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

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) CAO Faye L. Ashby sold 38,344 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now owns 116,270 shares in the company, valued at approximately $3,174,171. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Norwegian Cruise Line Price Performance

NCLH stock traded up $0.27 during midday trading on Friday, hitting $27.32. The company’s stock had a trading volume of 10,482,662 shares, compared to its average volume of 12,913,759. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $12.70 and a 12 month high of $27.93. 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 firm has a market capitalization of $12.01 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 0.26 and a beta of 2.67. The company has a 50 day moving average of $21.55 and a two-hundred day moving average of $18.83.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the company posted $0.71 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current year.

Institutional Trading of Norwegian Cruise Line

Several hedge funds and other institutional investors have recently bought and sold shares of NCLH. Price T Rowe Associates Inc. MD increased its stake in Norwegian Cruise Line by 120.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after purchasing an additional 12,313,426 shares during the period. Baillie Gifford & Co. purchased a new stake in Norwegian Cruise Line in the third quarter worth $179,146,000. Columbus Hill Capital Management L.P. bought a new position in shares of Norwegian Cruise Line during the 2nd quarter worth $23,479,000. Dimensional Fund Advisors LP grew its position in shares of Norwegian Cruise Line by 32.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after buying an additional 1,129,770 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Norwegian Cruise Line during the 2nd quarter worth $15,213,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Barclays boosted their target price on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Tigress Financial restated a “strong-buy” rating and set a $32.00 target price on shares of Norwegian Cruise Line in a report on Friday, August 9th. Morgan Stanley lifted their price target on Norwegian Cruise Line from $17.50 to $19.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 30th. Finally, Susquehanna lifted their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Norwegian Cruise Line currently has an average rating of “Hold” and a consensus price target of $26.47.

Norwegian Cruise Line Company Profile

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.