Barnett & Company Inc. cut its stake in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 13.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,125 shares of the company’s stock after selling 3,800 shares during the quarter. Barnett & Company Inc.’s holdings in Norwegian Cruise Line were worth $1,358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. IFM Investors Pty Ltd bought a new stake in shares of Norwegian Cruise Line in the third quarter worth approximately $259,000. Guardian Capital LP bought a new stake in Norwegian Cruise Line during the third quarter valued at approximately $254,000. California Public Employees Retirement System grew its position in Norwegian Cruise Line by 12.4% during the third quarter. California Public Employees Retirement System now owns 293,362 shares of the company’s stock valued at $15,856,000 after buying an additional 32,362 shares during the period. Kalos Management Inc. grew its position in Norwegian Cruise Line by 16.1% during the third quarter. Kalos Management Inc. now owns 12,254 shares of the company’s stock valued at $662,000 after buying an additional 1,699 shares during the period. Finally, Highbridge Capital Management LLC bought a new stake in Norwegian Cruise Line during the third quarter valued at approximately $7,525,000. Hedge funds and other institutional investors own 89.02% of the company’s stock.

In other news, CEO Jason Montague sold 15,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $55.08, for a total value of $826,200.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $54.11, for a total transaction of $270,550,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) opened at $53.16 on Thursday. The firm has a market cap of $12,501.54, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 0.58 and a beta of 1.09. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $42.04 and a 12-month high of $61.48. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.34 and a quick ratio of 0.31.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its quarterly earnings results on Thursday, November 9th. The company reported $1.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.04. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The company’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.62 earnings per share. sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 3.66 EPS for the current year.

Several brokerages recently issued reports on NCLH. Macquarie lowered shares of Norwegian Cruise Line from a “neutral” rating to an “underperform” rating and set a $47.00 target price for the company. in a research report on Thursday, November 30th. Tigress Financial restated a “buy” rating on shares of Norwegian Cruise Line in a research report on Monday, November 27th. Wedbush set a $65.00 target price on shares of Norwegian Cruise Line and gave the company a “buy” rating in a research report on Sunday, November 12th. Barclays boosted their target price on shares of Norwegian Cruise Line from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, November 10th. Finally, Morgan Stanley boosted their target price on shares of Norwegian Cruise Line from $58.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Norwegian Cruise Line has a consensus rating of “Hold” and a consensus price target of $63.07.

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Norwegian Cruise Line Profile

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

Institutional Ownership by Quarter for Norwegian Cruise Line (NASDAQ:NCLH)

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