Deltec Asset Management Sells Norwegian Cruise Line Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 8h ago
0mins
Source: NASDAQ.COM
- Share Sale Details: Deltec Asset Management sold 146,667 shares of Norwegian Cruise Line Holdings in Q4, with an estimated trade value of $3.10 million, reflecting ongoing market pressure on the stock.
- Position Value Decline: This sale reduced Deltec's quarter-end position in Norwegian Cruise Line to $7.67 million, a decrease of $4.41 million, highlighting the impact of stock price fluctuations on the investment portfolio.
- Market Performance Analysis: As of January 28, Norwegian Cruise Line shares were priced at $20.79, down 26.9% over the past year, significantly underperforming the S&P 500 by 41.9 percentage points, indicating substantial market challenges.
- Financial Health Status: Despite Norwegian Cruise Line's Q3 revenue reaching $2.9 billion, a 5% year-over-year increase, its net debt stood at $14.4 billion with a net leverage of 5.4 times adjusted EBITDA, revealing vulnerabilities in its financial structure.
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Analyst Views on NCLH
Wall Street analysts forecast NCLH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NCLH is 26.77 USD with a low forecast of 20.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
8 Buy
5 Hold
0 Sell
Moderate Buy
Current: 20.790
Low
20.00
Averages
26.77
High
40.00
Current: 20.790
Low
20.00
Averages
26.77
High
40.00
About NCLH
Norwegian Cruise Line Holdings Ltd. is a global cruise company. The Company operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. With a combined fleet of 32 ships and over 66,500 berths, it offers itineraries to over 700 destinations worldwide. Its brands offer itineraries to worldwide destinations, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. All its brands offer an assortment of features, amenities and activities, including a variety of accommodations, multiple dining venues, bars and lounges, spa, casino and retail shopping areas and numerous entertainment choices. All brands also offer a selection of shore excursions at each port of call, as well as air transportation and hotel packages for stays before or after a voyage. Norwegian’s ships cater to a variety of travelers with up to 20 dining options. Oceania Cruises offers onboard dining, with multiple open-seating dining venues.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Deltec Asset Management Sells Shares of Norwegian Cruise Line Holdings
- Transaction Overview: On January 29, Deltec Asset Management reported selling 146,667 shares of Norwegian Cruise Line Holdings, with an estimated transaction value of $3.10 million, indicating a cautious outlook on the company's future performance.
- Position Change: Following this sale, Norwegian Cruise Line Holdings now constitutes only 1.27% of Deltec's 13F U.S. equity AUM, reflecting a diminished significance in its investment portfolio.
- Financial Performance: Despite Norwegian Cruise Line achieving a record revenue of $2.9 billion in the latest quarterly report, a 5% year-over-year increase, its net debt stands at approximately $14.4 billion with a net leverage ratio of 5.4, highlighting financial vulnerabilities.
- Market Performance Comparison: As of January 28, Norwegian Cruise Line's shares were priced at $20.79, down 26.9% over the past year, significantly underperforming the S&P 500 by 41.9 percentage points, reflecting market concerns regarding its growth prospects.
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