Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 364,498 shares of the company’s stock after selling 5,183 shares during the quarter. Stifel Financial Corp’s holdings in Norwegian Cruise Line were worth $7,476,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Avior Wealth Management LLC increased its holdings in shares of Norwegian Cruise Line by 34.1% in the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after purchasing an additional 429 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in shares of Norwegian Cruise Line in the 2nd quarter worth $39,000. Blue Trust Inc. raised its holdings in shares of Norwegian Cruise Line by 489.8% during the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after acquiring an additional 1,817 shares during the period. Brooklyn Investment Group acquired a new position in shares of Norwegian Cruise Line during the 3rd quarter valued at about $56,000. Finally, Huntington National Bank grew its holdings in shares of Norwegian Cruise Line by 173.1% in the third quarter. Huntington National Bank now owns 3,504 shares of the company’s stock valued at $72,000 after purchasing an additional 2,221 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NCLH shares. Macquarie lifted their target price on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Argus upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. The Goldman Sachs Group raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their target price for the stock from $29.00 to $35.00 in a research note on Tuesday. JPMorgan Chase & Co. upped their price target on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company raised their price objective on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.67.

Norwegian Cruise Line Stock Down 2.5 %

Shares of NCLH opened at $26.81 on Friday. The company’s 50-day simple moving average is $25.44 and its 200-day simple moving average is $20.59. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.69 and a 1 year high of $28.64. The stock has a market capitalization of $11.79 billion, a PE ratio of 24.60, a P/E/G ratio of 0.31 and a beta of 2.65.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. Analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current fiscal year.

Insider Activity at Norwegian Cruise Line

In other Norwegian Cruise Line news, CAO Faye L. Ashby sold 38,344 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the completion of the transaction, the chief accounting officer now owns 116,270 shares in the company, valued at $3,174,171. The trade was a 24.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark Kempa sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total transaction of $417,900.00. Following the completion of the sale, the chief financial officer now owns 253,386 shares in the company, valued at $7,059,333.96. The trade was a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,344 shares of company stock worth $2,269,731. Company insiders own 0.52% of the company’s stock.

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.