Quantinno Capital Management LP Reduces Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Quantinno Capital Management LP cut its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 63.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,821 shares of the company’s stock after selling 80,139 shares during the period. Quantinno Capital Management LP’s holdings in Norwegian Cruise Line were worth $940,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Avior Wealth Management LLC grew its holdings 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 worth $35,000 after acquiring an additional 429 shares during the period. Sentry Investment Management LLC purchased a new stake in Norwegian Cruise Line in the second quarter worth $39,000. Blue Trust Inc. raised its holdings 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 purchasing an additional 1,817 shares in the last quarter. Brooklyn Investment Group purchased a new position in Norwegian Cruise Line during the third quarter valued at $56,000. Finally, Huntington National Bank grew its position in shares of Norwegian Cruise Line by 173.1% in the 3rd quarter. Huntington National Bank now owns 3,504 shares of the company’s stock worth $72,000 after buying an additional 2,221 shares during the period. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

Shares of NYSE NCLH opened at $26.80 on Friday. The firm’s 50-day moving average price is $25.56 and its 200-day moving average price is $20.67. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.69 and a 52-week high of $28.64. The company has a market cap of $11.78 billion, a PE ratio of 24.59, a PEG ratio of 0.31 and a beta of 2.65. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH) last posted its earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. As a group, analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NCLH shares. Wells Fargo & Company lifted their price target on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Bank of America lifted their target price on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Macquarie upped their price target on Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. UBS Group raised their price objective on Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Citigroup raised 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 report on Wednesday, October 9th. One investment 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $28.93.

Insider Buying and Selling at Norwegian Cruise Line

In other Norwegian Cruise Line news, CFO Mark Kempa sold 15,000 shares of the company’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 of the company’s stock, valued at approximately $7,059,333.96. This represents a 5.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total transaction of $805,040.00. Following the transaction, the insider now owns 97,304 shares in the company, valued at $2,701,159.04. This represents a 22.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is owned by company insiders.

Norwegian Cruise Line 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.