Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Position Trimmed by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund decreased its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,018 shares of the company’s stock after selling 820 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Norwegian Cruise Line were worth $267,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Norwegian Cruise Line by 0.7% during 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 grew its holdings 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 purchasing an additional 12,313,426 shares during 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 valued at $423,136,000 after purchasing an additional 102,948 shares during the last quarter. Baillie Gifford & Co. acquired a new position in Norwegian Cruise Line during the third quarter valued at approximately $179,146,000. Finally, Dimensional Fund Advisors LP grew 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 valued at $85,835,000 after purchasing an additional 1,129,770 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Insider Activity

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 stock was sold at an average price of $27.76, for a total value of $805,040.00. Following the transaction, the insider now owns 97,304 shares in the company, valued at approximately $2,701,159.04. This represents a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 253,386 shares in the company, valued at approximately $7,059,333.96. The trade was a 5.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,344 shares of company stock valued at $2,269,731. Company insiders own 0.52% of the company’s stock.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $26.34 on Wednesday. The stock has a fifty day moving average price of $23.07 and a 200-day moving average price of $19.34. The company has a market cap of $11.58 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 0.27 and a beta of 2.67. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.13 and a fifty-two week high of $28.11.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the company earned $0.71 EPS. Norwegian Cruise Line’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Mizuho increased their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price objective for the company from $20.00 to $30.00 in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price objective on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Tigress Financial raised their target price 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.60.

Norwegian Cruise Line Company 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.