Faye L. Ashby Sells 38,344 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Stock

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line stock in a transaction on Friday, November 8th. The stock was 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 $3,174,171. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Norwegian Cruise Line Stock Performance

NYSE NCLH opened at $27.32 on Friday. The firm has a market cap of $12.01 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 0.29 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 company’s 50 day moving average is $21.74 and its 200-day moving average is $18.89. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $12.70 and a 12-month high of $27.93.

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, beating analysts’ consensus estimates of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. Sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.64 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NCLH shares. JPMorgan Chase & Co. boosted their price target on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft upped their target price on Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a report on Friday, November 1st. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday. Barclays upped their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, Truist Financial lifted their target price on Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.47.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Norwegian Cruise Line during the first quarter valued at about $217,000. Norden Group LLC bought a new stake in Norwegian Cruise Line during the 1st quarter worth approximately $352,000. Private Advisor Group LLC lifted its stake in Norwegian Cruise Line by 30.0% in the 1st quarter. Private Advisor Group LLC now owns 33,192 shares of the company’s stock worth $695,000 after purchasing an additional 7,652 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Norwegian Cruise Line by 2.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 45,532 shares of the company’s stock valued at $953,000 after purchasing an additional 1,106 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in shares of Norwegian Cruise Line by 22.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 14,002 shares of the company’s stock valued at $293,000 after purchasing an additional 2,603 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Company 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.