Revenue Update on Norwegian Cruise Line Holdings Ltd(NASDAQ:NCLH)

Norwegian Cruise Line Holdings Ltd(NASDAQ:NCLH) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $1.125B. Analysts estimated a revenue of $1.110B. The revenues were 1.35% above the estimates. Earnings per share were $0.56. The reported EPS was above estimates by 1.82%. Analysts had estimated an EPS of $0.55.

In a different note, Goldman Sachs said it Initiates Coverage On Norwegian Cruise Line Holdings Ltd, according to a research note issued on Dec 16, 2016. The shares have been rated ‘Neutral’ by the firm. Morgan Stanley said it Initiates Coverage On Norwegian Cruise Line Holdings Ltd, according to a research note issued on Dec 13, 2016. The shares have been rated ‘Equal-Weight’ by the firm.

Norwegian Cruise Line Holdings Ltd (NCLH) made into the market gainers list on Wednesdays trading session with the shares advancing 7.14% or 3.44 points. Due to strong positive momentum, the stock ended at $51.64, which is also near the day’s high of $52.14. The stock began the session at $49.24 and the volume stood at 40,43,069 shares. The 52-week high of the shares is $55.59 and the 52 week low is $34.16. The company has a current market capitalization of $11,732 M and it has 22,71,79,960 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Sep 6, 2016, T. Robin Lindsay (EVP, Vessel Operations) purchased 12,000 shares at $35.90 per share price.Also, On Aug 31, 2016, Rio Frank J Del (CEO) purchased 83,498 shares at $35.93 per share price.On Mar 14, 2016, Daniel S Farkas (SVP Gen. Counsel & Asst. Sec’y) sold 39,070 shares at $47.58 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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