Norwegian Cruise Line Holdings Ltd. $NCLH Stock Sold by International Assets Investment Management LLC

International Assets Investment Management LLC reduced its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 78.9% during the third quarter, HoldingsChannel reports. The firm owned 9,584 shares of the company’s stock after selling 35,875 shares during the quarter. International Assets Investment Management LLC’s holdings in Norwegian Cruise Line were worth $141,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NCLH. Versant Capital Management Inc lifted its position in Norwegian Cruise Line by 278.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,888 shares of the company’s stock valued at $28,000 after purchasing an additional 1,389 shares during the last quarter. Reyes Financial Architecture Inc. bought a new stake in Norwegian Cruise Line in the third quarter worth about $37,000. Root Financial Partners LLC bought a new stake in shares of Norwegian Cruise Line in the 3rd quarter worth approximately $41,000. Pension & Wealth Management Advisors Inc. bought a new position in shares of Norwegian Cruise Line in the third quarter valued at $48,000. Finally, Summit Securities Group LLC lifted its holdings in shares of Norwegian Cruise Line by 291.3% during the first quarter. Summit Securities Group LLC now owns 2,649 shares of the company’s stock valued at $50,000 after purchasing an additional 1,972 shares during the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NCLH shares. BNP Paribas Exane upped their target price on Norwegian Cruise Line from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, October 30th. The Goldman Sachs Group increased their price target on shares of Norwegian Cruise Line from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. Jefferies Financial Group raised their price target on shares of Norwegian Cruise Line from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Friday, July 17th. Freedom Broker raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $22.00 in a research report on Friday, October 30th. Finally, Susquehanna dropped their price objective on shares of Norwegian Cruise Line from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.18.

Norwegian Cruise Line Price Performance

NYSE:NCLH traded up $0.18 during mid-day trading on Friday, hitting $17.95. The company’s stock had a trading volume of 16,480,263 shares, compared to its average volume of 21,939,300. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $13.63 and a fifty-two week high of $25.13. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 4.43. The company has a market capitalization of $8.24 billion, a price-to-earnings ratio of 9.91, a P/E/G ratio of 1.04 and a beta of 1.99. The stock has a fifty day moving average of $15.48 and a 200-day moving average of $18.64.

Norwegian Cruise Line (NYSE:NCLH) last posted its earnings results on Thursday, October 29th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.19. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.88 billion. Norwegian Cruise Line had a return on equity of 34.28% and a net margin of 8.20%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.20 EPS. As a group, equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.49 EPS for the current fiscal year.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. is a global cruise company headquartered in Miami, Florida. Through its operating brands—Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises—the company provides cruise vacations to destinations worldwide, including Europe, the Caribbean, Alaska, Asia, South America, Australia and New Zealand.

Norwegian Cruise Line offers contemporary cruises with flexible dining, entertainment and onboard activities. Oceania Cruises focuses on destination-oriented, upscale travel and culinary experiences, while Regent Seven Seas Cruises provides an all-inclusive luxury cruise experience.