35,875 Norwegian Cruise Line Holdings Ltd. $NCLH Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 78.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,584 shares of the company’s stock after selling 35,875 shares during the period. International Assets Investment Management LLC’s holdings in Norwegian Cruise Line were worth $141,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of NCLH. Elliott Investment Management L.P. bought a new stake in shares of Norwegian Cruise Line during the 1st quarter worth about $246,578,000. Dimensional Fund Advisors LP raised its position in Norwegian Cruise Line by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 7,262,590 shares of the company’s stock worth $135,776,000 after purchasing an additional 518,790 shares in the last quarter. Hound Partners LLC lifted its position in shares of Norwegian Cruise Line by 50.0% during the 1st quarter. Hound Partners LLC now owns 5,713,090 shares of the company’s stock worth $106,835,000 after buying an additional 1,905,203 shares during the period. California Public Employees Retirement System raised its stake in shares of Norwegian Cruise Line by 358.8% in the first quarter. California Public Employees Retirement System now owns 3,675,830 shares of the company’s stock valued at $68,738,000 after acquiring an additional 2,874,730 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Norwegian Cruise Line by 61.0% during the 1st quarter. Bank of America Corp DE now owns 2,566,087 shares of the company’s stock worth $47,986,000 after acquiring an additional 971,809 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NCLH shares. Zacks Research raised shares of Norwegian Cruise Line from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. Jefferies Financial Group lifted their price objective on Norwegian Cruise Line from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Friday, July 17th. Bank of America reiterated a “neutral” rating on shares of Norwegian Cruise Line in a research note on Friday, July 31st. Mizuho lowered Norwegian Cruise Line from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $22.00 to $17.00 in a report on Tuesday, August 18th. Finally, Freedom Capital downgraded shares of Norwegian Cruise Line from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.18.

Norwegian Cruise Line Stock Performance

NCLH stock traded up $0.18 during trading on Friday, reaching $17.95. The company had a trading volume of 16,480,263 shares, compared to its average volume of 21,939,300. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 1.04 and a beta of 1.99. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.19 and a current ratio of 0.22. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $13.63 and a twelve month high of $25.13. The firm has a 50-day simple moving average of $15.48 and a 200-day simple moving average of $18.64.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.19. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.88 billion. Norwegian Cruise Line had a return on equity of 34.28% and a net margin of 8.20%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the business posted $1.20 EPS. As a group, sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.49 earnings per share for the current year.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. is a global cruise company headquartered in Miami, Florida. Through its operating brands—Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises—the company provides cruise vacations to destinations worldwide, including Europe, the Caribbean, Alaska, Asia, South America, Australia and New Zealand.

Norwegian Cruise Line offers contemporary cruises with flexible dining, entertainment and onboard activities. Oceania Cruises focuses on destination-oriented, upscale travel and culinary experiences, while Regent Seven Seas Cruises provides an all-inclusive luxury cruise experience.