Deseret Mutual Benefit Administrators Sells 1,404 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

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Deseret Mutual Benefit Administrators lessened its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 32.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,883 shares of the company’s stock after selling 1,404 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Norwegian Cruise Line were worth $77,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC grew its stake in shares of Norwegian Cruise Line by 27.6% in the first quarter. FMR LLC now owns 245,566 shares of the company’s stock worth $13,497,000 after purchasing an additional 53,190 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Norwegian Cruise Line by 40.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,287 shares of the company’s stock worth $303,000 after purchasing an additional 2,960 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Norwegian Cruise Line by 14.3% in the second quarter. Envestnet Asset Management Inc. now owns 42,602 shares of the company’s stock worth $1,253,000 after purchasing an additional 5,337 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Norwegian Cruise Line by 32.2% in the second quarter. Teacher Retirement System of Texas now owns 46,895 shares of the company’s stock worth $1,379,000 after purchasing an additional 11,421 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Norwegian Cruise Line by 12.1% in the second quarter. US Bancorp DE now owns 20,033 shares of the company’s stock worth $589,000 after purchasing an additional 2,166 shares during the last quarter. 51.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE NCLH opened at $20.74 on Friday. The firm’s 50-day moving average price is $23.10 and its 200-day moving average price is $25.24. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $17.78 and a 1-year high of $34.49. The firm has a market capitalization of $7.67 billion, a P/E ratio of -1.90 and a beta of 2.70. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 4.12.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Wednesday, November 3rd. The company reported ($2.17) earnings per share for the quarter, missing the consensus estimate of ($2.11) by ($0.06). Norwegian Cruise Line had a negative net margin of 2,158.84% and a negative return on equity of 74.83%. The company had revenue of $153.08 million for the quarter, compared to analyst estimates of $172.30 million. During the same quarter in the prior year, the company posted ($2.35) EPS. Norwegian Cruise Line’s revenue for the quarter was up 2248.6% on a year-over-year basis. Equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post -8.3 EPS for the current year.

Several analysts recently weighed in on the stock. Berenberg Bank boosted their price objective on shares of Norwegian Cruise Line from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Thursday, November 11th. They noted that the move was a valuation call. Citigroup assumed coverage on shares of Norwegian Cruise Line in a research note on Monday, October 25th. They issued a “buy” rating and a $39.00 price objective on the stock. Wedbush boosted their target price on shares of Norwegian Cruise Line from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, November 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company a “hold” rating in a report on Friday, November 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $31.92.

Norwegian Cruise Line Profile

Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in North America, Mediterranean, Baltic, Central America, Bermuda and Caribbean. It also offers an entirely inter-island itinerary in Hawaii. Its brands include Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises.

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