Kentucky Retirement Systems Sells 1,731 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Kentucky Retirement Systems lessened its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 5.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,308 shares of the company’s stock after selling 1,731 shares during the period. Kentucky Retirement Systems’ holdings in Norwegian Cruise Line were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. YHB Investment Advisors Inc. purchased a new position in shares of Norwegian Cruise Line during the first quarter worth approximately $39,000. 1832 Asset Management L.P. acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $44,000. Fidelis Capital Partners LLC acquired a new stake in shares of Norwegian Cruise Line during the first quarter worth $61,000. Redmont Wealth Advisors LLC acquired a new position in Norwegian Cruise Line during the first quarter valued at $80,000. Finally, Rakuten Securities Inc. acquired a new position in Norwegian Cruise Line during the fourth quarter valued at $82,000. Institutional investors own 69.58% of the company’s stock.

Insider Buying and Selling at Norwegian Cruise Line

In other news, Director Zillah Byng-Thorne bought 13,360 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was bought at an average price of $16.50 per share, for a total transaction of $220,440.00. Following the completion of the purchase, the director now owns 13,360 shares of the company’s stock, valued at approximately $220,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on NCLH. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. increased their price objective on shares of Norwegian Cruise Line from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Bank of America raised their price target on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Truist Financial upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and raised their price target for the stock from $20.00 to $21.00 in a report on Wednesday, May 29th. Finally, Wells Fargo & Company increased 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 research analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Norwegian Cruise Line has an average rating of “Hold” and a consensus price target of $21.88.

Norwegian Cruise Line Price Performance

Shares of NCLH traded down $0.07 during trading hours on Monday, hitting $18.40. 4,307,950 shares of the company were exchanged, compared to its average volume of 12,762,563. The company has a market capitalization of $7.89 billion, a PE ratio of 26.39, a PEG ratio of 0.30 and a beta of 2.69. The company has a debt-to-equity ratio of 33.16, a current ratio of 0.24 and a quick ratio of 0.22. The firm has a fifty day simple moving average of $17.90 and a 200-day simple moving average of $18.00. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.70 and a one year high of $22.12.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Wednesday, May 1st. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.24 billion. As a group, sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.17 earnings per share for the current 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.