Insider Selling: Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Insider Sells 29,000 Shares of Stock

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) insider Andrea Demarco sold 29,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total transaction of $805,040.00. Following the completion of the sale, the insider now owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Norwegian Cruise Line Stock Up 1.0 %

Norwegian Cruise Line stock opened at $27.32 on Friday. The firm’s 50 day moving average price is $21.74 and its two-hundred day moving average price is $18.89. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $12.70 and a twelve month high of $27.93. The firm has a market cap of $12.01 billion, a PE ratio of 25.06, a P/E/G ratio of 0.29 and a beta of 2.67. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period last year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NCLH. Avior Wealth Management LLC lifted its position in shares of Norwegian Cruise Line by 34.1% in the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after purchasing an additional 429 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Norwegian Cruise Line by 2.1% during the third quarter. PNC Financial Services Group Inc. now owns 98,802 shares of the company’s stock worth $2,026,000 after purchasing an additional 2,063 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Norwegian Cruise Line by 1.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock valued at $944,000 after purchasing an additional 509 shares in the last quarter. Mount Lucas Management LP boosted its stake in shares of Norwegian Cruise Line by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 22,055 shares of the company’s stock valued at $452,000 after purchasing an additional 516 shares in the last quarter. Finally, Natixis Advisors LLC raised its holdings in Norwegian Cruise Line by 152.8% during the 3rd quarter. Natixis Advisors LLC now owns 125,195 shares of the company’s stock worth $2,568,000 after purchasing an additional 75,678 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barclays lifted their target price on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. 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. JPMorgan Chase & Co. boosted their price objective on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Bank of America boosted their price objective on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Finally, StockNews.com upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Norwegian Cruise Line presently has an average rating of “Hold” and a consensus target price 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.