International Assets Investment Management LLC Sells 426,026 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

International Assets Investment Management LLC reduced its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 97.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,201 shares of the company's stock after selling 426,026 shares during the quarter. International Assets Investment Management LLC's holdings in Norwegian Cruise Line were worth $264,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NCLH. Zacks Investment Management acquired a new stake in Norwegian Cruise Line during the third quarter worth about $3,821,000. Hodges Capital Management Inc. raised its position in shares of Norwegian Cruise Line by 1.5% during the 3rd quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company's stock worth $31,678,000 after purchasing an additional 23,075 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Norwegian Cruise Line by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company's stock worth $71,791,000 after purchasing an additional 94,178 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in shares of Norwegian Cruise Line by 1,104.7% during the third quarter. Y Intercept Hong Kong Ltd now owns 178,603 shares of the company's stock valued at $3,663,000 after acquiring an additional 163,777 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of Norwegian Cruise Line during the third quarter worth about $615,000. Institutional investors and hedge funds own 69.58% of the company's stock.

Norwegian Cruise Line Trading Down 0.7 %

Shares of NCLH traded down $0.18 during midday trading on Monday, hitting $25.61. The stock had a trading volume of 7,128,779 shares, compared to its average volume of 8,374,978. The business has a 50-day simple moving average of $26.55 and a two-hundred day simple moving average of $21.96. The firm has a market cap of $11.26 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 0.30 and a beta of 2.64. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.69 and a fifty-two week high of $28.64.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations 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 quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. As a group, equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current year.

Insider Activity at Norwegian Cruise Line

In other Norwegian Cruise Line news, CAO Faye L. Ashby sold 38,344 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $27.30, for a total value of $1,046,791.20. Following the transaction, the chief accounting officer now owns 116,270 shares in the company, valued at approximately $3,174,171. This represents a 24.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark Kempa sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total transaction of $417,900.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,344 shares of company stock valued at $2,269,731. Company insiders own 0.52% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NCLH shares. The Goldman Sachs Group upgraded Norwegian Cruise Line from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $29.00 to $35.00 in a research report on Tuesday, December 10th. Truist Financial boosted their price target on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Tigress Financial increased their price objective on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the company a "strong-buy" rating in a report on Monday, November 11th. Bank of America boosted their target price on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. Finally, Argus upgraded Norwegian Cruise Line from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Norwegian Cruise Line currently has an average rating of "Moderate Buy" and an average price target of $29.27.

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.