Norwegian Cruise Line Holdings Ltd. (NCLH) Issues Earnings Results

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.05, Bloomberg Earnings reports. Norwegian Cruise Line Holdings had a net margin of 13.22% and a return on equity of 16.65%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. Norwegian Cruise Line Holdings updated its Q3 guidance to approx. $1.83 EPS and its FY17 guidance to $3.93-$4.03 EPS.

Shares of Norwegian Cruise Line Holdings (NCLH) opened at 55.78 on Friday. The firm’s 50-day moving average price is $55.63 and its 200-day moving average price is $52.02. The firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of 18.85 and a beta of 1.16. Norwegian Cruise Line Holdings has a 12 month low of $34.16 and a 12 month high of $61.48.

In other news, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of Norwegian Cruise Line Holdings stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $54.57, for a total value of $306,956,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jason Montague sold 15,000 shares of Norwegian Cruise Line Holdings stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $53.26, for a total value of $798,900.00. Following the completion of the transaction, the chief executive officer now directly owns 72,831 shares of the company’s stock, valued at $3,878,979.06. The disclosure for this sale can be found here. Insiders have sold a total of 5,651,807 shares of company stock worth $308,444,915 over the last ninety days. Company insiders own 0.98% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of NCLH. Aviance Capital Management LLC acquired a new position in Norwegian Cruise Line Holdings during the second quarter valued at $103,000. Toronto Dominion Bank raised its position in Norwegian Cruise Line Holdings by 12.4% in the second quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock valued at $106,000 after buying an additional 216 shares during the period. Quantbot Technologies LP acquired a new position in Norwegian Cruise Line Holdings during the first quarter valued at $116,000. BB&T Investment Services Inc. acquired a new position in Norwegian Cruise Line Holdings during the second quarter valued at $121,000. Finally, Acadian Asset Management LLC acquired a new position in Norwegian Cruise Line Holdings during the first quarter valued at $146,000. 85.69% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on NCLH shares. Zacks Investment Research upgraded Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Wednesday, April 26th. Wedbush upgraded Norwegian Cruise Line Holdings from a “neutral” rating to an “outperform” rating and increased their target price for the company from $54.00 to $61.00 in a research note on Friday, May 26th. UBS AG reiterated a “neutral” rating and set a $60.00 target price (up from $51.00) on shares of Norwegian Cruise Line Holdings in a research note on Thursday, August 10th. Bank of America Corporation initiated coverage on Norwegian Cruise Line Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $65.00 target price on the stock. Finally, ValuEngine upgraded Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, June 1st. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Norwegian Cruise Line Holdings presently has a consensus rating of “Buy” and a consensus target price of $57.94.

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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.

Earnings History for Norwegian Cruise Line Holdings (NASDAQ:NCLH)

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