwegian Cruise Line by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 10,522,834 shares of the company's stock valued at $215,481,000 after acquiring an additional 261,925 shares during the period. Baillie Gifford & Co. bought a new stake in Norwegian Cruise Line in the 3rd quarter valued at about $179,146,000. Two Sigma Advisers LP lifted its holdings in Norwegian Cruise Line by 864.9% during the third quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company's stock valued at $79,263,000 after purchasing an additional 3,464,100 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Norwegian Cruise Line by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company's stock worth $71,791,000 after purchasing an additional 94,178 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.
About Norwegian Cruise Line
(
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Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.
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