Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) CAO Faye L. Ashby sold 38,344 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 116,270 shares in the company, valued at $3,174,171. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Norwegian Cruise Line Stock Up 1.0 %
NCLH traded up $0.27 during midday trading on Friday, reaching $27.32. 10,557,476 shares of the company were exchanged, compared to its average volume of 11,744,758. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.70 and a one year high of $27.93. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The company's fifty day moving average price is $21.74 and its 200 day moving average price is $18.89. The company has a market cap of $12.01 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 0.29 and a beta of 2.67.
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 (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.05. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. Norwegian Cruise Line's revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.71 earnings per share. As a group, analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in shares of Norwegian Cruise Line during the 1st quarter worth approximately $27,000. Avior Wealth Management LLC increased its position in shares of Norwegian Cruise Line by 34.1% during the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company's stock valued at $35,000 after acquiring an additional 429 shares during the last quarter. Sentry Investment Management LLC bought a new stake in Norwegian Cruise Line during the second quarter worth $39,000. Blue Trust Inc. boosted its position in Norwegian Cruise Line by 489.8% in the third 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 last quarter. Finally, Huntington National Bank grew its stake in Norwegian Cruise Line by 173.1% in 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 period. 69.58% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts recently issued reports on NCLH shares. StockNews.com upgraded shares of Norwegian Cruise Line from a "sell" rating to a "hold" rating in a report on Thursday. Susquehanna boosted their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a "neutral" rating in a research note on Friday, August 2nd. The Goldman Sachs Group raised their target price on Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Barclays increased their price target on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Finally, Citigroup upgraded shares of Norwegian Cruise Line from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $20.00 to $30.00 in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $26.47.
Read Our Latest Research Report on Norwegian Cruise Line
About Norwegian Cruise Line
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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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