Readystate Asset Management LP Reduces Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Readystate Asset Management LP decreased its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 52.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,922 shares of the company's stock after selling 97,531 shares during the quarter. Readystate Asset Management LP's holdings in Norwegian Cruise Line were worth $1,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in NCLH. Baillie Gifford & Co. bought a new stake in Norwegian Cruise Line in the 3rd quarter worth approximately $179,146,000. Columbus Hill Capital Management L.P. bought a new stake in Norwegian Cruise Line in the 2nd quarter worth approximately $23,479,000. Dimensional Fund Advisors LP increased its stake in Norwegian Cruise Line by 32.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company's stock worth $85,835,000 after acquiring an additional 1,129,770 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Norwegian Cruise Line in the 2nd quarter worth approximately $15,213,000. Finally, ING Groep NV boosted its holdings in shares of Norwegian Cruise Line by 1,340.3% in the 3rd quarter. ING Groep NV now owns 831,505 shares of the company's stock worth $17,054,000 after purchasing an additional 773,772 shares during the period. Institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Stock Up 0.6 %

NYSE NCLH traded up $0.16 on Thursday, reaching $27.84. 4,656,992 shares of the stock traded hands, compared to its average volume of 12,673,051. 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 has a fifty day moving average price of $24.63 and a 200-day moving average price of $20.17. The company has a market cap of $12.24 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 0.31 and a beta of 2.65. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.69 and a 12 month high of $28.64.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its 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 business had revenue of $2.81 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. As a group, research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NCLH shares. Barclays lifted their target price 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. Argus upgraded Norwegian Cruise Line from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Tigress Financial lifted their target price on Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a "strong-buy" rating in a report on Monday, November 11th. Truist Financial lifted their target price on Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a "buy" rating in a report on Monday. Finally, Macquarie lifted their target price on Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $28.27.

Insider Transactions at Norwegian Cruise Line

In related news, CFO Mark Kempa sold 15,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total transaction of $417,900.00. Following the transaction, the chief financial officer now directly owns 253,386 shares of the company's stock, valued at $7,059,333.96. This represents a 5.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Faye L. Ashby sold 38,344 shares of the business's stock in a transaction dated 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 sale, the chief accounting officer now owns 116,270 shares in the company, valued at approximately $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 three months, insiders sold 82,344 shares of company stock valued at $2,269,731. Corporate insiders own 0.52% of the company's stock.

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.