Fmr LLC Reduces Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

FMR LLC reduced its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 62.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 127,697 shares of the company's stock after selling 214,369 shares during the period. FMR LLC's holdings in Norwegian Cruise Line were worth $2,619,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Avior Wealth Management LLC raised its holdings in Norwegian Cruise Line by 34.1% during the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company's stock worth $35,000 after purchasing an additional 429 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in Norwegian Cruise Line in the second quarter valued at $39,000. Blue Trust Inc. increased its position in shares of Norwegian Cruise Line by 489.8% in the third quarter. Blue Trust Inc. now owns 2,188 shares of the company's stock valued at $41,000 after buying an additional 1,817 shares in the last quarter. Huntington National Bank raised its stake 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 worth $72,000 after buying an additional 2,221 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Norwegian Cruise Line during the 3rd quarter worth $78,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NCLH has been the subject of several recent research reports. Morgan Stanley raised their target price on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the company an "underweight" rating in a report on Tuesday, November 12th. UBS Group increased their price target on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. The Goldman Sachs Group upgraded Norwegian Cruise Line from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $29.00 to $35.00 in a research report on Tuesday, December 10th. Bank of America increased 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. Finally, StockNews.com raised Norwegian Cruise Line from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $28.93.

Norwegian Cruise Line Trading Down 0.0 %

Shares of NYSE NCLH traded down $0.01 on Friday, reaching $26.80. 7,171,363 shares of the company traded hands, compared to its average volume of 12,613,463. The stock has a market capitalization of $11.78 billion, a PE ratio of 24.59, a P/E/G ratio of 0.31 and a beta of 2.65. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.69 and a fifty-two week high of $28.64. 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 company has a 50 day moving average of $25.56 and a 200 day moving average of $20.72.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.94 by $0.05. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. Norwegian Cruise Line's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 earnings per share. On average, equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Mark Kempa sold 15,000 shares of Norwegian Cruise Line stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total transaction of $417,900.00. Following the transaction, the chief financial officer now owns 253,386 shares in the company, valued at approximately $7,059,333.96. The trade was a 5.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Faye L. Ashby sold 38,344 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $27.30, for a total transaction 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 approximately $3,174,171. This trade represents a 24.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is currently owned by company insiders.

About Norwegian Cruise Line

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.