Quantinno Capital Management LP Decreases Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Quantinno Capital Management LP reduced its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 63.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,821 shares of the company's stock after selling 80,139 shares during the quarter. Quantinno Capital Management LP's holdings in Norwegian Cruise Line were worth $940,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Norwegian Cruise Line by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company's stock valued at $71,791,000 after purchasing an additional 94,178 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Norwegian Cruise Line in the third quarter worth $615,000. Principal Financial Group Inc. boosted its holdings in Norwegian Cruise Line by 6.2% during the third quarter. Principal Financial Group Inc. now owns 514,087 shares of the company's stock worth $10,544,000 after purchasing an additional 30,182 shares during the last quarter. Mackenzie Financial Corp increased its stake in Norwegian Cruise Line by 26.7% in the 2nd quarter. Mackenzie Financial Corp now owns 1,008,327 shares of the company's stock valued at $18,946,000 after buying an additional 212,787 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in Norwegian Cruise Line by 7.0% during the 3rd quarter. New York State Common Retirement Fund now owns 905,441 shares of the company's stock worth $18,571,000 after buying an additional 59,375 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Stock Down 0.0 %

NYSE NCLH traded down $0.01 on Friday, hitting $26.80. 7,171,363 shares of the company were exchanged, compared to its average volume of 12,613,463. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.69 and a 12 month 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 market cap of $11.78 billion, a PE ratio of 24.59, a PEG ratio of 0.31 and a beta of 2.65. The stock has a fifty day moving average of $25.56 and a 200-day moving average of $20.69.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.94 by $0.05. The company 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%. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the business posted $0.71 EPS. As a group, analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on NCLH shares. JPMorgan Chase & Co. lifted their target price on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. StockNews.com upgraded Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Macquarie upped their target price on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Barclays raised shares of Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $28.00 to $32.00 in a research report on Friday. Finally, Mizuho lifted their price target on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $28.93.

Insider Transactions at Norwegian Cruise Line

In related news, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line 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 transaction, the chief accounting officer now owns 116,270 shares of the company's stock, valued at $3,174,171. The trade was a 24.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Andrea Demarco sold 29,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total value of $805,040.00. Following the transaction, the insider now owns 97,304 shares in the company, valued at approximately $2,701,159.04. This trade represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,344 shares of company stock valued at $2,269,731 over the last ninety days. 0.52% of the stock is owned by company insiders.

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.