Sloy Dahl & Holst LLC Reduces Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Sloy Dahl & Holst LLC decreased its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 19.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,200 shares of the company’s stock after selling 10,000 shares during the period. Sloy Dahl & Holst LLC’s holdings in Norwegian Cruise Line were worth $841,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 1832 Asset Management L.P. bought a new position in Norwegian Cruise Line in the fourth quarter worth approximately $44,000. Mendota Financial Group LLC purchased a new position in shares of Norwegian Cruise Line during the fourth quarter valued at $66,000. Rakuten Securities Inc. bought a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $82,000. GAMMA Investing LLC purchased a new stake in Norwegian Cruise Line in the fourth quarter worth about $86,000. Finally, Mather Group LLC. bought a new position in Norwegian Cruise Line during the 1st quarter worth about $87,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

NCLH traded up $0.05 during midday trading on Wednesday, hitting $17.66. 1,865,754 shares of the company were exchanged, compared to its average volume of 13,049,070. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 0.31 and a beta of 2.69. The company’s 50 day simple moving average is $17.12 and its 200 day simple moving average is $18.05. 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 1-year low of $12.70 and a 1-year high of $22.75.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $2.19 billion for 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%. As a group, sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.17 earnings per share for the current year.

Insider Buying and Selling at Norwegian Cruise Line

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne bought 13,360 shares of Norwegian Cruise Line stock in a transaction dated Friday, May 31st. The stock was acquired at an average cost of $16.50 per share, for a total transaction of $220,440.00. Following the completion of the transaction, the director now directly owns 13,360 shares of the company’s stock, valued at $220,440. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on NCLH. Mizuho raised 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 research report on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft increased their target price on Norwegian Cruise Line from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, May 21st. Stifel Nicolaus upped their price objective on Norwegian Cruise Line from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Truist Financial raised Norwegian Cruise Line from a “hold” rating to a “buy” rating and raised their price objective for the company from $20.00 to $21.00 in a research report on Wednesday, May 29th. Finally, Barclays reduced their target price on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Norwegian Cruise Line presently has an average rating of “Hold” and an average target price of $21.79.

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.