SG Americas Securities LLC Sells 103,949 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

SG Americas Securities LLC trimmed its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 74.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,340 shares of the company's stock after selling 103,949 shares during the period. SG Americas Securities LLC's holdings in Norwegian Cruise Line were worth $935,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. acquired a new position in Norwegian Cruise Line during the third quarter worth $179,146,000. Two Sigma Advisers LP boosted its stake in shares of Norwegian Cruise Line by 864.9% during the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company's stock worth $79,263,000 after buying an additional 3,464,100 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Norwegian Cruise Line in the 4th quarter valued at about $43,956,000. ING Groep NV increased its position in shares of Norwegian Cruise Line by 1,340.3% in the third quarter. ING Groep NV now owns 831,505 shares of the company's stock valued at $17,054,000 after acquiring an additional 773,772 shares during the last quarter. Finally, State Street Corp raised its holdings in Norwegian Cruise Line by 4.3% during the third quarter. State Street Corp now owns 15,241,984 shares of the company's stock worth $312,613,000 after acquiring an additional 621,793 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

Insider Activity at Norwegian Cruise Line

In other news, insider Andrea Demarco sold 29,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total transaction of $805,040.00. Following the sale, the insider now directly owns 97,304 shares in the company, valued at approximately $2,701,159.04. The trade was a 22.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Faye L. Ashby sold 38,344 shares of the firm'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 transaction of $1,046,791.20. Following the completion of the transaction, the chief accounting officer now owns 116,270 shares of the company's stock, valued at approximately $3,174,171. This trade represents a 24.80 % decrease in their position. 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 three months. 0.52% of the stock is owned by insiders.

Norwegian Cruise Line Price Performance

Shares of NCLH traded down $0.75 during trading hours on Friday, hitting $28.32. 7,057,183 shares of the company were exchanged, compared to its average volume of 7,870,412. The company has a quick ratio of 0.17, a current ratio of 0.20 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 $29.29. The company has a market cap of $12.45 billion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 0.26 and a beta of 2.64. The firm's fifty day moving average is $26.61 and its 200 day moving average is $22.76.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released 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. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period last year, the firm earned $0.71 EPS. The business's quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NCLH shares. Wells Fargo & Company raised their price target on Norwegian Cruise Line from $21.00 to $27.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the company a "hold" rating in a research note on Friday, November 1st. Tigress Financial upped their price target on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a "strong-buy" rating in a research report on Monday, November 11th. Stifel Nicolaus lifted their price objective on shares of 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, UBS Group boosted their price objective on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Norwegian Cruise Line presently has an average rating of "Moderate Buy" and an average target price of $29.27.

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.