Cerity Partners LLC Sells 3,771 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Cerity Partners LLC lowered its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 2.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,997 shares of the company’s stock after selling 3,771 shares during the quarter. Cerity Partners LLC’s holdings in Norwegian Cruise Line were worth $2,996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc grew its position in shares of Norwegian Cruise Line by 147.7% during the 1st quarter. Versant Capital Management Inc now owns 1,880 shares of the company’s stock valued at $36,000 after acquiring an additional 1,121 shares during the period. Raiffeisen Bank International AG purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $40,000. LRI Investments LLC bought a new position in Norwegian Cruise Line in the 4th quarter worth about $47,000. CENTRAL TRUST Co grew its stake in Norwegian Cruise Line by 2,621.0% during the first quarter. CENTRAL TRUST Co now owns 2,721 shares of the company’s stock valued at $52,000 after acquiring an additional 2,621 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of Norwegian Cruise Line by 35.0% during the 4th quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company’s stock valued at $65,000 after purchasing an additional 654 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NCLH has been the topic of several analyst reports. Citigroup lifted their price objective on Norwegian Cruise Line from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday. Macquarie lowered their price target on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, May 9th. Wall Street Zen raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Friday. Barclays increased their price objective on Norwegian Cruise Line from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Finally, UBS Group lowered their price target on Norwegian Cruise Line from $29.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, June 30th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and a consensus price target of $25.42.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock opened at $23.60 on Friday. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29. The stock’s 50-day moving average price is $19.70 and its 200 day moving average price is $21.10. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 9.09. The stock has a market capitalization of $10.54 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 0.41 and a beta of 2.13.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Norwegian Cruise Line Profile

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 through 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 ports, including Scandinavia, Northern Europe, 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.