Norwegian Cruise Line (NASDAQ:NCLH) had its target price lifted by Nomura from $65.00 to $69.00 in a research report sent to investors on Friday morning, BenzingaRatingsTable reports. Nomura currently has a buy rating on the stock.
A number of other analysts have also weighed in on NCLH. Zacks Investment Research lowered shares of Norwegian Cruise Line from a buy rating to a hold rating in a research report on Friday, January 11th. Deutsche Bank restated a buy rating and issued a $65.00 target price on shares of Norwegian Cruise Line in a research report on Wednesday, January 16th. BidaskClub upgraded shares of Norwegian Cruise Line from a strong sell rating to a sell rating in a research report on Wednesday, January 30th. Morgan Stanley upgraded shares of Norwegian Cruise Line from an equal weight rating to an overweight rating and raised their target price for the company from $58.00 to $62.00 in a research report on Wednesday, February 6th. Finally, TheStreet upgraded shares of Norwegian Cruise Line from a c+ rating to a b- rating in a research report on Wednesday, February 6th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $66.71.
Norwegian Cruise Line stock traded up $0.31 during mid-day trading on Friday, reaching $57.90. The company had a trading volume of 2,560,050 shares, compared to its average volume of 2,113,192. Norwegian Cruise Line has a fifty-two week low of $39.36 and a fifty-two week high of $59.71.
In related news, insider Harry Sommer sold 31,138 shares of Norwegian Cruise Line stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $55.01, for a total transaction of $1,712,901.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Rio Frank J. Del sold 3,077 shares of Norwegian Cruise Line stock in a transaction on Friday, February 15th. The shares were sold at an average price of $52.70, for a total transaction of $162,157.90. Following the completion of the sale, the chief executive officer now directly owns 292,090 shares of the company’s stock, valued at $15,393,143. The disclosure for this sale can be found here. Insiders have sold 104,584 shares of company stock valued at $5,803,853 in the last three months. 0.98% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Machina Capital S.A.S. bought a new stake in Norwegian Cruise Line in the fourth quarter valued at $29,000. Sterling Investment Advisors Ltd. bought a new stake in Norwegian Cruise Line in the fourth quarter valued at $42,000. Exane Derivatives increased its stake in Norwegian Cruise Line by 221.9% in the fourth quarter. Exane Derivatives now owns 1,220 shares of the company’s stock valued at $52,000 after purchasing an additional 841 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Norwegian Cruise Line in the first quarter valued at $89,000. Finally, US Bancorp DE increased its stake in Norwegian Cruise Line by 27.7% in the first quarter. US Bancorp DE now owns 1,688 shares of the company’s stock valued at $93,000 after purchasing an additional 366 shares in the last quarter. 88.85% of the stock is owned by hedge funds and other institutional investors.
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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