Wealth Enhancement Advisory Services LLC Has $439,000 Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Wealth Enhancement Advisory Services LLC cut its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 5.2% in the third quarter, Holdings Channel reports. The firm owned 21,421 shares of the company’s stock after selling 1,174 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Norwegian Cruise Line were worth $439,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NCLH. Louisiana State Employees Retirement System grew its position in shares of Norwegian Cruise Line by 2.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock worth $509,000 after buying an additional 500 shares during the period. NBC Securities Inc. increased its stake in Norwegian Cruise Line by 1.5% in the third quarter. NBC Securities Inc. now owns 45,603 shares of the company’s stock valued at $935,000 after purchasing an additional 678 shares in the last quarter. Signaturefd LLC increased its stake in Norwegian Cruise Line by 5.6% in the second quarter. Signaturefd LLC now owns 13,365 shares of the company’s stock valued at $251,000 after purchasing an additional 705 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in Norwegian Cruise Line by 5.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 13,713 shares of the company’s stock worth $258,000 after purchasing an additional 747 shares during the period. Finally, State of Michigan Retirement System boosted its position in shares of Norwegian Cruise Line by 0.8% during the second quarter. State of Michigan Retirement System now owns 117,479 shares of the company’s stock worth $2,207,000 after purchasing an additional 900 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Insider Activity

In related news, CAO Faye L. Ashby sold 38,344 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 116,270 shares in the company, valued at approximately $3,174,171. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Mark Kempa sold 15,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total transaction of $417,900.00. Following the completion of the transaction, the chief financial officer now directly owns 253,386 shares in the company, valued at approximately $7,059,333.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Faye L. Ashby sold 38,344 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $27.30, for a total value of $1,046,791.20. Following the completion of the sale, the chief accounting officer now owns 116,270 shares in the company, valued at approximately $3,174,171. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NCLH. Morgan Stanley upped their price objective on shares of Norwegian Cruise Line from $17.50 to $19.00 and gave the company an “underweight” rating in a research report on Wednesday, October 30th. Truist Financial raised their price target on Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Bank of America boosted their price objective on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Argus raised Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Norwegian Cruise Line presently has a consensus rating of “Hold” and an average price target of $26.47.

Norwegian Cruise Line Trading Up 1.0 %

Shares of NYSE:NCLH opened at $27.32 on Friday. The company’s 50-day moving average price is $21.55 and its two-hundred day moving average price is $18.83. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.70 and a one year high of $27.93. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The stock has a market capitalization of $12.01 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 0.29 and a beta of 2.67.

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 the consensus estimate of $0.94 by $0.05. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. Norwegian Cruise Line’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 earnings per share. On average, equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current fiscal year.

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.