Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) CAO Faye L. Ashby Sells 38,344 Shares of Stock

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) CAO Faye L. Ashby sold 38,344 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the completion of the sale, the chief accounting officer now directly owns 116,270 shares of the company’s stock, valued at $3,174,171. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Norwegian Cruise Line Price Performance

NCLH opened at $27.32 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The company’s 50-day moving average price is $21.55 and its 200 day moving average price is $18.83. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.70 and a fifty-two week high of $27.93. The firm has a market cap of $12.01 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 0.29 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the prior year, the firm earned $0.71 EPS. The business’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.64 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NCLH shares. Argus raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $20.00 to $30.00 in a research report on Wednesday, October 9th. Wells Fargo & Company increased their price target on Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. The Goldman Sachs Group raised their price objective on Norwegian Cruise Line from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Tigress Financial reiterated a “strong-buy” rating and set a $32.00 target price on shares of Norwegian Cruise Line in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.47.

Hedge Funds Weigh In On Norwegian Cruise Line

Several hedge funds and other institutional investors have recently modified their holdings of the company. nVerses Capital LLC bought a new position in Norwegian Cruise Line in the 3rd quarter worth approximately $615,000. Bleakley Financial Group LLC grew its stake in shares of Norwegian Cruise Line by 9.3% in the first quarter. Bleakley Financial Group LLC now owns 15,095 shares of the company’s stock worth $316,000 after purchasing an additional 1,281 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Norwegian Cruise Line by 26.7% in the second quarter. Mackenzie Financial Corp now owns 1,008,327 shares of the company’s stock worth $18,946,000 after purchasing an additional 212,787 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Norwegian Cruise Line by 7.0% during the third quarter. New York State Common Retirement Fund now owns 905,441 shares of the company’s stock valued at $18,571,000 after purchasing an additional 59,375 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Norwegian Cruise Line by 69.5% during the second quarter. American Century Companies Inc. now owns 651,472 shares of the company’s stock valued at $12,241,000 after purchasing an additional 267,155 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.