Tower Research Capital LLC TRC, a prominent institutional investor, has reduced its holdings in Norwegian Cruise Line Holdings Ltd. by 82.8% in the first quarter of this year. According to the latest Form 13F filing with the Securities & Exchange Commission, Tower Research Capital LLC TRC now owns 10,873 shares of the company’s stock after selling 52,434 shares during the period. As of the most recent SEC filing, these holdings are valued at $146,000.
This news comes as Norwegian Cruise Line announces some significant transactions involving its key executives. The Chief Financial Officer (CFO), Mark Kempa, recently sold 4,700 shares of the firm’s stock on June 2nd at an average price of $16.04 per share. This transaction resulted in a total value of $75,388. Following this sale, Kempa now holds approximately 241,021 shares of Norwegian Cruise Line stock, valued at around $3,865,976.84.
Additionally, Chief Accounting Officer (CAO) Faye L. Ashby sold 15,811 shares of the company’s stock on June 13th at an average price of $19.45 per share. The transaction amounted to a total value of $307,523.95. After this sale, Ashby retains ownership of approximately 174,619 shares of Norwegian Cruise Line stock worth around $3,396,339.55.
It is worth noting that CFO Mark Kempa made another significant sale on June 2nd when he disposed of an additional 4,700 shares at an average price of $16.04 per share again resulting in a total transaction amounting to $75,388.
These insider transactions have been disclosed through filings with the SEC and can be accessed through their respective links provided above for further reference.
Insiders within Norwegian Cruise Line have reportedly sold a total of 358,511 shares of company stock, with an estimated combined worth of $6,654,392 over the last ninety days. This represents approximately 0.87% of the total stock ownership by insiders.
Investors and industry enthusiasts are closely monitoring these recent developments within Norwegian Cruise Line as they may provide insights into the company’s financial performance and future prospects. In light of the changes in Tower Research Capital LLC TRC’s holdings and the insider transactions involving key executives, it will be interesting to observe any potential impact on Norwegian Cruise Line’s stock value and overall market standing going forward.
As always, investors are encouraged to exercise caution and conduct their own comprehensive research before making any investment decisions based on this news.
Analysis of Recent Changes and Mixed Perceptions around Norwegian Cruise Line Holdings Ltd.
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has recently seen changes in the positions of several large investors, causing both perplexity and bustiness within the market. Covestor Ltd, for example, experienced a whopping 5,020.8% increase in its position in shares of Norwegian Cruise Line during the first quarter. The company now possesses 1,229 shares valued at $27,000 after acquiring an additional 1,205 shares in the last quarter.
Similarly, Private Trust Co. NA witnessed a growth of 658.2% in its holdings during the same period. With an additional 2,047 shares acquired in the past few months, Private Trust Co. NA now owns 2,358 shares worth $32,000.
Furthermore, Heritage Wealth Management LLC augmented its holdings in Norwegian Cruise Line by a staggering 100.0% during the fourth quarter of last year. The company’s stock is currently valued at $33,000 after buying an extra 1,330 shares.
Parkside Financial Bank & Trust experienced impressive growth as well – to be precise – a striking increase of 272.7% during the first quarter of this year. Possessing an additional 1,358 shares valued at $40,000 since their most recent acquisition.
Moreover,Piershale Financial Group Inc., acquired a new stake in Norwegian Cruise Line during the first quarter that was valued at $45,000.
Institutional investors and hedge funds are not lagging behind either as they own approximately 60.49%of the company’s stock.
A myriad of research analysts have also contributed their perspectives on NCLH with Barclays lowering their price target on its shares from $22 to $21 while maintaining an “equal weight” rating for the company earlier this month.They were followed by Truist Financial analysts who downgraded Norwegian Cruise Line from a “buy” rating to a “hold” rating, simultaneously increasing their price objective from $17.00 to $23.00 in a statement released on July 18th.
UBS Group seems to have had a more optimistic outlook on Norwegian Cruise Line as they increased their price objective to $17.00 and gave the company a “neutral” rating in an assessment conducted last month.
Additionally, StockNews.com began its coverage of Norwegian Cruise Line, slotting it under the “Hold” category while JPMorgan Chase & Co. raised its price objective from $15.00 to $16.00 back in June.
According to Bloomberg.com’s analysis, the average rating for Norwegian Cruise Line presently stands at “Hold,”with an average price target of $18.88.
Shares of NYSE:NCLH opened at $16.54 on Thursday, with the company boasting a market cap of $7.04 billion and offering an attractive PE ratio of -8.19 along with a promising beta value of 2.59.
The company’s 50-day moving average price is $19.48 and its 200-day moving average stands at $16.32.Norwegian Cruise Line Holdings Ltd.’s stock has observed both highs and lows over the past year.The high for this period amountedto$22.75 while the low hit$10.83.
On August 1st, Norwegian Cruise Line released its quarterly earnings data which exceeded analysts’ expectations.The company reported earnings per share (EPS) of $0.30 for the quarter, surpassing the consensus estimate of $0.27 by an impressive margin.The firm also recorded revenueof$2.21 billion compared totheconsensus forecastof$2.
Norwegian Cruise Line credits this success to various strategic measures that were implemented during this time.In addition, the company experienced a substantial increase in quarterly revenue—85.8% higher than the same quarter last year.
Although Norwegian Cruise Line had previously reported a negative net margin of 11.88%, the recent surge in revenue highlights a positive trend for the company and portrays potential growth moving forward.
Sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post earnings per share of 0.54 for the current fiscal year.
Considering all these developments, it is evident that Norwegian Cruise Line Holdings Ltd. has attracted significant attention from investors and analysts alike. It remains to be seen how these recent changes will affect the company’s trajectory in the long run, but for now, there seems to be a mixed perception among experts regarding its future performance.