California Public Employees Retirement System Has $7.95 Million Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

California Public Employees Retirement System cut its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHGet Rating) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 715,016 shares of the company’s stock after selling 11,116 shares during the period. California Public Employees Retirement System owned about 0.17% of Norwegian Cruise Line worth $7,951,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Covestor Ltd raised its holdings in Norwegian Cruise Line by 5,020.8% in the first 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. 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 worth $40,000 after acquiring an additional 1,358 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Norwegian Cruise Line during the second quarter worth $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 worth $34,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Elequin Capital LP bought a new stake in shares of Norwegian Cruise Line during the first quarter worth $60,000. 57.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other 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 transaction of $921,287.44. Following the completion of the sale, the chief executive officer now owns 258,881 shares in the company, valued at approximately $3,800,373.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other 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 transaction of $921,287.44. Following the completion of the sale, the chief executive officer now owns 258,881 shares in the company, valued at approximately $3,800,373.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mark Kempa sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $18.54, for a total transaction of $463,500.00. Following the sale, the chief financial officer now owns 197,651 shares of the company’s stock, valued at approximately $3,664,449.54. The disclosure for this sale can be found here. Insiders sold a total of 222,709 shares of company stock valued at $3,780,342 in the last quarter. Company insiders own 0.77% of the company’s stock.

Norwegian Cruise Line Stock Performance

Shares of NCLH opened at $16.32 on Thursday. The firm has a 50-day moving average of $15.01 and a 200-day moving average of $13.95. Norwegian Cruise Line Holdings Ltd. has a one year low of $10.31 and a one year high of $23.90. The company has a market cap of $6.88 billion, a PE ratio of -1.97 and a beta of 2.47. The company has a debt-to-equity ratio of 32.25, a current ratio of 0.46 and a quick ratio of 0.43.

Norwegian Cruise Line (NYSE:NCLHGet Rating) last announced its quarterly earnings data on Tuesday, November 8th. The company reported ($0.70) EPS 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 the consensus estimate of $1.58 billion. As a group, equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post -4.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NCLH. Susquehanna Bancshares lowered their price objective on shares of 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. UBS Group increased their price objective on shares of Norwegian Cruise Line from $15.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, November 14th. Truist Financial increased their price objective on shares of Norwegian Cruise Line from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Norwegian Cruise Line from $16.00 to $14.00 and set a “hold” rating for the company in a research report on Friday, November 11th. Finally, Barclays raised their target price on shares of Norwegian Cruise Line from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Monday, September 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.17.

Norwegian Cruise Line 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.

Further Reading

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

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