Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) CEO Rio Frank J. Del sold 1,544 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $50.05, for a total value of $77,277.20. Following the completion of the sale, the chief executive officer now owns 406,550 shares in the company, valued at approximately $20,347,827.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NCLH traded up $0.02 during midday trading on Thursday, reaching $49.35. 474,174 shares of the stock were exchanged, compared to its average volume of 2,091,312. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $39.36 and a 52 week high of $59.71. The company’s 50 day moving average is $51.22 and its two-hundred day moving average is $52.82.
Norwegian Cruise Line (NASDAQ:NCLH) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.04. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the company posted $1.21 EPS. Norwegian Cruise Line’s quarterly revenue was up 9.3% compared to the same quarter last year.
A number of analysts have weighed in on the company. TheStreet upgraded Norwegian Cruise Line from a “c+” rating to a “b” rating in a research note on Friday, September 6th. Wedbush set a $65.00 target price on Norwegian Cruise Line and gave the stock a “buy” rating in a research note on Thursday, September 12th. Nomura reiterated a “buy” rating on shares of Norwegian Cruise Line in a research note on Thursday, October 10th. Buckingham Research upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their target price for the stock from $56.00 to $61.00 in a research note on Friday, August 9th. Finally, BidaskClub lowered Norwegian Cruise Line from a “buy” rating to a “hold” rating in a research note on Saturday, September 21st. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $65.20.
About Norwegian Cruise Line
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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