Oppenheimer & Co. Inc. Sells 2,395 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Oppenheimer & Co. Inc. decreased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 11.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 18,674 shares of the company’s stock after selling 2,395 shares during the period. Oppenheimer & Co. Inc.’s holdings in Norwegian Cruise Line were worth $383,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NCLH. Price T Rowe Associates Inc. MD lifted its holdings in Norwegian Cruise Line by 120.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after acquiring an additional 12,313,426 shares during the period. Baillie Gifford & Co. bought a new stake in Norwegian Cruise Line in the third quarter worth about $179,146,000. Columbus Hill Capital Management L.P. purchased a new position in Norwegian Cruise Line in the second quarter valued at about $23,479,000. Dimensional Fund Advisors LP increased its holdings in Norwegian Cruise Line by 32.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after acquiring an additional 1,129,770 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in Norwegian Cruise Line during the second quarter valued at about $15,213,000. Institutional investors own 69.58% of the company’s stock.

Insider Buying and Selling at Norwegian Cruise Line

In related news, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total value of $805,040.00. Following the completion of the transaction, the insider now owns 97,304 shares in the company, valued at $2,701,159.04. The trade was a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Faye L. Ashby sold 38,344 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $27.30, for a total value of $1,046,791.20. Following the transaction, the chief accounting officer now directly owns 116,270 shares of the company’s stock, valued at approximately $3,174,171. This represents a 24.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,344 shares of company stock worth $2,269,731. Corporate insiders own 0.52% of the company’s stock.

Norwegian Cruise Line Stock Performance

Shares of NYSE:NCLH opened at $26.74 on Friday. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.14 and a 52 week high of $28.11. The company has a market capitalization of $11.76 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 0.27 and a beta of 2.67. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The firm has a 50 day moving average of $23.37 and a 200 day moving average of $19.43.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.05. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations 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 revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 earnings per share. On average, sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NCLH has been the subject of several recent research reports. Wells Fargo & Company lifted their target price on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Tigress Financial raised their price target on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a report on Monday, November 11th. Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $30.00 in a report on Wednesday, October 9th. Mizuho increased their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Macquarie lifted their price target 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. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.60.

About Norwegian Cruise Line

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.