Kovitz Investment Group Partners LLC Invests $277,000 in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Kovitz Investment Group Partners LLC bought a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,514 shares of the company’s stock, valued at approximately $277,000.

Other large investors also recently modified their holdings of the company. Avior Wealth Management LLC lifted its position in shares of Norwegian Cruise Line by 34.1% during the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after purchasing an additional 429 shares in the last quarter. Sentry Investment Management LLC acquired a new position in shares of Norwegian Cruise Line during the second quarter worth approximately $39,000. Blue Trust Inc. raised its stake in shares of Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after buying an additional 1,817 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Norwegian Cruise Line during the third quarter worth approximately $56,000. Finally, Huntington National Bank raised its stake in shares of Norwegian Cruise Line by 173.1% during the third quarter. Huntington National Bank now owns 3,504 shares of the company’s stock worth $72,000 after buying an additional 2,221 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NCLH shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Mizuho boosted their price target on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Argus raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Truist Financial boosted their price target on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.93.

Norwegian Cruise Line Stock Down 0.0 %

Shares of NCLH stock opened at $26.80 on Friday. The firm has a fifty day moving average of $25.56 and a 200-day moving average of $20.67. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.69 and a 12-month high of $28.64. The company has a market capitalization of $11.78 billion, a price-to-earnings ratio of 24.59, a P/E/G ratio of 0.31 and a beta of 2.65.

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 company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year. As a group, equities research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current fiscal year.

Insider Transactions at Norwegian Cruise Line

In related news, insider Andrea Demarco sold 29,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total transaction of $805,040.00. Following the completion of the transaction, the insider now owns 97,304 shares in the company, valued at approximately $2,701,159.04. This represents a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of the stock in a transaction 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 82,344 shares of company stock valued at $2,269,731 over the last quarter. Corporate insiders own 0.52% of the company’s stock.

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.