Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Holdings Lowered by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 0.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,785,726 shares of the company’s stock after selling 1,934 shares during the period. Victory Capital Management Inc.’s holdings in Norwegian Cruise Line were worth $36,625,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Norwegian Cruise Line by 0.7% in the first quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock worth $1,036,870,000 after purchasing an additional 324,287 shares during the period. Price T Rowe Associates Inc. MD boosted its stake 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 buying an additional 12,313,426 shares in the last quarter. Capital International Investors grew its holdings in Norwegian Cruise Line by 0.5% during the first quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock worth $423,136,000 after acquiring an additional 102,948 shares during the period. Baillie Gifford & Co. bought a new stake in Norwegian Cruise Line in the third quarter worth about $179,146,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Norwegian Cruise Line by 32.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after acquiring an additional 1,129,770 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Down 1.0 %

Norwegian Cruise Line stock opened at $26.42 on Friday. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.13 and a twelve month high of $28.11. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The firm has a market cap of $11.62 billion, a PE ratio of 24.24, a P/E/G ratio of 0.28 and a beta of 2.67. The firm’s 50 day moving average price is $22.73 and its two-hundred day moving average price is $19.17.

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 analysts’ consensus estimates of $0.94 by $0.05. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. Norwegian Cruise Line’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. On average, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current fiscal year.

Insider Transactions at Norwegian Cruise Line

In other Norwegian Cruise Line news, CAO Faye L. Ashby sold 38,344 shares of the 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 transaction, the chief accounting officer now directly owns 116,270 shares of the company’s stock, valued at $3,174,171. This represents a 24.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Mark Kempa sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total value of $417,900.00. Following the completion of the sale, the chief financial officer now directly owns 253,386 shares of the company’s stock, valued at $7,059,333.96. This represents a 5.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,344 shares of company stock valued at $2,269,731 in the last three months. Corporate insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on NCLH. Macquarie boosted their target price on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Tigress Financial increased their price objective on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a research report on Monday, November 11th. Morgan Stanley lifted their target price on Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. The Goldman Sachs Group boosted their target price on 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, Truist Financial increased their price target on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Norwegian Cruise Line currently has an average rating of “Hold” and a consensus price target of $27.60.

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.