Harbor Capital Advisors Inc. Makes New Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Harbor Capital Advisors Inc. acquired a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the fourth quarter, Holdings Channel.com reports. The fund acquired 220,621 shares of the company’s stock, valued at approximately $5,677,000.

Other institutional investors have also recently made changes to their positions in the company. Baillie Gifford & Co. acquired a new stake in shares of Norwegian Cruise Line during the third quarter worth $179,146,000. Two Sigma Advisers LP grew its stake in Norwegian Cruise Line by 864.9% during the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock valued at $79,263,000 after purchasing an additional 3,464,100 shares during the last quarter. Columbus Hill Capital Management L.P. acquired a new position in shares of Norwegian Cruise Line in the second quarter valued at about $23,479,000. Dimensional Fund Advisors LP raised its stake in shares of Norwegian Cruise Line by 32.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after purchasing an additional 1,129,770 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Norwegian Cruise Line during the second quarter worth about $15,213,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Insider Buying and Selling

In other Norwegian Cruise Line news, insider Andrea Demarco sold 29,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total value of $805,040.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Faye L. Ashby sold 38,344 shares of the company’s stock in a transaction 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 owns 116,270 shares of the company’s stock, valued at approximately $3,174,171. The trade was a 24.80 % 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. 0.52% of the stock is owned by corporate insiders.

Norwegian Cruise Line Stock Performance

NCLH opened at $25.78 on Friday. The company has a market cap of $11.34 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 0.30 and a beta of 2.64. The firm’s fifty day simple moving average is $26.55 and its two-hundred day simple moving average is $21.87. 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 52-week low of $14.69 and a 52-week high of $28.64.

Norwegian Cruise Line (NYSE:NCLH) last posted 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 return on equity of 99.31% and a net margin of 5.87%. The company had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the previous year, the firm posted $0.71 EPS. Norwegian Cruise Line’s revenue was up 10.7% compared to the same quarter last year. Equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on NCLH shares. Tigress Financial raised their price target on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 11th. Mizuho boosted their target price on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $29.00 to $35.00 in a report on Tuesday, December 10th. Finally, Bank of America raised their target price on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Norwegian Cruise Line presently has an average rating of “Moderate Buy” and a consensus price target of $29.27.

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.