Insider Selling: Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) CEO Sells 20,000 Shares of Stock

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) CEO Andrew Stuart sold 20,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $54.04, for a total transaction of $1,080,800.00. Following the completion of the transaction, the chief executive officer now directly owns 379,352 shares in the company, valued at approximately $20,500,182.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Andrew Stuart also recently made the following trade(s):

  • On Friday, June 14th, Andrew Stuart sold 22,051 shares of Norwegian Cruise Line stock. The shares were sold at an average price of $54.00, for a total transaction of $1,190,754.00.

Shares of NCLH stock traded down $0.81 during trading on Friday, reaching $51.95. The company’s stock had a trading volume of 1,347,153 shares, compared to its average volume of 2,131,449. The firm’s fifty day moving average is $53.78. Norwegian Cruise Line Holdings Ltd. has a one year low of $39.36 and a one year high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.12. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC raised its position in Norwegian Cruise Line by 27.6% during the first quarter. FMR LLC now owns 245,566 shares of the company’s stock worth $13,497,000 after acquiring an additional 53,190 shares in the last quarter. Horizon Investments LLC bought a new stake in Norwegian Cruise Line during the first quarter worth $208,000. Nordea Investment Management AB raised its position in Norwegian Cruise Line by 5.1% during the first quarter. Nordea Investment Management AB now owns 10,926 shares of the company’s stock worth $601,000 after acquiring an additional 531 shares in the last quarter. Coe Capital Management LLC bought a new stake in Norwegian Cruise Line during the first quarter worth $1,722,000. Finally, Cerebellum GP LLC raised its position in Norwegian Cruise Line by 69.8% during the first quarter. Cerebellum GP LLC now owns 5,961 shares of the company’s stock worth $328,000 after acquiring an additional 2,450 shares in the last quarter. 88.85% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the stock. BidaskClub raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley lifted their price target on shares of Norwegian Cruise Line from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Wells Fargo & Co lifted their price target on shares of Norwegian Cruise Line from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. They noted that the move was a valuation call. Buckingham Research lifted their price target on shares of Norwegian Cruise Line from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, Nomura boosted their price objective on shares of Norwegian Cruise Line from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. Norwegian Cruise Line has a consensus rating of “Buy” and an average target price of $65.00.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

Read More: CBOE Russell 2000® Volatility Index

Insider Buying and Selling by Quarter for Norwegian Cruise Line (NASDAQ:NCLH)

Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.