Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 36.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,962 shares of the company's stock after selling 52,624 shares during the quarter. Amalgamated Bank's holdings in Norwegian Cruise Line were worth $1,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its stake in shares of Norwegian Cruise Line by 2.1% during the third quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company's stock worth $509,000 after acquiring an additional 500 shares during the last quarter. NBC Securities Inc. increased its stake in Norwegian Cruise Line by 1.5% during the 3rd quarter. NBC Securities Inc. now owns 45,603 shares of the company's stock valued at $935,000 after purchasing an additional 678 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Norwegian Cruise Line by 5.6% in the second quarter. Signaturefd LLC now owns 13,365 shares of the company's stock worth $251,000 after buying an additional 705 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Norwegian Cruise Line by 5.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 13,713 shares of the company's stock valued at $258,000 after buying an additional 747 shares during the last quarter. Finally, State of Michigan Retirement System increased its position in shares of Norwegian Cruise Line by 0.8% in the 2nd quarter. State of Michigan Retirement System now owns 117,479 shares of the company's stock valued at $2,207,000 after acquiring an additional 900 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Norwegian Cruise Line

In other Norwegian Cruise Line news, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $27.30, for a total value of $1,046,791.20. Following the completion of the transaction, the chief accounting officer now directly owns 116,270 shares of the company's stock, valued at $3,174,171. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Mark Kempa sold 15,000 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 253,386 shares of the company's stock, valued at $7,059,333.96. This 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 hyperlink. Also, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $27.30, for a total value of $1,046,791.20. Following the sale, the chief accounting officer now directly owns 116,270 shares of the company's stock, valued at $3,174,171. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,344 shares of company stock worth $2,269,731. 0.52% of the stock is currently owned by insiders.

Norwegian Cruise Line Price Performance

NCLH traded down $0.57 during midday trading on Wednesday, hitting $27.30. 10,422,063 shares of the company traded hands, compared to its average volume of 12,869,985. The business has a 50 day simple moving average of $22.15 and a two-hundred day simple moving average of $19.01. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $13.66 and a 52-week high of $28.11. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 0.29 and a beta of 2.67. 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 (NYSE:NCLH - Get Free Report) last posted its quarterly earnings results 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. 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 net margin of 5.87% and a return on equity of 99.31%. The company's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the firm posted $0.71 earnings per share. On average, equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NCLH. Macquarie increased their price objective on Norwegian Cruise Line from $24.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Morgan Stanley increased their price target on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an "underweight" rating in a report on Tuesday. Wells Fargo & Company lifted their price objective on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Monday, September 16th. Finally, Tigress Financial raised their target price on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a "strong-buy" rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average 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.