Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Insider Sells $805,040.00 in Stock

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) insider Andrea Demarco sold 29,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total transaction of $805,040.00. Following the completion of the transaction, the insider now directly owns 97,304 shares in the company, valued at approximately $2,701,159.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock traded up $0.27 during midday trading on Friday, reaching $27.32. 10,557,476 shares of the stock traded hands, compared to its average volume of 11,744,758. The stock has a market cap of $12.01 billion, a P/E ratio of 25.06, a PEG ratio of 0.29 and a beta of 2.67. The stock's fifty day moving average is $21.74 and its 200-day moving average is $18.89. The company has a quick ratio of 0.17, a current ratio of 0.20 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.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating analysts' consensus estimates 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 firm 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. The company's quarterly revenue was up 10.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current year.

Institutional Trading of Norwegian Cruise Line

A number of large investors have recently made changes to their positions in NCLH. Transcendent Capital Group LLC bought a new position in shares of Norwegian Cruise Line in the 1st quarter valued at about $27,000. Avior Wealth Management LLC lifted its stake in shares of Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company's stock valued at $35,000 after purchasing an additional 429 shares during the last quarter. Sentry Investment Management LLC purchased a new position in shares of Norwegian Cruise Line in the 2nd quarter worth approximately $39,000. Blue Trust Inc. boosted its holdings in shares of Norwegian Cruise Line by 489.8% in the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company's stock worth $41,000 after purchasing an additional 1,817 shares during the period. Finally, Huntington National Bank increased its position in shares of Norwegian Cruise Line by 173.1% during the 3rd quarter. Huntington National Bank now owns 3,504 shares of the company's stock valued at $72,000 after purchasing an additional 2,221 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NCLH. Wells Fargo & Company upped their price objective on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. Truist Financial raised their price objective on Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. Morgan Stanley boosted their price objective on Norwegian Cruise Line from $17.50 to $19.00 and gave the company an "underweight" rating in a research note on Wednesday, October 30th. UBS Group raised their target price on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price target on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Norwegian Cruise Line has an average rating of "Hold" and a consensus target price of $26.47.

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.