Oak Thistle LLC Has $277,000 Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Oak Thistle LLC lowered its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 29.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,762 shares of the company’s stock after selling 4,592 shares during the quarter. Oak Thistle LLC’s holdings in Norwegian Cruise Line were worth $277,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Avior Wealth Management LLC grew its stake in shares of Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after purchasing an additional 429 shares during the period. Louisiana State Employees Retirement System boosted its stake in Norwegian Cruise Line by 2.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock valued at $509,000 after buying an additional 500 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Norwegian Cruise Line by 1.1% in the third quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock valued at $944,000 after acquiring an additional 509 shares during the period. Mount Lucas Management LP raised its stake in Norwegian Cruise Line by 2.4% during the third quarter. Mount Lucas Management LP now owns 22,055 shares of the company’s stock worth $452,000 after acquiring an additional 516 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Norwegian Cruise Line by 1.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock valued at $918,000 after acquiring an additional 521 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 17th. Argus raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Mizuho boosted their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Macquarie reaffirmed an “outperform” rating and set a $30.00 price target on shares of Norwegian Cruise Line in a report on Friday. Finally, UBS Group boosted their price objective on Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.27.

Norwegian Cruise Line Stock Up 2.9 %

Shares of NYSE:NCLH opened at $27.20 on Friday. 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 stock has a market cap of $11.96 billion, a price-to-earnings ratio of 24.95, a P/E/G ratio of 0.24 and a beta of 2.64. The company has a 50 day moving average of $26.51 and a 200-day moving average of $22.07. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.69 and a one year high of $28.64.

Norwegian Cruise Line (NYSE:NCLH) last released 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 firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 EPS. On average, sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Andrea Demarco sold 29,000 shares of the firm’s 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 sale, the insider now owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. This trade represents a 22.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $27.30, for a total value of $1,046,791.20. Following the transaction, the chief accounting officer now owns 116,270 shares in the company, valued at approximately $3,174,171. This represents a 24.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,344 shares of company stock worth $2,269,731. Insiders own 0.52% of the company’s stock.

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.