Norwegian Cruise Line Holdings Ltd. (NCLH) CEO Rio Frank J. Del Sells 3,077 Shares

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) CEO Rio Frank J. Del sold 3,077 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $56.52, for a total transaction of $173,912.04. Following the completion of the transaction, the chief executive officer now owns 453,968 shares in the company, valued at approximately $25,658,271.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NCLH traded down $0.63 during mid-day trading on Friday, reaching $56.92. 1,255,442 shares of the stock traded hands, compared to its average volume of 2,110,227. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $39.36 and a 12-month high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 EPS.

Several hedge funds have recently added to or reduced their stakes in the company. Horizon Investments LLC acquired a new stake in shares of Norwegian Cruise Line during the first quarter worth approximately $208,000. FMR LLC grew its position in shares of Norwegian Cruise Line by 27.6% during the first quarter. FMR LLC now owns 245,566 shares of the company’s stock worth $13,497,000 after buying an additional 53,190 shares in the last quarter. BlueMountain Capital Management LLC grew its position in shares of Norwegian Cruise Line by 33.9% during the first quarter. BlueMountain Capital Management LLC now owns 371,441 shares of the company’s stock worth $20,414,000 after buying an additional 94,036 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Norwegian Cruise Line by 93.1% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,560 shares of the company’s stock worth $580,000 after buying an additional 5,091 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its position in shares of Norwegian Cruise Line by 4.9% during the first quarter. Schonfeld Strategic Advisors LLC now owns 50,000 shares of the company’s stock worth $2,748,000 after buying an additional 2,334 shares in the last quarter. 88.85% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on the stock. BidaskClub upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Wells Fargo & Co raised their price target on shares of Norwegian Cruise Line from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 10th. They noted that the move was a valuation call. Morgan Stanley raised their price target on shares of Norwegian Cruise Line from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Nomura raised their price target on shares of Norwegian Cruise Line from $65.00 to $69.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Buckingham Research raised their price target on shares of Norwegian Cruise Line from $75.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Norwegian Cruise Line has an average rating of “Buy” and a consensus target price of $67.00.

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Norwegian Cruise Line 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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