Kentucky Retirement Systems Insurance Trust Fund Sells 820 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Kentucky Retirement Systems Insurance Trust Fund reduced its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 5.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,018 shares of the company’s stock after selling 820 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Norwegian Cruise Line were worth $267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Transcendent Capital Group LLC purchased a new stake in Norwegian Cruise Line in the first quarter worth $27,000. Sentry Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line during the 2nd quarter valued at $39,000. Blue Trust Inc. grew its position in Norwegian Cruise Line by 489.8% in the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after acquiring an additional 1,817 shares in the last quarter. Huntington National Bank increased its stake in Norwegian Cruise Line by 173.1% in the third quarter. Huntington National Bank now owns 3,504 shares of the company’s stock valued at $72,000 after acquiring an additional 2,221 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in Norwegian Cruise Line during the third quarter worth about $78,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Andrea Demarco sold 29,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total transaction of $805,040.00. Following the sale, the insider now directly owns 97,304 shares of the company’s stock, valued at $2,701,159.04. The trade was a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total transaction of $417,900.00. Following the completion of the sale, the chief financial officer now directly owns 253,386 shares in the company, valued at approximately $7,059,333.96. The trade was a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,344 shares of company stock valued at $2,269,731. Corporate insiders own 0.52% of the company’s stock.

Norwegian Cruise Line Trading Up 0.9 %

Shares of Norwegian Cruise Line stock opened at $26.34 on Wednesday. The company has a market capitalization of $11.58 billion, a P/E ratio of 24.17, a P/E/G ratio of 0.27 and a beta of 2.67. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The company has a fifty day moving average of $23.07 and a 200 day moving average of $19.34. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.13 and a fifty-two week high of $28.11.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.94 by $0.05. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted $0.71 earnings per share. On average, sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Citigroup upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $20.00 to $30.00 in a research report on Wednesday, October 9th. Wells Fargo & Company increased their price objective on Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. UBS Group increased their price objective on Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus increased their price objective on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of “Hold” and a consensus price target of $27.60.

About Norwegian Cruise Line

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.