Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. reduced its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 28.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,144,207 shares of the company’s stock after selling 461,049 shares during the period. Norwegian Cruise Line accounts for about 1.5% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 15th largest position. Hodges Capital Management Inc. owned about 0.27% of Norwegian Cruise Line worth $23,948,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. 1832 Asset Management L.P. purchased a new position in Norwegian Cruise Line in the fourth quarter valued at approximately $44,000. Mendota Financial Group LLC purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $66,000. Rakuten Securities Inc. purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $82,000. GAMMA Investing LLC purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $86,000. Finally, Mather Group LLC. purchased a new stake in shares of Norwegian Cruise Line during the first quarter valued at approximately $87,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Insiders Place Their Bets

In other news, Director Zillah Byng-Thorne purchased 13,360 shares of Norwegian Cruise Line stock in a transaction dated Friday, May 31st. The stock was bought at an average price of $16.50 per share, with a total value of $220,440.00. Following the completion of the acquisition, the director now owns 13,360 shares in the company, valued at approximately $220,440. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Morgan Stanley lifted 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 note on Tuesday, March 5th. UBS Group lifted their price objective on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. The Goldman Sachs Group lifted their price objective on shares of Norwegian Cruise Line from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Susquehanna dropped their price target on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Finally, Stifel Nicolaus lifted their price target on shares of Norwegian Cruise Line from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.79.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock traded up $0.15 during mid-day trading on Friday, reaching $18.79. The company’s stock had a trading volume of 21,044,286 shares, compared to its average volume of 11,524,890. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 0.31 and a beta of 2.62. The business has a 50 day moving average price of $17.18 and a 200-day moving average price of $18.09. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 33.16. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $12.70 and a twelve month high of $22.75.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.24 billion. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. 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.