Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 4.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 43,865 shares of the company’s stock after selling 1,949 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Norwegian Cruise Line were worth $900,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Louisiana State Employees Retirement System lifted its holdings in Norwegian Cruise Line by 2.1% in the third quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock worth $509,000 after acquiring an additional 500 shares during the last quarter. NBC Securities Inc. raised its position in shares of Norwegian Cruise Line by 1.5% during the 3rd quarter. NBC Securities Inc. now owns 45,603 shares of the company’s stock worth $935,000 after purchasing an additional 678 shares during the period. Signaturefd LLC lifted its holdings in shares of Norwegian Cruise Line by 5.6% in the 2nd quarter. Signaturefd LLC now owns 13,365 shares of the company’s stock worth $251,000 after purchasing an additional 705 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Norwegian Cruise Line by 5.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 13,713 shares of the company’s stock valued at $258,000 after purchasing an additional 747 shares during the period. Finally, State of Michigan Retirement System grew its stake in Norwegian Cruise Line by 0.8% during the 2nd quarter. State of Michigan Retirement System now owns 117,479 shares of the company’s stock worth $2,207,000 after buying an additional 900 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group raised their target price on Norwegian Cruise Line from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Morgan Stanley lifted their price objective on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Mizuho upped their target price on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus increased their price objective on Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.60.

Insider Buying and Selling

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

Norwegian Cruise Line Price Performance

Shares of Norwegian Cruise Line stock opened at $26.42 on Friday. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.13 and a 52 week high of $28.11. 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 company’s 50-day moving average price is $22.73 and its two-hundred day moving average price is $19.17. The stock has a market cap of $11.62 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 0.28 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.94 by $0.05. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 earnings per share. As a group, sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current fiscal year.

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.