Public Employees Retirement System of Ohio Trims Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Public Employees Retirement System of Ohio lessened its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 4.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 155,464 shares of the company’s stock after selling 7,744 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Norwegian Cruise Line were worth $3,189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in NCLH. Zacks Investment Management acquired a new position in Norwegian Cruise Line in the 3rd quarter worth about $3,821,000. Hodges Capital Management Inc. increased its position in shares of Norwegian Cruise Line by 1.5% in the third quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company’s stock valued at $31,678,000 after buying an additional 23,075 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Norwegian Cruise Line by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock valued at $71,791,000 after buying an additional 94,178 shares in the last quarter. Y Intercept Hong Kong Ltd grew its stake in Norwegian Cruise Line by 1,104.7% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 178,603 shares of the company’s stock valued at $3,663,000 after acquiring an additional 163,777 shares during the period. Finally, nVerses Capital LLC purchased a new stake in Norwegian Cruise Line in the 3rd quarter worth $615,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NCLH. Barclays upgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $28.00 to $32.00 in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Mizuho raised their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Tigress Financial lifted their price target on 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. Finally, Truist Financial raised their price objective on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.93.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $26.62 on Tuesday. The company’s 50-day moving average is $25.70 and its two-hundred day moving average is $20.80. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $28.64. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The firm has a market capitalization of $11.71 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 0.31 and a beta of 2.65.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 earnings per share. Analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current year.

Insider Transactions at Norwegian Cruise Line

In related news, CAO Faye L. Ashby sold 38,344 shares of the 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 completion of the transaction, the chief accounting officer now owns 116,270 shares of the company’s stock, valued at approximately $3,174,171. This trade represents a 24.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Andrea Demarco sold 29,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total value of $805,040.00. Following the completion of the sale, the insider now directly owns 97,304 shares in the company, valued at approximately $2,701,159.04. The trade was a 22.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,344 shares of company stock worth $2,269,731. 0.52% of the stock is currently owned by company insiders.

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.