Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Stock Holdings Lessened by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 5.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 94,639 shares of the company’s stock after selling 5,042 shares during the period. Retirement Systems of Alabama’s holdings in Norwegian Cruise Line were worth $1,778,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NCLH. Transcendent Capital Group LLC purchased a new stake in shares of Norwegian Cruise Line during the first quarter valued at $27,000. YHB Investment Advisors Inc. acquired a new stake in Norwegian Cruise Line during the 1st quarter worth about $39,000. 1832 Asset Management L.P. purchased a new stake in Norwegian Cruise Line during the fourth quarter valued at about $44,000. Fidelis Capital Partners LLC acquired a new position in shares of Norwegian Cruise Line in the first quarter worth about $61,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Norwegian Cruise Line in the first quarter worth approximately $80,000. 69.58% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Zillah Byng-Thorne bought 13,360 shares of the stock in a transaction that occurred on 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 purchase, the director now owns 13,360 shares of the company’s stock, valued at approximately $220,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NCLH shares. Morgan Stanley upped their price target on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the company an “underweight” rating in a research report on Wednesday, August 7th. Macquarie raised their target price on Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Truist Financial raised Norwegian Cruise Line from a “hold” rating to a “buy” rating and upped their price target for the company from $20.00 to $21.00 in a research report on Wednesday, May 29th. Bank of America raised their price objective on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Finally, StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.38.

Norwegian Cruise Line Trading Up 3.6 %

Norwegian Cruise Line stock opened at $18.08 on Wednesday. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.70 and a one year high of $21.73. The company’s fifty day moving average price is $17.63 and its two-hundred day moving average price is $17.84. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 0.29 and a beta of 2.69.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the prior year, the company posted $0.20 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. On average, analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.17 earnings per share for the current fiscal year.

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.