First Dallas Securities Inc. Sells 21,850 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

First Dallas Securities Inc. decreased its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 38.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,450 shares of the company’s stock after selling 21,850 shares during the period. First Dallas Securities Inc.’s holdings in Norwegian Cruise Line were worth $912,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of NCLH. Prestige Wealth Management Group LLC grew its stake in Norwegian Cruise Line by 192.3% during the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after acquiring an additional 800 shares in the last quarter. R Squared Ltd purchased a new position in Norwegian Cruise Line in the 4th quarter worth approximately $31,000. Avior Wealth Management LLC grew its stake in Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after buying an additional 429 shares in the last quarter. Blue Trust Inc. grew its stake in Norwegian Cruise Line by 489.8% in the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after buying an additional 1,817 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in Norwegian Cruise Line in the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NCLH. The Goldman Sachs Group raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $29.00 to $35.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. upped their price objective on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Wells Fargo & Company upped their price objective on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.27.

Norwegian Cruise Line Trading Down 2.5 %

NYSE:NCLH opened at $27.66 on Tuesday. The company has a 50-day moving average price of $26.61 and a 200-day moving average price of $22.80. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.69 and a 12 month high of $29.29. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The stock has a market cap of $12.16 billion, a price-to-earnings ratio of 25.37, a P/E/G ratio of 0.26 and a beta of 2.64.

Insider Buying and Selling

In related news, insider Andrea Demarco sold 29,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total value of $805,040.00. Following the transaction, the insider now owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. This trade represents a 22.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mark Kempa sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total transaction of $417,900.00. Following the completion of the transaction, the chief financial officer now directly owns 253,386 shares in the company, valued at approximately $7,059,333.96. The trade was a 5.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,344 shares of company stock worth $2,269,731 in the last three months. 0.52% of the stock is owned by corporate insiders.

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.