Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund lessened its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 7.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,039 shares of the company’s stock after selling 1,117 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Norwegian Cruise Line were worth $294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Norwegian Cruise Line by 120.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock valued at $470,889,000 after buying an additional 12,313,426 shares during the period. Quadrature Capital Ltd purchased a new position in Norwegian Cruise Line during the first quarter worth approximately $1,033,000. Capital International Investors boosted its position in Norwegian Cruise Line by 0.5% during the first quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock worth $423,136,000 after purchasing an additional 102,948 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new position in Norwegian Cruise Line during the first quarter worth approximately $393,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in Norwegian Cruise Line by 50.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 141,429 shares of the company’s stock worth $2,961,000 after purchasing an additional 47,613 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group increased their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Bank of America increased their price target on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft increased their price target on Norwegian Cruise Line from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, May 21st. Mizuho upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their target price for the company from $21.00 to $24.00 in a research report on Tuesday, May 28th. Finally, Truist Financial upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating and raised their target price for the company from $20.00 to $21.00 in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $21.88.

Insider Activity

In other news, Director Zillah Byng-Thorne acquired 13,360 shares of the company’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 completion of the purchase, the director now owns 13,360 shares of the company’s stock, valued at approximately $220,440. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.87% of the company’s stock.

Norwegian Cruise Line Trading Down 0.4 %

NCLH stock traded down $0.07 during midday trading on Monday, hitting $18.40. 4,307,950 shares of the company’s stock were exchanged, compared to its average volume of 12,762,563. The business has a 50-day simple moving average of $17.90 and a two-hundred day simple moving average of $18.00. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 33.16. The stock has a market capitalization of $7.89 billion, a PE ratio of 26.39, a P/E/G ratio of 0.30 and a beta of 2.69. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $12.70 and a 1-year high of $22.12.

Norwegian Cruise Line (NYSE:NCLH) last posted its earnings results on Wednesday, May 1st. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.24 billion. On average, sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.17 EPS for the current fiscal year.

Norwegian Cruise Line 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.