Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management Inc. reduced its stake in Norwegian Cruise Line Holdings by 72.7% during the first quarter, now owning 150,573 shares valued at approximately $2.85 million.
• Multiple institutional investors have increased their holdings in Norwegian Cruise Line, with notable increases including 99.0% by Two Sigma Advisers LP and 113.1% by Renaissance Technologies LLC.
• Norwegian Cruise Line has a consensus rating of "Moderate Buy" from analysts, with an average price target of $25.75.

Envestnet Asset Management Inc. decreased its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 72.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 150,573 shares of the company's stock after selling 401,332 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Norwegian Cruise Line were worth $2,855,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NCLH. Capital International Investors raised its holdings in shares of Norwegian Cruise Line by 11.2% during the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company's stock valued at $1,420,159,000 after acquiring an additional 5,557,951 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Norwegian Cruise Line by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company's stock valued at $277,399,000 after acquiring an additional 270,434 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Norwegian Cruise Line by 99.0% during the fourth quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock valued at $197,843,000 after acquiring an additional 3,824,600 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Norwegian Cruise Line by 113.1% during the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company's stock valued at $143,502,000 after acquiring an additional 2,959,631 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Norwegian Cruise Line by 16.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,491,644 shares of the company's stock valued at $115,570,000 after acquiring an additional 642,380 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

Norwegian Cruise Line Stock Up 10.6%

NYSE:NCLH traded up $2.48 during midday trading on Thursday, reaching $25.88. The company had a trading volume of 21,571,891 shares, compared to its average volume of 14,078,381. The firm has a market capitalization of $11.56 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 0.98 and a beta of 2.13. The stock's fifty day simple moving average is $20.47 and its 200-day simple moving average is $20.98. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 9.09.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. The business had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.15 billion. During the same period last year, the firm earned $0.16 earnings per share. The firm's quarterly revenue was down 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NCLH shares. Barclays increased their target price on Norwegian Cruise Line from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Northcoast Research initiated coverage on Norwegian Cruise Line in a research report on Friday, April 25th. They issued a "buy" rating and a $21.00 price target for the company. Loop Capital dropped their price target on Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wall Street Zen upgraded Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Melius Research upgraded Norwegian Cruise Line to a "strong-buy" rating in a research report on Monday, April 21st. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.75.

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.