Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Position Raised by Raymond James & Associates

Raymond James & Associates lifted its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Get Rating) by 11.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 159,300 shares of the company’s stock after acquiring an additional 16,737 shares during the period. Raymond James & Associates’ holdings in Norwegian Cruise Line were worth $1,810,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Norwegian Cruise Line by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 45,160,452 shares of the company’s stock worth $988,111,000 after acquiring an additional 5,549,673 shares during the period. BlackRock Inc. raised its stake in shares of Norwegian Cruise Line by 4.2% during the first quarter. BlackRock Inc. now owns 22,085,953 shares of the company’s stock valued at $483,242,000 after purchasing an additional 882,556 shares in the last quarter. Capital International Investors lifted its holdings in Norwegian Cruise Line by 15.7% in the first quarter. Capital International Investors now owns 21,242,007 shares of the company’s stock worth $464,775,000 after purchasing an additional 2,875,079 shares during the period. State Street Corp grew its position in Norwegian Cruise Line by 8.6% in the 1st quarter. State Street Corp now owns 13,336,773 shares of the company’s stock valued at $291,809,000 after buying an additional 1,050,800 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Norwegian Cruise Line by 13.4% during the 1st quarter. Invesco Ltd. now owns 5,713,862 shares of the company’s stock valued at $125,019,000 after buying an additional 677,268 shares during the period. Institutional investors and hedge funds own 57.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Credit Suisse Group lowered shares of Norwegian Cruise Line from an “outperform” rating to an “underperform” rating and reduced their price target for the stock from $20.00 to $14.00 in a research note on Thursday, November 17th. Wells Fargo & Company lifted their price target on Norwegian Cruise Line from $15.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, November 9th. UBS Group cut their price objective on Norwegian Cruise Line from $19.00 to $13.00 and set a “neutral” rating for the company in a report on Monday, January 9th. Citigroup lifted their target price on Norwegian Cruise Line to $18.00 in a report on Tuesday, November 15th. Finally, Morgan Stanley downgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $13.00 to $11.50 in a report on Tuesday, January 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Norwegian Cruise Line has an average rating of “Hold” and a consensus target price of $19.04.

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH opened at $15.43 on Wednesday. The company has a market cap of $6.50 billion, a P/E ratio of -1.90 and a beta of 2.48. The company’s fifty day moving average is $14.87 and its two-hundred day moving average is $14.20. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 32.25. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $10.31 and a 12-month high of $23.90.

Norwegian Cruise Line (NYSE:NCLH – Get Rating) last announced its quarterly earnings data on Tuesday, November 8th. The company reported ($0.70) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.75) by $0.05. Norwegian Cruise Line had a negative return on equity of 180.24% and a negative net margin of 88.14%. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.58 billion. Equities analysts expect that Norwegian Cruise Line Holdings Ltd. will post -4.7 earnings per share for the current fiscal year.

Insider Activity at Norwegian Cruise Line

In other Norwegian Cruise Line news, CEO Jason Montague sold 32,879 shares of the stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $16.49, for a total value of $542,174.71. Following the completion of the sale, the chief executive officer now owns 226,002 shares in the company, valued at approximately $3,726,772.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Norwegian Cruise Line news, CFO Mark Kempa sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $18.54, for a total value of $463,500.00. Following the transaction, the chief financial officer now owns 197,651 shares in the company, valued at $3,664,449.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jason Montague sold 32,879 shares of the firm’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $16.49, for a total value of $542,174.71. Following the sale, the chief executive officer now directly owns 226,002 shares of the company’s stock, valued at $3,726,772.98. The disclosure for this sale can be found here. Over the last three months, insiders have 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 Company Profile

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Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. It also offers an entirely inter-island itinerary in Hawaii.