J.W. Cole Advisors Inc. Sells 5,786 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

J.W. Cole Advisors Inc. reduced its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHGet Rating) by 22.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,971 shares of the company’s stock after selling 5,786 shares during the period. J.W. Cole Advisors Inc.’s holdings in Norwegian Cruise Line were worth $437,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NCLH. Covestor Ltd raised its position 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 acquiring an additional 1,205 shares in the last quarter. US Asset Management LLC bought a new position in shares of Norwegian Cruise Line in the 1st quarter worth about $28,000. Stonebridge Capital Advisors LLC raised its position in shares of Norwegian Cruise Line by 115.4% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 1,400 shares of the company’s stock worth $29,000 after acquiring an additional 750 shares in the last quarter. DeDora Capital Inc. bought a new position in shares of Norwegian Cruise Line in the 1st quarter worth about $29,000. Finally, City State Bank bought a new position in shares of Norwegian Cruise Line in the 4th quarter worth about $33,000. 57.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Norwegian Cruise Line

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

Analyst Ratings Changes

NCLH has been the subject of a number of research analyst reports. Morgan Stanley decreased their target price on Norwegian Cruise Line from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, August 12th. Susquehanna Bancshares decreased their target price on Norwegian Cruise Line from $20.00 to $15.00 and set a “positive” rating for the company in a research report on Wednesday, August 10th. Barclays boosted their target price on Norwegian Cruise Line from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Monday. Susquehanna decreased their target price on Norwegian Cruise Line from $20.00 to $15.00 and set a “positive” rating for the company in a research report on Wednesday, August 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Norwegian Cruise Line from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, August 10th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.46.

Norwegian Cruise Line Trading Up 0.1 %

NYSE:NCLH opened at $15.33 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 13.57. The stock has a market capitalization of $6.46 billion, a PE ratio of -1.55 and a beta of 2.40. The firm’s 50 day moving average is $13.23 and its 200 day moving average is $15.58. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $10.31 and a 12 month high of $29.45.

Norwegian Cruise Line (NYSE:NCLHGet Rating) last issued its earnings results on Tuesday, August 9th. The company reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.87) by ($0.35). Norwegian Cruise Line had a negative net margin of 166.44% and a negative return on equity of 148.50%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm earned ($1.93) EPS. The company’s revenue was up 26881.8% compared to the same quarter last year. Sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post -3.95 earnings per share for the current year.

About Norwegian Cruise Line

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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.

Further Reading

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

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