Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning trimmed its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 34.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 15,326 shares of the company’s stock after selling 7,957 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Norwegian Cruise Line were worth $321,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. 1832 Asset Management L.P. acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $44,000. Mendota Financial Group LLC acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $66,000. Rakuten Securities Inc. acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $82,000. GAMMA Investing LLC acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $86,000. Finally, Mather Group LLC. acquired a new stake in shares of Norwegian Cruise Line in the first quarter valued at about $87,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne acquired 13,360 shares of the stock in a transaction dated Friday, May 31st. The stock was acquired at an average price of $16.50 per share, with a total value of $220,440.00. Following the completion of the purchase, the director now owns 13,360 shares in the company, valued at approximately $220,440. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.87% of the company’s stock.

Norwegian Cruise Line Trading Down 0.4 %

NYSE NCLH opened at $17.54 on Thursday. The firm has a 50 day simple moving average of $17.08 and a 200-day simple moving average of $18.04. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.22 and a current ratio of 0.24. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.70 and a one year high of $22.75. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 0.29 and a beta of 2.69.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.24 billion. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NCLH shares. Stifel Nicolaus raised their price objective on shares of Norwegian Cruise Line from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Truist Financial upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $21.00 in a research report on Wednesday, May 29th. Susquehanna cut their price objective on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Norwegian Cruise Line from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, May 21st. Finally, Wells Fargo & Company raised their price objective on shares of Norwegian Cruise Line from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $21.79.

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.