Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Stake Lowered by First Dallas Securities Inc.

First Dallas Securities Inc. reduced its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 38.1% during the 4th quarter, according to the company in its most recent 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Baillie Gifford & Co. bought a new stake in Norwegian Cruise Line in the third quarter worth $179,146,000. Two Sigma Advisers LP boosted its holdings in Norwegian Cruise Line by 864.9% in the third quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock worth $79,263,000 after purchasing an additional 3,464,100 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in Norwegian Cruise Line in the fourth quarter worth $43,956,000. ING Groep NV boosted its holdings in Norwegian Cruise Line by 1,340.3% in the third quarter. ING Groep NV now owns 831,505 shares of the company’s stock worth $17,054,000 after purchasing an additional 773,772 shares in the last quarter. Finally, State Street Corp boosted its holdings in Norwegian Cruise Line by 4.3% in the third quarter. State Street Corp now owns 15,241,984 shares of the company’s stock worth $312,613,000 after purchasing an additional 621,793 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NCLH shares. Mizuho upped their price target on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Tigress Financial upped their price target on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a report on Monday, November 11th. UBS Group upped their price target on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Truist Financial upped their price target on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Citigroup raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price objective for the company from $20.00 to $30.00 in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Norwegian Cruise Line presently has an average rating of “Moderate Buy” and an average target price of $29.27.

Norwegian Cruise Line Price Performance

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

Insider Transactions at Norwegian Cruise Line

In other Norwegian Cruise Line news, CAO Faye L. Ashby sold 38,344 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $27.30, for a total value of $1,046,791.20. Following the transaction, the chief accounting officer now directly owns 116,270 shares of the company’s stock, valued at approximately $3,174,171. This trade represents a 24.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total transaction of $417,900.00. Following the transaction, the chief financial officer now directly owns 253,386 shares in the company, valued at $7,059,333.96. The trade was a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,344 shares of company stock worth $2,269,731 over the last three months. 0.52% of the stock is owned by company insiders.

Norwegian Cruise Line 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.