Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) CFO Mark Kempa Sells 15,000 Shares

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) CFO Mark Kempa sold 15,000 shares of Norwegian Cruise Line 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 sale, the chief financial officer now directly owns 253,386 shares of the company’s stock, valued at approximately $7,059,333.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Norwegian Cruise Line Price Performance

NCLH opened at $27.32 on Friday. 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 $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. The stock has a fifty day simple moving average of $21.74 and a two-hundred day simple moving average of $18.89. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $12.70 and a 12-month high of $27.93.

Norwegian Cruise Line (NYSE:NCLH) last announced 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 the consensus estimate of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. Research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Norwegian Cruise Line by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock worth $1,036,870,000 after buying an additional 324,287 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Norwegian Cruise Line by 120.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after acquiring an additional 12,313,426 shares during the period. Capital International Investors raised its holdings in shares of Norwegian Cruise Line by 0.5% during the first quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock valued at $423,136,000 after purchasing an additional 102,948 shares during the last quarter. Baillie Gifford & Co. bought a new position in Norwegian Cruise Line during the third quarter valued at approximately $179,146,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Norwegian Cruise Line by 32.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after purchasing an additional 1,129,770 shares during the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NCLH. JPMorgan Chase & Co. lifted their price target 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. Truist Financial lifted their target price on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Mizuho increased their price target on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Bank of America upped their target price on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Finally, Wells Fargo & Company raised their price target on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $26.47.

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.