Wealth Management Partners LLC Reduces Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Wealth Management Partners LLC decreased its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 27.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,100 shares of the company’s stock after selling 4,100 shares during the quarter. Wealth Management Partners LLC’s holdings in Norwegian Cruise Line were worth $232,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Norwegian Cruise Line by 58.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock valued at $62,240,000 after acquiring an additional 1,141,086 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Norwegian Cruise Line in the 1st quarter valued at approximately $87,000. WealthPlan Investment Management LLC purchased a new position in shares of Norwegian Cruise Line in the 3rd quarter worth approximately $1,824,000. Deutsche Bank AG raised its holdings in Norwegian Cruise Line by 44.3% during the 3rd quarter. Deutsche Bank AG now owns 879,293 shares of the company’s stock valued at $14,491,000 after buying an additional 269,849 shares during the period. Finally, Boulder Hill Capital Management LP bought a new stake in Norwegian Cruise Line in the fourth quarter worth $2,447,000. 69.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NCLH has been the topic of a number of analyst reports. UBS Group upped their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Susquehanna cut their price objective on Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Wells Fargo & Company lifted their target price on Norwegian Cruise Line from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. Mizuho upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price target for the stock from $21.00 to $24.00 in a report on Tuesday, May 28th. Finally, Morgan Stanley boosted their price objective on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Norwegian Cruise Line currently has an average rating of “Hold” and a consensus target price of $21.79.

Insider Transactions at Norwegian Cruise Line

In other news, Director Zillah Byng-Thorne acquired 13,360 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was acquired at an average cost of $16.50 per share, with a total value of $220,440.00. Following the transaction, the director now owns 13,360 shares in the company, valued at $220,440. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.87% of the company’s stock.

Norwegian Cruise Line Trading Up 4.5 %

NYSE:NCLH traded up $0.79 on Tuesday, reaching $18.19. The company’s stock had a trading volume of 6,329,053 shares, compared to its average volume of 13,059,517. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 0.28 and a beta of 2.62. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 33.16. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $12.70 and a 12-month high of $22.75. The stock has a 50 day moving average price of $17.13 and a 200 day moving average price of $18.09.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.24 billion. On average, equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.17 EPS for the current fiscal year.

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.