Traders Sell Norwegian Cruise Line Holdings Ltd. (NCLH) on Strength (NCLH)

Traders sold shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) on strength during trading hours on Thursday. $54.56 million flowed into the stock on the tick-up and $1,027.88 million flowed out of the stock on the tick-down, for a money net flow of $973.32 million out of the stock. Of all stocks tracked, Norwegian Cruise Line Holdings had the highest net out-flow for the day. Norwegian Cruise Line Holdings traded up $0.06 for the day and closed at $58.86

NCLH has been the topic of several research analyst reports. BidaskClub cut Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Buckingham Research increased their target price on Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research cut Norwegian Cruise Line Holdings from a “hold” rating to a “sell” rating in a report on Wednesday. UBS AG reiterated a “neutral” rating and issued a $60.00 price target (up previously from $51.00) on shares of Norwegian Cruise Line Holdings in a report on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $64.00 price target (up previously from $60.00) on shares of Norwegian Cruise Line Holdings in a report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. Norwegian Cruise Line Holdings presently has an average rating of “Hold” and an average target price of $60.00.

The firm’s 50-day moving average is $56.57 and its 200-day moving average is $53.93. The company has a market cap of $13.43 billion, a PE ratio of 19.89 and a beta of 1.12.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. Norwegian Cruise Line Holdings had a return on equity of 16.65% and a net margin of 13.22%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The business’s revenue was up 13.3% on a year-over-year basis. On average, equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post $3.98 EPS for the current fiscal year.

In other Norwegian Cruise Line Holdings news, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the company’s 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 SEC, which is available at the SEC website. Also, EVP Harry Sommer sold 11,807 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $58.42, for a total value of $689,764.94. Following the completion of the sale, the executive vice president now owns 42,195 shares in the company, valued at approximately $2,465,031.90. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

Several institutional investors have recently made changes to their positions in NCLH. Aviance Capital Management LLC bought a new stake in shares of Norwegian Cruise Line Holdings during the 2nd quarter valued at about $103,000. Toronto Dominion Bank boosted its position in shares of Norwegian Cruise Line Holdings by 12.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock valued at $106,000 after purchasing an additional 216 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Norwegian Cruise Line Holdings during the 1st quarter valued at about $116,000. BB&T Investment Services Inc. bought a new stake in shares of Norwegian Cruise Line Holdings during the 2nd quarter valued at about $121,000. Finally, Pacer Advisors Inc. bought a new stake in shares of Norwegian Cruise Line Holdings during the 2nd quarter valued at about $197,000. Institutional investors own 85.80% of the company’s stock.

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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.

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