LPL Financial LLC Sells 42,113 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Key Points

• LPL Financial LLC reduced its stake in Norwegian Cruise Line Holdings Ltd. by 13.8%, selling 42,113 shares to own a total of 264,028 shares worth approximately $5 million.
• Analysts have shown positive sentiment towards Norwegian Cruise Line, with several upward revisions to target prices, including a rise from $26.00 to $35.00 by Stifel Nicolaus and a consensus rating of "Moderate Buy".
• The company's recent earnings report indicated a miss on expected earnings per share at $0.51, with reported revenue of $2.52 billion, just below analyst expectations.

LPL Financial LLC decreased its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 13.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 264,028 shares of the company's stock after selling 42,113 shares during the quarter. LPL Financial LLC owned 0.06% of Norwegian Cruise Line worth $5,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raiffeisen Bank International AG bought a new stake in Norwegian Cruise Line during the fourth quarter worth about $40,000. LRI Investments LLC bought a new stake in Norwegian Cruise Line during the fourth quarter worth about $47,000. Versant Capital Management Inc lifted its position in Norwegian Cruise Line by 147.7% during the first quarter. Versant Capital Management Inc now owns 1,880 shares of the company's stock worth $36,000 after purchasing an additional 1,121 shares during the period. Bogart Wealth LLC lifted its position in Norwegian Cruise Line by 1,012.0% during the first quarter. Bogart Wealth LLC now owns 2,224 shares of the company's stock worth $42,000 after purchasing an additional 2,024 shares during the period. Finally, CENTRAL TRUST Co lifted its holdings in shares of Norwegian Cruise Line by 2,621.0% in the first quarter. CENTRAL TRUST Co now owns 2,721 shares of the company's stock worth $52,000 after acquiring an additional 2,621 shares during the last quarter. Institutional investors own 69.58% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on NCLH shares. Wall Street Zen raised shares of Norwegian Cruise Line from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Stifel Nicolaus increased their target price on shares of Norwegian Cruise Line from $26.00 to $35.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Jefferies Financial Group increased their target price on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Morgan Stanley increased their target price on shares of Norwegian Cruise Line from $24.00 to $26.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Finally, Mizuho increased their target price on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $27.20.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $24.78 on Thursday. The company has a market capitalization of $11.20 billion, a PE ratio of 17.09, a P/E/G ratio of 1.11 and a beta of 2.24. The company has a 50 day simple moving average of $21.84 and a two-hundred day simple moving average of $20.86. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.16 and a current ratio of 0.18. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.21 and a fifty-two week high of $29.29.

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

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.

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