Geneos Wealth Management Inc. Lowers Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Geneos Wealth Management Inc. trimmed its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 3.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,024 shares of the company’s stock after selling 400 shares during the period. Geneos Wealth Management Inc.’s holdings in Norwegian Cruise Line were worth $258,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NCLH. Baillie Gifford & Co. purchased a new position in shares of Norwegian Cruise Line during the third quarter worth about $179,146,000. Two Sigma Advisers LP increased its holdings in shares of Norwegian Cruise Line by 864.9% in the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock worth $79,263,000 after buying an additional 3,464,100 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at $43,956,000. ING Groep NV lifted its holdings in shares of Norwegian Cruise Line by 1,340.3% during the 3rd quarter. ING Groep NV now owns 831,505 shares of the company’s stock worth $17,054,000 after acquiring an additional 773,772 shares during the last quarter. Finally, State Street Corp grew its position in Norwegian Cruise Line by 4.3% in the third quarter. State Street Corp now owns 15,241,984 shares of the company’s stock worth $312,613,000 after acquiring an additional 621,793 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors.

Norwegian Cruise Line Stock Up 0.1 %

Shares of Norwegian Cruise Line stock opened at $28.47 on Thursday. The company’s fifty day simple moving average is $26.48 and its two-hundred day simple moving average is $22.61. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.69 and a 12-month high of $28.73. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The company has a market cap of $12.52 billion, a P/E ratio of 26.12, a PEG ratio of 0.24 and a beta of 2.64.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same period last year, the business posted $0.71 earnings per share. Norwegian Cruise Line’s quarterly revenue was up 10.7% compared to the same quarter last year. Research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NCLH. Tigress Financial upped their price objective on Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a report on Monday, November 11th. Truist Financial lifted their price target on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Stifel Nicolaus boosted their price target on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company lifted their price objective on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. 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 stock. According to MarketBeat, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and a consensus price target of $29.27.

Insider Transactions at Norwegian Cruise Line

In other Norwegian Cruise Line news, insider Andrea Demarco sold 29,000 shares of the firm’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 transaction of $805,040.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Faye L. Ashby sold 38,344 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief accounting officer now directly 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. In the last quarter, insiders sold 82,344 shares of company stock valued at $2,269,731. Corporate insiders own 0.52% of the company’s stock.

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.