99,900 Norwegian Cruise Line Holdings Ltd. $NCLH Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al cut its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 76.8% during the third quarter, Holdings Channel reports. The firm owned 30,100 shares of the company’s stock after selling 99,900 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Norwegian Cruise Line were worth $441,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Elliott Investment Management L.P. purchased a new position in shares of Norwegian Cruise Line in the first quarter valued at approximately $246,578,000. Dimensional Fund Advisors LP grew its holdings in shares of 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 valued at $135,776,000 after purchasing an additional 518,790 shares in the last quarter. Hound Partners LLC grew its holdings in shares of Norwegian Cruise Line by 50.0% in the first quarter. Hound Partners LLC now owns 5,713,090 shares of the company’s stock valued at $106,835,000 after purchasing an additional 1,905,203 shares in the last quarter. California Public Employees Retirement System increased its stake in Norwegian Cruise Line by 358.8% during the 1st quarter. California Public Employees Retirement System now owns 3,675,830 shares of the company’s stock worth $68,738,000 after buying an additional 2,874,730 shares during the period. Finally, Bank of America Corp DE increased its stake 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 buying an additional 971,809 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

Shares of NCLH opened at $17.95 on Friday. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $13.63 and a 1 year high of $25.13. The stock has a market capitalization of $8.24 billion, a PE ratio of 9.91, a PEG ratio of 0.94 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. The stock 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 earnings results on Thursday, October 29th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.19. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.88 billion. Norwegian Cruise Line had a net margin of 8.20% and a return on equity of 34.28%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share. On average, analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Norwegian Cruise Line from a “strong sell” rating to a “hold” rating in a report on Friday, October 16th. Stifel Nicolaus decreased their price target on shares of Norwegian Cruise Line from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Susquehanna dropped their price target on shares of Norwegian Cruise Line from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, October 20th. Jefferies Financial Group upped 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. Finally, Mizuho lowered Norwegian Cruise Line from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $22.00 to $17.00 in a research report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Norwegian Cruise Line has an average rating of “Hold” and a consensus price target of $20.18.

About Norwegian Cruise Line

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.