Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

Key Points

• OVERSEA CHINESE BANKING Corp Ltd reduced its holdings in Norwegian Cruise Line by 67.8%, owning 54,550 shares after selling 114,977 shares.
• The company reported $0.51 EPS for the most recent quarter, missing analysts' expectations, with a revenue of $2.52 billion.
• Analysts have mixed ratings for Norwegian Cruise Line, with an average rating of "Moderate Buy" and a consensus price target of $26.90.

OVERSEA CHINESE BANKING Corp Ltd decreased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 67.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,550 shares of the company's stock after selling 114,977 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Norwegian Cruise Line were worth $1,053,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NCLH. Versant Capital Management Inc grew its position in shares of Norwegian Cruise Line by 147.7% in the first quarter. Versant Capital Management Inc now owns 1,880 shares of the company's stock valued at $36,000 after purchasing an additional 1,121 shares during the period. Raiffeisen Bank International AG purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at $40,000. Bogart Wealth LLC grew its position in shares of Norwegian Cruise Line by 1,012.0% in the first quarter. Bogart Wealth LLC now owns 2,224 shares of the company's stock valued at $42,000 after purchasing an additional 2,024 shares during the period. LRI Investments LLC purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at $47,000. Finally, CENTRAL TRUST Co grew its position 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 valued at $52,000 after purchasing an additional 2,621 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Stock Down 2.6%

Shares of NCLH traded down $0.65 during midday trading on Tuesday, reaching $24.69. 2,366,285 shares of the company were exchanged, compared to its average volume of 14,208,193. The stock has a 50-day moving average price of $20.93 and a 200-day moving average price of $20.89. The company has a market cap of $11.03 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 1.02 and a beta of 2.24. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.21 and a 1-year high of $29.29. 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 (NYSE:NCLH - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.55 billion. Norwegian Cruise Line had a return on equity of 59.88% and a net margin of 7.52%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 EPS. Research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NCLH shares. Mizuho lifted their price objective on Norwegian Cruise Line from $26.00 to $29.00 and gave the company an "outperform" rating in a research report on Friday. Susquehanna lifted their price objective on Norwegian Cruise Line from $18.00 to $25.00 and gave the company a "neutral" rating in a research report on Friday. Bank of America lifted their price objective on Norwegian Cruise Line from $20.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Melius Research raised Norwegian Cruise Line to a "strong-buy" rating in a research report on Monday, April 21st. Finally, Wall Street Zen raised Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Norwegian Cruise Line currently has an average rating of "Moderate Buy" and a consensus target price of $27.20.

About Norwegian Cruise Line

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.