Brooklyn Investment Group Purchases Shares of 2,732 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Brooklyn Investment Group purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,732 shares of the company’s stock, valued at approximately $56,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. grew its holdings in shares of Norwegian Cruise Line by 25.8% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 15,213 shares of the company’s stock valued at $318,000 after acquiring an additional 3,123 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Norwegian Cruise Line by 12.2% in the 1st quarter. Tidal Investments LLC now owns 18,561 shares of the company’s stock valued at $388,000 after acquiring an additional 2,012 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Norwegian Cruise Line by 170.1% in the 1st quarter. Cetera Investment Advisers now owns 93,155 shares of the company’s stock valued at $1,950,000 after acquiring an additional 58,660 shares in the last quarter. Cetera Advisors LLC grew its holdings in shares of Norwegian Cruise Line by 73.7% in the 1st quarter. Cetera Advisors LLC now owns 29,683 shares of the company’s stock valued at $621,000 after acquiring an additional 12,592 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Norwegian Cruise Line by 129.5% in the 2nd quarter. GAMMA Investing LLC now owns 11,903 shares of the company’s stock valued at $224,000 after acquiring an additional 6,717 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Insider Activity

In other news, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $27.30, for a total value of $1,046,791.20. Following the completion of the sale, the chief accounting officer now directly owns 116,270 shares in the company, valued at approximately $3,174,171. The trade was a 24.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark Kempa sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total transaction of $417,900.00. Following the transaction, the chief financial officer now owns 253,386 shares of the company’s stock, valued at approximately $7,059,333.96. This represents a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,344 shares of company stock worth $2,269,731. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NCLH shares. Tigress Financial raised their price objective on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a report on Monday, November 11th. Barclays raised their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Truist Financial raised their price objective on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, September 26th. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price target on Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Norwegian Cruise Line has a consensus rating of “Hold” and a consensus target price of $27.60.

Norwegian Cruise Line Trading Down 0.1 %

Shares of NCLH stock opened at $26.90 on Friday. The firm has a 50 day moving average price of $24.21 and a two-hundred day moving average price of $19.89. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The company has a market capitalization of $11.83 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 0.30 and a beta of 2.67. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.69 and a 12-month high of $28.11.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period last year, the business posted $0.71 earnings per share. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current year.

Norwegian Cruise Line Profile

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.