City Holding Co. Sells 5,960 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

City Holding Co. lessened its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 73.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,100 shares of the company’s stock after selling 5,960 shares during the period. City Holding Co.’s holdings in Norwegian Cruise Line were worth $43,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position 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 acquiring an additional 12,313,426 shares during the period. Columbus Hill Capital Management L.P. bought a new position in Norwegian Cruise Line in the 2nd quarter worth $23,479,000. Dimensional Fund Advisors LP lifted its position in Norwegian Cruise Line by 32.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after purchasing an additional 1,129,770 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in Norwegian Cruise Line during the second quarter valued at about $15,213,000. Finally, Hodges Capital Management Inc. increased its position in Norwegian Cruise Line by 33.0% in the second quarter. Hodges Capital Management Inc. now owns 1,521,440 shares of the company’s stock worth $28,588,000 after buying an additional 377,233 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Norwegian Cruise Line from $16.50 to $17.50 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. Bank of America increased their price objective on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Stifel Nicolaus lifted their target price on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. increased their price target on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Norwegian Cruise Line presently has an average rating of “Hold” and a consensus price target of $23.30.

Norwegian Cruise Line Trading Up 10.9 %

NCLH stock opened at $23.07 on Thursday. The firm has a market cap of $9.90 billion, a PE ratio of 32.96, a price-to-earnings-growth ratio of 0.30 and a beta of 2.71. The firm has a fifty day moving average price of $18.17 and a 200 day moving average price of $18.07. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.70 and a fifty-two week high of $23.13.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS. Sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.38 earnings per share for the current fiscal year.

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.