Short Interest in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Decreases By 7.5%

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHGet Rating) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 37,480,000 shares, a decrease of 7.5% from the August 15th total of 40,540,000 shares. Based on an average daily trading volume, of 21,190,000 shares, the short-interest ratio is presently 1.8 days.

Norwegian Cruise Line Stock Performance

NYSE NCLH opened at $15.33 on Tuesday. The business’s 50-day moving average price is $13.23 and its 200 day moving average price is $15.58. Norwegian Cruise Line has a twelve month low of $10.31 and a twelve month high of $29.45. The company has a market capitalization of $6.46 billion, a PE ratio of -1.55 and a beta of 2.40. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 13.57.

Norwegian Cruise Line (NYSE:NCLHGet Rating) last released its earnings results on Tuesday, August 9th. The company reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($0.87) by ($0.35). Norwegian Cruise Line had a negative return on equity of 148.50% and a negative net margin of 166.44%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the company posted ($1.93) earnings per share. The business’s quarterly revenue was up 26881.8% compared to the same quarter last year. On average, research analysts predict that Norwegian Cruise Line will post -3.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NCLH. Susquehanna dropped their target price on shares of Norwegian Cruise Line from $20.00 to $15.00 and set a “positive” rating for the company in a report on Wednesday, August 10th. Credit Suisse Group dropped their target price on shares of Norwegian Cruise Line from $33.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, August 10th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Norwegian Cruise Line from $17.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, August 10th. Morgan Stanley dropped their target price on shares of Norwegian Cruise Line from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, August 12th. Finally, Barclays raised their price objective on shares of Norwegian Cruise Line from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.46.

Insider Transactions at Norwegian Cruise Line

In related news, CFO Mark Kempa sold 55,000 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $13.50, for a total value of $742,500.00. Following the completion of the sale, the chief financial officer now owns 222,651 shares in the company, valued at $3,005,788.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Jason Montague sold 62,758 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $14.68, for a total value of $921,287.44. Following the completion of the sale, the chief executive officer now owns 258,881 shares in the company, valued at $3,800,373.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Mark Kempa sold 55,000 shares of the stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $13.50, for a total transaction of $742,500.00. Following the completion of the transaction, the chief financial officer now directly owns 222,651 shares of the company’s stock, valued at $3,005,788.50. The disclosure for this sale can be found here. Insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Norwegian Cruise Line

Large investors have recently added to or reduced their stakes in the business. Covestor Ltd raised its holdings in shares of Norwegian Cruise Line by 5,020.8% in the 1st quarter. Covestor Ltd now owns 1,229 shares of the company’s stock worth $27,000 after purchasing an additional 1,205 shares during the period. US Asset Management LLC acquired a new stake in shares of Norwegian Cruise Line in the first quarter valued at about $28,000. Truvestments Capital LLC acquired a new stake in shares of Norwegian Cruise Line in the second quarter valued at about $28,000. Stonebridge Capital Advisors LLC grew its stake in shares of Norwegian Cruise Line by 115.4% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,400 shares of the company’s stock valued at $29,000 after buying an additional 750 shares in the last quarter. Finally, DeDora Capital Inc. acquired a new stake in shares of Norwegian Cruise Line in the first quarter valued at about $29,000. 57.80% of the stock is currently owned by hedge funds and other institutional investors.

About Norwegian Cruise Line

(Get Rating)

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 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 locations, including destinations in Scandinavia, Russia, 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.

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