Sterne Agee CRT Initiates Coverage on Norwegian Cruise Line Holdings Ltd to Buy

Sterne Agee CRT Initiates Coverage on Norwegian Cruise Line Holdings Ltd(NASDAQ:NCLH). The shares have been rated Buy. The rating by Sterne Agee CRT was issued on Jun 7, 2016.

In a different note, On Mar 17, 2016, SunTrust Robinson Humphrey said it Upgrades its rating on Norwegian Cruise Line Holdings Ltd. The shares have been rated ‘Buy’ by the firm.

Norwegian Cruise Line Holdings Ltd (NCLH) shares turned negative on Fridays trading session with the shares closing down -1.08 points or -2.37% at a volume of 11,77,476. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $45.79. The peak price level was also seen at $45.79 while the days lowest was $43.89. Finally the shares closed at $44.53. The 52-week high of the shares is $64.27 while the 52-week low is $37.01. According to the latest information available, the market cap of the company is $10,109 M.

Norwegian Cruise Line Holdings Ltd(NCLH) last announced its earnings results on May 10, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.08B. Analysts had an estimated revenue of $1.09B. Earnings per share were $0.38. Analysts had estimated an EPS of $0.37.

Several Insider Transactions has been reported to the SEC. On Mar 14, 2016, Daniel S Farkas (SVP Gen. Counsel & Asst. Sec’y) sold 39,070 shares at $47.58 per share price.Also, On Dec 7, 2015, Robert Binder (Vice Chairman, Regent&Oceania) sold 31,424 shares at $58.28 per share price.On Dec 4, 2015, Chad A Leat (director) purchased 5,000 shares at $58.29 per share price, according to the Form-4 filing with the securities and exchange commission.

Norwegian Cruise Line Holdings Ltd. is a diversified cruise operator. The Company operates cruise lines under the Norwegian Oceania and Regent brands. Norwegian offers cruises ranging in length from one day to three weeks. Each of Norwegian’s 13 ships has been built to consistently deliver the Freestyle Cruising product offering. Freestyle Cruising offers flexibility and choice to its guests who prefer to dine when they want with whomever they want and without having to dress formally. Oceania operates a fleet of five mid-size ships in the upper-premium cruise segment offering personalized service and elegant accommodations. Regent offers a luxury all-inclusive cruise vacation experience including free air transportation a pre-cruise hotel night stay wines and liquors gratuities and unlimited shore excursions.

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