Teachers Retirement System of The State of Kentucky Sells 2,169 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 6.3% in the third quarter, Holdings Channel reports. The firm owned 32,400 shares of the company’s stock after selling 2,169 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Norwegian Cruise Line were worth $665,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NCLH. Prestige Wealth Management Group LLC raised its holdings in shares of Norwegian Cruise Line by 192.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock worth $25,000 after buying an additional 800 shares in the last quarter. Avior Wealth Management LLC grew its position in Norwegian Cruise Line by 34.1% in the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after acquiring an additional 429 shares during the period. Sentry Investment Management LLC acquired a new position in Norwegian Cruise Line during the second quarter worth $39,000. Blue Trust Inc. lifted its holdings in shares of Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after acquiring an additional 1,817 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of Norwegian Cruise Line in the 3rd quarter valued at $56,000. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Down 4.9 %

Shares of NYSE:NCLH opened at $25.10 on Thursday. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of 23.03, a P/E/G ratio of 0.31 and a beta of 2.65. The company has a 50 day moving average of $25.85 and a 200-day moving average of $20.89. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.69 and a one year high of $28.64.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 EPS. On average, sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NCLH shares. Bank of America increased their target price on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Morgan Stanley lifted their target price on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. Truist Financial increased their price target on Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Stifel Nicolaus lifted their price objective on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Citigroup upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their target price for the stock from $20.00 to $30.00 in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.27.

Insider Activity at Norwegian Cruise Line

In related news, CAO Faye L. Ashby sold 38,344 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the completion of the transaction, the chief accounting officer now owns 116,270 shares in the company, valued at approximately $3,174,171. The trade was a 24.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark Kempa sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total transaction 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 $7,059,333.96. The trade was a 5.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,344 shares of company stock worth $2,269,731. 0.52% of the stock is owned by insiders.

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.