Mark Kempa Sells 15,000 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Stock

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) CFO Mark Kempa sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total transaction of $417,900.00. Following the sale, the chief financial officer now owns 253,386 shares of the company’s stock, valued at approximately $7,059,333.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Norwegian Cruise Line Trading Up 1.0 %

Shares of Norwegian Cruise Line stock opened at $27.32 on Friday. The firm’s 50 day moving average is $21.74 and its 200 day moving average is $18.89. The firm has a market capitalization of $12.01 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 0.29 and a beta of 2.67. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.70 and a 1 year high of $27.93. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data 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. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. Norwegian Cruise Line’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. Equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Morgan Stanley increased their target price on Norwegian Cruise Line from $17.50 to $19.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 30th. Mizuho increased their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Stifel Nicolaus boosted their target price on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, October 4th. The Goldman Sachs Group raised their price target on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Norwegian Cruise Line presently has an average rating of “Hold” and a consensus target price of $26.47.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in Norwegian Cruise Line by 120.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock valued at $470,889,000 after acquiring an additional 12,313,426 shares during the last quarter. Baillie Gifford & Co. bought a new stake in shares of Norwegian Cruise Line during the 3rd quarter valued at about $179,146,000. Columbus Hill Capital Management L.P. acquired a new stake in Norwegian Cruise Line during the second quarter worth approximately $23,479,000. Dimensional Fund Advisors LP increased its holdings in Norwegian Cruise Line by 32.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after purchasing an additional 1,129,770 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in Norwegian Cruise Line in the second quarter valued at approximately $15,213,000. 69.58% of the stock is owned by institutional investors.

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.