Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 9.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 161,785 shares of the company’s stock after selling 17,341 shares during the period. Public Employees Retirement System of Ohio’s holdings in Norwegian Cruise Line were worth $3,386,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. YHB Investment Advisors Inc. purchased a new stake in Norwegian Cruise Line in the first quarter valued at $39,000. 1832 Asset Management L.P. purchased a new position in Norwegian Cruise Line in the 4th quarter valued at about $44,000. Fidelis Capital Partners LLC purchased a new position in Norwegian Cruise Line in the 1st quarter valued at about $61,000. Redmont Wealth Advisors LLC purchased a new position in Norwegian Cruise Line in the 1st quarter valued at about $80,000. Finally, Rakuten Securities Inc. purchased a new position in Norwegian Cruise Line in the 4th quarter valued at about $82,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock opened at $17.35 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 33.16. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $12.70 and a 52 week high of $21.73. The stock has a market capitalization of $7.44 billion, a PE ratio of 24.79, a P/E/G ratio of 0.30 and a beta of 2.69. The firm has a 50 day moving average of $18.05 and a two-hundred day moving average of $18.02.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.34 by $0.06. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 128.84%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter last year, the company posted $0.20 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. On average, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.17 EPS for the current fiscal year.

Insider Transactions at Norwegian Cruise Line

In other news, Director Zillah Byng-Thorne purchased 13,360 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were acquired at an average cost of $16.50 per share, for a total transaction of $220,440.00. Following the completion of the purchase, the director now directly owns 13,360 shares in the company, valued at approximately $220,440. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Bank of America raised their price target on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Citigroup increased their price objective on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Mizuho upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price objective for the company from $21.00 to $24.00 in a report on Tuesday, May 28th. The Goldman Sachs Group increased their price objective on shares of Norwegian Cruise Line from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Finally, 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Norwegian Cruise Line presently has an average rating of “Hold” and an average target price of $22.12.

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.