Norwegian Cruise Line (NYSE:NCLH) Trading Down 2.7% – Time to Sell?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s share price was down 2.7% on Friday . The company traded as low as $25.22 and last traded at $25.23. Approximately 759,658 shares changed hands during trading, a decline of 83% from the average daily volume of 4,564,708 shares. The stock had previously closed at $25.92.

Analyst Upgrades and Downgrades

A number of research firms have commented on NCLH. UBS Group lifted their target price on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company increased their target price on Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Tigress Financial boosted their price target on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a research note on Monday, November 11th. Stifel Nicolaus raised their price objective on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, Macquarie upped their target price on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.27.

Norwegian Cruise Line Stock Down 2.4 %

The business has a 50-day moving average price of $26.36 and a 200 day moving average price of $21.51. 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 stock has a market capitalization of $11.13 billion, a P/E ratio of 23.22, a P/E/G ratio of 0.30 and a beta of 2.65.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Andrea Demarco sold 29,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total transaction of $805,040.00. Following the completion of the sale, the insider now owns 97,304 shares of the company’s stock, valued at $2,701,159.04. This represents a 22.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Faye L. Ashby sold 38,344 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were 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 in the company, valued at $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 have sold 82,344 shares of company stock valued at $2,269,731 in the last 90 days. Company insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Norwegian Cruise Line

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp lifted its stake in Norwegian Cruise Line by 4.3% during the 3rd quarter. State Street Corp now owns 15,241,984 shares of the company’s stock valued at $312,613,000 after acquiring an additional 621,793 shares during the period. Geode Capital Management LLC grew its holdings in Norwegian Cruise Line by 2.6% in the third quarter. Geode Capital Management LLC now owns 10,522,834 shares of the company’s stock valued at $215,481,000 after purchasing an additional 261,925 shares during the period. Baillie Gifford & Co. purchased a new position in Norwegian Cruise Line during the third quarter valued at $179,146,000. Dimensional Fund Advisors LP raised its holdings in shares of Norwegian Cruise Line by 32.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after acquiring an additional 1,129,770 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in Norwegian Cruise Line by 864.9% in the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock valued at $79,263,000 after purchasing an additional 3,464,100 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.