SG Americas Securities LLC Sells 24041 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

31 Mar 2024

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SG Americas Securities LLC Sells 24041 Shares of Norwegian Cruise Line
Holdings Ltd NYSENCLH

SG Americas Securities LLC lowered its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Free Report) by 31.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 53,116 shares of the company’s stock after selling 24,041 shares dur

SG Americas Securities LLC lowered its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Free Report) by 31.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 53,116 shares of the company’s stock after selling 24,041 shares during the quarter. SG Americas Securities LLC’s holdings in Norwegian Cruise Line were worth $1,064,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Covestor Ltd raised its position in shares of Norwegian Cruise Line by 5,020.8% during the first quarter. Covestor Ltd now owns 1,229 shares of the company’s stock worth $27,000 after purchasing an additional 1,205 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Norwegian Cruise Line by 272.7% during the first quarter. Parkside Financial Bank & Trust now owns 1,856 shares of the company’s stock valued at $40,000 after acquiring an additional 1,358 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its holdings in Norwegian Cruise Line by 46.2% during the second quarter. Stonebridge Capital Advisors LLC now owns 1,900 shares of the company’s stock worth $41,000 after acquiring an additional 600 shares during the period. Householder Group Estate & Retirement Specialist LLC purchased a new position in Norwegian Cruise Line in the third quarter worth $42,000. Finally, Larson Financial Group LLC grew its stake in Norwegian Cruise Line by 38.0% in the 3rd quarter. Larson Financial Group LLC now owns 3,574 shares of the company’s stock valued at $59,000 after purchasing an additional 984 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NCLH shares. Truist Financial lifted their target price on Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, March 1st. Mizuho started coverage on Norwegian Cruise Line in a report on Tuesday, March 26th. They issued a “neutral” rating and a $21.00 price objective for the company. Morgan Stanley upped their price objective on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Tuesday, March 5th. Citigroup cut their price objective on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, February 12th. Finally, Barclays lifted their target price on Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.93.

Read Our Latest Analysis on Norwegian Cruise Line

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $20.93 on Friday. The firm’s fifty day simple moving average is $18.38 and its 200 day simple moving average is $17.09. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $12.41 and a twelve month high of $22.75. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 40.94. The stock has a market cap of $8.91 billion, a P/E ratio of 74.75, a price-to-earnings-growth ratio of 0.44 and a beta of 2.59.

Norwegian Cruise Line (NYSE:NCLH – Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Norwegian Cruise Line had a return on equity of 108.69% and a net margin of 1.94%. During the same period in the previous year, the company earned ($1.10) earnings per share. As a group, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 0.99 EPS for the current year.

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.