Insider Selling: Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) CFO Sells 15,000 Shares of Stock

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) CFO Mark Kempa sold 15,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total value of $417,900.00. Following the completion of the transaction, the chief financial officer now directly owns 253,386 shares in the company, valued at $7,059,333.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Norwegian Cruise Line Stock Up 1.0 %

NCLH traded up $0.27 during trading hours on Friday, reaching $27.32. 10,557,476 shares of the stock traded hands, compared to its average volume of 11,744,758. The firm's fifty day simple moving average is $21.74 and its two-hundred day simple moving average is $18.89. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.70 and a fifty-two week high of $27.93. The company has a market cap of $12.01 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 0.29 and a beta of 2.67. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17.

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, topping the consensus estimate of $0.94 by $0.05. The firm had revenue of $2.81 billion during 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%. Norwegian Cruise Line's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 EPS. As a group, analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NCLH has been the subject of several research reports. Barclays boosted their price objective on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Argus upgraded shares of Norwegian Cruise Line from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Truist Financial boosted their price target 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. Stifel Nicolaus upped their target price on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a "buy" rating in a research report on Friday, October 4th. Finally, Morgan Stanley upped their price objective on shares of Norwegian Cruise Line from $17.50 to $19.00 and gave the company an "underweight" rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.47.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NCLH. Avior Wealth Management LLC lifted its holdings in Norwegian Cruise Line by 34.1% in the 3rd 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. Louisiana State Employees Retirement System lifted its holdings in shares of Norwegian Cruise Line by 2.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company's stock worth $509,000 after acquiring an additional 500 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Norwegian Cruise Line by 1.1% during the third quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company's stock valued at $944,000 after purchasing an additional 509 shares in the last quarter. Mount Lucas Management LP raised its stake in Norwegian Cruise Line by 2.4% during the third quarter. Mount Lucas Management LP now owns 22,055 shares of the company's stock worth $452,000 after acquiring an additional 516 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Norwegian Cruise Line by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company's stock worth $918,000 after purchasing an additional 521 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

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.