Kentucky Retirement Systems Has $676,000 Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Kentucky Retirement Systems reduced its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 5.1% during the 1st quarter, HoldingsChannel.com reports. The firm 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 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Capital Research Global Investors boosted its holdings in shares of Norwegian Cruise Line by 87.8% during the 4th quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock valued at $1,143,285,000 after acquiring an additional 26,676,150 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position 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 valued at $470,889,000 after acquiring an additional 12,313,426 shares during the last quarter. Norges Bank bought a new position in Norwegian Cruise Line in the 4th quarter valued at about $83,243,000. Dimensional Fund Advisors LP increased its stake in Norwegian Cruise Line by 58.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock valued at $62,240,000 after buying an additional 1,141,086 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its stake in Norwegian Cruise Line by 357.4% in the 4th quarter. Panagora Asset Management Inc. now owns 1,067,151 shares of the company’s stock valued at $21,386,000 after buying an additional 833,850 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Trading Down 0.4 %

Shares of Norwegian Cruise Line stock traded down $0.07 during trading on Monday, hitting $18.40. The stock had a trading volume of 4,307,950 shares, compared to its average volume of 12,762,563. The firm’s fifty day simple moving average is $17.90 and its 200-day simple moving average is $18.00. The stock has a market cap 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. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $12.70 and a 12 month high of $22.12.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly 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. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.24 billion. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. As a group, sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.17 EPS for the current fiscal year.

Insider Activity

In related news, Director Zillah Byng-Thorne bought 13,360 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was bought at an average cost of $16.50 per share, for a total transaction of $220,440.00. Following the purchase, the director now directly owns 13,360 shares of the company’s stock, valued at $220,440. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

NCLH has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on shares of Norwegian Cruise Line from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Wells Fargo & Company lifted 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 report on Tuesday, May 21st. UBS Group lifted their price objective on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Truist Financial upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and lifted their target price for the stock from $20.00 to $21.00 in a research report on Wednesday, May 29th. Finally, Stifel Nicolaus lifted their target price on shares of Norwegian Cruise Line from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.88.

Norwegian Cruise Line 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.