Mark Kempa Sells 15,000 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Stock

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) CFO Mark Kempa sold 15,000 shares of Norwegian Cruise Line stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total value of $417,900.00. Following the transaction, the chief financial officer now owns 253,386 shares in the company, valued at $7,059,333.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Norwegian Cruise Line Trading Up 1.0 %

NCLH opened at $27.32 on Friday. The stock has a 50-day moving average of $21.74 and a 200 day moving average of $18.89. 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 12 month low of $12.70 and a 12 month high of $27.93. The firm has a market cap of $12.01 billion, a P/E ratio of 25.06, a P/E/G ratio of 0.29 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 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.05. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. As a group, research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

Institutional investors have 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 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after purchasing an additional 12,313,426 shares during the period. Baillie Gifford & Co. bought a new stake in shares of Norwegian Cruise Line during the 3rd quarter worth approximately $179,146,000. Columbus Hill Capital Management L.P. purchased a new position in Norwegian Cruise Line during the 2nd quarter valued at $23,479,000. Dimensional Fund Advisors LP grew its position 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. Finally, Jupiter Asset Management Ltd. purchased a new stake in Norwegian Cruise Line in the second quarter worth $15,213,000. Institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NCLH. StockNews.com upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday. The Goldman Sachs Group boosted their price objective on Norwegian Cruise Line from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Macquarie increased their price objective on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company boosted their target price on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Norwegian Cruise Line currently has an average rating of “Hold” and an average target price of $26.47.

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.