Kentucky Retirement Systems Has $628,000 Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Kentucky Retirement Systems lessened its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,631 shares of the company’s stock after selling 1,700 shares during the quarter. Kentucky Retirement Systems’ holdings in Norwegian Cruise Line were worth $628,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Transcendent Capital Group LLC acquired a new stake in shares of Norwegian Cruise Line during the 1st quarter worth about $27,000. Sentry Investment Management LLC acquired a new stake in Norwegian Cruise Line during the second quarter worth approximately $39,000. Blue Trust Inc. lifted its position in Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after acquiring an additional 1,817 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Norwegian Cruise Line by 173.1% during the third quarter. Huntington National Bank now owns 3,504 shares of the company’s stock worth $72,000 after acquiring an additional 2,221 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Norwegian Cruise Line in the third quarter valued at approximately $78,000. Institutional investors own 69.58% of the company’s stock.

Insiders Place Their Bets

In related news, insider Andrea Demarco sold 29,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total value of $805,040.00. Following the completion of the sale, the insider now directly owns 97,304 shares in the company, valued at $2,701,159.04. This represents a 22.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Faye L. Ashby sold 38,344 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $27.30, for a total value of $1,046,791.20. Following the transaction, the chief accounting officer now directly owns 116,270 shares of the company’s stock, valued at approximately $3,174,171. This represents a 24.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,344 shares of company stock valued at $2,269,731 in the last 90 days. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NCLH. Stifel Nicolaus lifted their price target on Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, October 4th. JPMorgan Chase & Co. boosted their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Citigroup raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their price target for the stock from $20.00 to $30.00 in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a report on Friday, November 1st. Finally, Susquehanna raised their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $27.60.

Norwegian Cruise Line Stock Up 0.9 %

NCLH stock opened at $26.34 on Wednesday. The stock has a market capitalization of $11.58 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 0.27 and a beta of 2.67. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The firm has a 50-day moving average price of $23.07 and a 200-day moving average price of $19.34. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.13 and a 12 month high of $28.11.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter last year, the business posted $0.71 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.64 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.