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Headlands Technologies LLC Sells 12,516 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Norwegian Cruise Line logo with Consumer Discretionary background

Key Points

  • Headlands Technologies LLC has significantly reduced its holdings in Norwegian Cruise Line by 71.7%, selling 12,516 shares, bringing its total to 4,933 shares valued at approximately $94,000.
  • Norwegian Cruise Line's latest quarterly earnings reported an EPS of $0.51, slightly below analysts' expectations of $0.52, and its revenue was $2.52 billion, falling short of the estimated $2.55 billion.
  • Research firms have mixed opinions on Norwegian Cruise Line, with several maintaining a "buy" rating while the average price target is set at $27.20, reflecting a consensus rating of "Moderate Buy".
  • Looking to export and analyze Norwegian Cruise Line data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Headlands Technologies LLC lowered its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 71.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,933 shares of the company's stock after selling 12,516 shares during the period. Headlands Technologies LLC's holdings in Norwegian Cruise Line were worth $94,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. United Capital Financial Advisors LLC lifted its stake in Norwegian Cruise Line by 3.7% in the fourth quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company's stock worth $358,000 after purchasing an additional 498 shares during the last quarter. Burns Matteson Capital Management LLC lifted its stake in Norwegian Cruise Line by 4.0% in the first quarter. Burns Matteson Capital Management LLC now owns 17,618 shares of the company's stock worth $334,000 after purchasing an additional 677 shares during the last quarter. Allworth Financial LP raised its stake in shares of Norwegian Cruise Line by 19.1% during the first quarter. Allworth Financial LP now owns 4,690 shares of the company's stock valued at $89,000 after acquiring an additional 753 shares in the last quarter. Synovus Financial Corp raised its stake in shares of Norwegian Cruise Line by 1.0% during the fourth quarter. Synovus Financial Corp now owns 89,066 shares of the company's stock valued at $2,292,000 after acquiring an additional 858 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Norwegian Cruise Line by 4.0% during the first quarter. CWM LLC now owns 22,650 shares of the company's stock valued at $429,000 after acquiring an additional 865 shares in the last quarter. Institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Price Performance

NYSE NCLH opened at $23.73 on Tuesday. The firm's fifty day simple moving average is $21.60 and its two-hundred day simple moving average is $20.81. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 8.05. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29. The firm has a market capitalization of $10.73 billion, a P/E ratio of 16.37, a P/E/G ratio of 1.09 and a beta of 2.24.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). Norwegian Cruise Line had a return on equity of 59.88% and a net margin of 7.52%. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The company's quarterly revenue was up 6.1% on a year-over-year basis. Analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on NCLH. Northcoast Research began coverage on shares of Norwegian Cruise Line in a research note on Friday, April 25th. They set a "buy" rating and a $21.00 price target for the company. Melius Research raised shares of Norwegian Cruise Line to a "strong-buy" rating in a research note on Monday, April 21st. Citigroup lifted their price target on shares of Norwegian Cruise Line from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. TD Cowen began coverage on shares of Norwegian Cruise Line in a research note on Tuesday, July 22nd. They set a "buy" rating and a $31.00 price target for the company. Finally, Wall Street Zen raised shares of Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Norwegian Cruise Line has a consensus rating of "Moderate Buy" and an average price target of $27.20.

Check Out Our Latest Report on Norwegian Cruise Line

Norwegian Cruise Line Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Norwegian Cruise Line (NYSE:NCLH)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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