Oppenheimer & Co. Inc. Has $383,000 Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Oppenheimer & Co. Inc. lessened its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 11.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,674 shares of the company’s stock after selling 2,395 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Norwegian Cruise Line were worth $383,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 worth $470,889,000 after buying an additional 12,313,426 shares in the last quarter. Baillie Gifford & Co. acquired a new stake in shares of Norwegian Cruise Line in the third quarter valued at approximately $179,146,000. Columbus Hill Capital Management L.P. bought a new stake in shares of Norwegian Cruise Line in the second quarter worth $23,479,000. Dimensional Fund Advisors LP boosted its holdings 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 worth $85,835,000 after purchasing an additional 1,129,770 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in Norwegian Cruise Line in the second quarter valued at $15,213,000. Institutional investors own 69.58% of the company’s stock.

Insiders Place Their Bets

In other Norwegian Cruise Line news, insider Andrea Demarco sold 29,000 shares of the stock in a transaction that occurred on 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. This represents a 22.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total transaction of $417,900.00. Following the completion of the transaction, the chief financial officer now owns 253,386 shares in the company, valued at $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 valued at $2,269,731 in the last ninety days. 0.52% of the stock is currently owned by insiders.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $26.74 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.14 and a 1-year high of $28.11. The stock has a market cap of $11.76 billion, a P/E ratio of 24.53, a PEG ratio of 0.27 and a beta of 2.67. The stock has a 50 day simple moving average of $23.37 and a 200 day simple moving average of $19.43.

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Citigroup upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their target price for the stock from $20.00 to $30.00 in a report on Wednesday, October 9th. Tigress Financial boosted their price target on Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 11th. Bank of America increased their price objective on Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. boosted their target price 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.60.

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.