Cibc World Market Inc. Sells 425,988 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Cibc World Market Inc. lowered its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 33.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 838,600 shares of the company's stock after selling 425,988 shares during the period. Cibc World Market Inc. owned approximately 0.19% of Norwegian Cruise Line worth $21,577,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Baillie Gifford & Co. acquired a new stake in Norwegian Cruise Line in the 3rd quarter worth approximately $179,146,000. Two Sigma Advisers LP lifted its stake in shares of Norwegian Cruise Line by 864.9% in the third quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company's stock worth $79,263,000 after buying an additional 3,464,100 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Norwegian Cruise Line during the 4th quarter worth $43,956,000. ING Groep NV grew its stake in Norwegian Cruise Line by 1,340.3% in the 3rd quarter. ING Groep NV now owns 831,505 shares of the company's stock valued at $17,054,000 after buying an additional 773,772 shares during the last quarter. Finally, State Street Corp raised its holdings in Norwegian Cruise Line by 4.3% in the 3rd quarter. State Street Corp now owns 15,241,984 shares of the company's stock worth $312,613,000 after acquiring an additional 621,793 shares during the period. Institutional investors own 69.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NCLH shares. Citigroup upgraded shares of Norwegian Cruise Line from a "neutral" rating to a "buy" rating and upped their price target for the company from $20.00 to $30.00 in a report on Wednesday, October 9th. Bank of America raised their target price on Norwegian Cruise Line from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. Argus upgraded Norwegian Cruise Line from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Mizuho raised their price objective on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $29.27.

Norwegian Cruise Line Stock Down 2.6 %

NYSE NCLH opened at $28.32 on Friday. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $29.29. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The stock's 50 day moving average is $26.58 and its two-hundred day moving average is $22.70. The company has a market capitalization of $12.45 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 0.26 and a beta of 2.64.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.05. The firm had revenue of $2.81 billion for the quarter, compared to analysts' expectations of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The business's revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. Equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.5 earnings per share for the current fiscal year.

Insider Activity

In other Norwegian Cruise Line news, CFO Mark Kempa sold 15,000 shares of the business's 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 approximately $7,059,333.96. The trade was a 5.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Faye L. Ashby sold 38,344 shares of the stock in a transaction on 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 owns 116,270 shares in the company, valued at $3,174,171. The trade was a 24.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,344 shares of company stock worth $2,269,731. Corporate insiders own 0.52% of the company's stock.

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.

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