Capital Bank & Trust Co decreased its position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,188,604 shares of the company’s stock after selling 31,897 shares during the quarter. Capital Bank & Trust Co owned 0.52% of Norwegian Cruise Line worth $64,244,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of NCLH. Aviance Capital Management LLC bought a new stake in shares of Norwegian Cruise Line in the 2nd quarter worth about $103,000. Toronto Dominion Bank grew its holdings in shares of Norwegian Cruise Line by 12.4% in the 2nd quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock worth $106,000 after purchasing an additional 216 shares during the last quarter. BB&T Investment Services Inc. bought a new stake in shares of Norwegian Cruise Line in the 2nd quarter worth about $121,000. Pacer Advisors Inc. bought a new stake in shares of Norwegian Cruise Line in the 2nd quarter worth about $197,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Norwegian Cruise Line in the 3rd quarter worth about $202,000. 89.02% of the stock is currently owned by institutional investors and hedge funds.
Norwegian Cruise Line Holdings Ltd. (NASDAQ NCLH) opened at $55.03 on Friday. 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 Holdings Ltd. has a 52-week low of $42.04 and a 52-week high of $61.48. The stock has a market cap of $12,414.73, a PE ratio of 14.89, a price-to-earnings-growth ratio of 0.58 and a beta of 1.09.
Norwegian Cruise Line (NASDAQ:NCLH) last released its earnings results on Thursday, November 9th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the company posted $1.62 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 3.66 earnings per share for the current year.
In other Norwegian Cruise Line news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $54.11, for a total transaction of $270,550,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jason Montague sold 15,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $55.08, for a total transaction of $826,200.00. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.
A number of equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Stifel Nicolaus reissued a “buy” rating and set a $69.00 price objective on shares of Norwegian Cruise Line in a report on Thursday, October 12th. Goldman Sachs Group reissued a “neutral” rating and set a $64.00 price objective (up previously from $60.00) on shares of Norwegian Cruise Line in a report on Tuesday, August 15th. Tigress Financial reissued a “buy” rating on shares of Norwegian Cruise Line in a report on Monday, November 27th. Finally, Morgan Stanley increased their price objective on shares of Norwegian Cruise Line from $58.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $63.07.
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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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