Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp reduced its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 19.5% during the 2nd quarter, Holdings Channel reports. The fund owned 70,320 shares of the company’s stock after selling 17,003 shares during the period. Texas Permanent School Fund Corp’s holdings in Norwegian Cruise Line were worth $1,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Norwegian Cruise Line Trading Up 1.9 %

Shares of NCLH stock opened at $20.21 on Friday. The firm has a 50-day moving average price of $17.77 and a 200 day moving average price of $17.99. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $12.70 and a twelve month high of $21.73. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 0.27 and a beta of 2.70. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. 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 company’s quarterly revenue was up 7.6% compared to the same quarter last year. Research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. The Goldman Sachs Group increased their target price on shares of Norwegian Cruise Line from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Macquarie raised their price objective on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Truist Financial raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and lifted their target price for the company from $20.00 to $21.00 in a report on Wednesday, May 29th. JPMorgan Chase & Co. lifted their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday. Finally, Susquehanna boosted their price objective on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $22.17.

Norwegian Cruise Line Company 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.