Norwegian Cruise Line Holdings Ltd. (NCLH) CEO Sells $157,019.31 in Stock

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) CEO Rio Frank J. Del sold 3,077 shares of the firm’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $51.03, for a total value of $157,019.31. Following the transaction, the chief executive officer now owns 304,398 shares of the company’s stock, valued at approximately $15,533,429.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NCLH traded down $0.48 on Wednesday, hitting $51.42. The company had a trading volume of 1,593,900 shares, compared to its average volume of 1,940,704. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $46.16 and a 12-month high of $61.18. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.08.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings results on Thursday, August 9th. The company reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.18. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $1.02 earnings per share. On average, analysts expect that Norwegian Cruise Line Holdings Ltd. will post 3.66 earnings per share for the current year.

A number of brokerages have recently weighed in on NCLH. BidaskClub lowered Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. JPMorgan Chase & Co. restated a “buy” rating on shares of Norwegian Cruise Line in a research report on Thursday, October 11th. Stifel Nicolaus raised their price objective on Norwegian Cruise Line from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Zacks Investment Research upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. Finally, Macquarie upgraded Norwegian Cruise Line from an “underperform” rating to a “neutral” rating and set a $55.00 price objective for the company in a research report on Friday, September 28th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $64.91.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oliver Luxxe Assets LLC grew its position in Norwegian Cruise Line by 5.6% in the third quarter. Oliver Luxxe Assets LLC now owns 17,956 shares of the company’s stock worth $973,000 after acquiring an additional 960 shares in the last quarter. State of Alaska Department of Revenue grew its position in Norwegian Cruise Line by 1.8% in the third quarter. State of Alaska Department of Revenue now owns 56,905 shares of the company’s stock worth $3,266,000 after acquiring an additional 995 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Norwegian Cruise Line by 5.1% in the second quarter. PNC Financial Services Group Inc. now owns 20,690 shares of the company’s stock worth $978,000 after acquiring an additional 1,003 shares in the last quarter. Profund Advisors LLC grew its position in Norwegian Cruise Line by 17.6% in the first quarter. Profund Advisors LLC now owns 7,461 shares of the company’s stock worth $395,000 after acquiring an additional 1,118 shares in the last quarter. Finally, Capital Management Corp VA grew its position in Norwegian Cruise Line by 2.0% in the second quarter. Capital Management Corp VA now owns 58,540 shares of the company’s stock worth $2,766,000 after acquiring an additional 1,125 shares in the last quarter. Institutional investors own 88.85% of the company’s stock.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

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Insider Buying and Selling by Quarter for Norwegian Cruise Line (NASDAQ:NCLH)

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