Norwegian Cruise Line (NYSE:NCLH) Trading Down 2.7% – Time to Sell?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) shares fell 2.7% during trading on Friday . The company traded as low as $25.22 and last traded at $25.23. 759,658 shares were traded during mid-day trading, a decline of 83% from the average session volume of 4,564,708 shares. The stock had previously closed at $25.92.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NCLH shares. StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Tigress Financial increased their price target on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 11th. UBS Group boosted their price objective on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their target price on shares of 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. Finally, Mizuho boosted their price target on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.27.

Norwegian Cruise Line Price Performance

The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The company has a market capitalization of $11.18 billion, a P/E ratio of 23.32, a P/E/G ratio of 0.30 and a beta of 2.65. The firm has a fifty day moving average of $26.41 and a 200 day moving average of $21.60.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. On average, equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current year.

Insider Activity

In related news, CFO Mark Kempa sold 15,000 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Faye L. Ashby sold 38,344 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the sale, the chief accounting officer now directly owns 116,270 shares of the company’s stock, valued at approximately $3,174,171. This represents a 24.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,344 shares of company stock valued at $2,269,731 in the last ninety days. 0.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of hedge funds have recently modified their holdings of NCLH. Prestige Wealth Management Group LLC lifted its position in Norwegian Cruise Line by 192.3% during the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after purchasing an additional 800 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Norwegian Cruise Line by 34.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after buying an additional 429 shares in the last quarter. Sentry Investment Management LLC bought a new position in shares of Norwegian Cruise Line during the 2nd quarter valued at approximately $39,000. Blue Trust Inc. increased its holdings in Norwegian Cruise Line by 489.8% in the 3rd 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. Finally, Brooklyn Investment Group bought a new stake in Norwegian Cruise Line during the 3rd quarter worth approximately $56,000. Institutional investors own 69.58% of the company’s stock.

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.