Texas Permanent School Fund Buys 2,986 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Texas Permanent School Fund grew its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHGet Rating) by 5.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,261 shares of the company’s stock after purchasing an additional 2,986 shares during the quarter. Texas Permanent School Fund’s holdings in Norwegian Cruise Line were worth $673,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Covestor Ltd increased its position in shares of Norwegian Cruise Line by 5,020.8% during the first quarter. Covestor Ltd now owns 1,229 shares of the company’s stock valued at $27,000 after acquiring an additional 1,205 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Norwegian Cruise Line by 272.7% during the first quarter. Parkside Financial Bank & Trust now owns 1,856 shares of the company’s stock valued at $40,000 after acquiring an additional 1,358 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Norwegian Cruise Line during the second quarter valued at approximately $28,000. Pacifica Partners Inc. increased its position in shares of Norwegian Cruise Line by 2,336.4% during the second quarter. Pacifica Partners Inc. now owns 2,607 shares of the company’s stock valued at $34,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Venture Visionary Partners LLC purchased a new stake in shares of Norwegian Cruise Line during the second quarter valued at approximately $34,000. Institutional investors own 57.17% of the company’s stock.

Insider Buying and Selling at Norwegian Cruise Line

In other Norwegian Cruise Line news, EVP Daniel S. Farkas sold 44,000 shares of Norwegian Cruise Line stock in a transaction on Monday, November 14th. The shares were sold at an average price of $17.93, for a total value of $788,920.00. Following the completion of the transaction, the executive vice president now owns 231,160 shares of the company’s stock, valued at $4,144,698.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Mark Kempa sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $18.54, for a total transaction of $463,500.00. Following the completion of the sale, the chief financial officer now owns 197,651 shares of the company’s stock, valued at $3,664,449.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel S. Farkas sold 44,000 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $17.93, for a total transaction of $788,920.00. Following the completion of the transaction, the executive vice president now owns 231,160 shares in the company, valued at $4,144,698.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 159,951 shares of company stock valued at $2,859,054. Corporate insiders own 0.77% of the company’s stock.

Norwegian Cruise Line Trading Up 1.8 %

NYSE:NCLH opened at $15.63 on Monday. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $10.31 and a 12 month high of $23.90. The firm has a fifty day simple moving average of $15.06 and a 200-day simple moving average of $14.03. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 32.25. The company has a market capitalization of $6.59 billion, a P/E ratio of -1.89 and a beta of 2.48.

Norwegian Cruise Line (NYSE:NCLHGet Rating) last released its quarterly earnings data on Tuesday, November 8th. The company reported ($0.70) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.05. Norwegian Cruise Line had a negative net margin of 88.14% and a negative return on equity of 180.24%. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.58 billion. On average, equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post -4.7 earnings per share for the current year.

Wall Street Analyst Weigh In

NCLH has been the subject of a number of recent research reports. Morgan Stanley downgraded Norwegian Cruise Line from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $13.00 to $11.50 in a research report on Tuesday, January 10th. Citigroup lifted their price objective on Norwegian Cruise Line to $18.00 in a report on Tuesday, November 15th. Wells Fargo & Company boosted their price target on Norwegian Cruise Line from $15.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, November 9th. Credit Suisse Group downgraded Norwegian Cruise Line from an “outperform” rating to an “underperform” rating and reduced their target price for the stock from $20.00 to $14.00 in a report on Thursday, November 17th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Norwegian Cruise Line from $16.00 to $14.00 and set a “hold” rating on the stock in a research report on Friday, November 11th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.04.

Norwegian Cruise Line Company Profile

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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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Institutional Ownership by Quarter for Norwegian Cruise Line (NYSE:NCLH)

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