M.E. Allison & CO. Inc. Purchases Shares of 79,770 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

M.E. Allison & CO. Inc. purchased a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 79,770 shares of the company’s stock, valued at approximately $2,052,000. Norwegian Cruise Line comprises about 2.2% of M.E. Allison & CO. Inc.’s investment portfolio, making the stock its 8th biggest position.

Several other hedge funds have also added to or reduced their stakes in the business. Avior Wealth Management LLC lifted its holdings in Norwegian Cruise Line by 34.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after purchasing an additional 429 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Norwegian Cruise Line by 2.1% during the third quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock worth $509,000 after buying an additional 500 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Norwegian Cruise Line by 1.1% during the third quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock worth $944,000 after buying an additional 509 shares in the last quarter. Mount Lucas Management LP lifted its holdings in shares of Norwegian Cruise Line by 2.4% during the third quarter. Mount Lucas Management LP now owns 22,055 shares of the company’s stock worth $452,000 after buying an additional 516 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Norwegian Cruise Line by 1.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock worth $918,000 after buying an additional 521 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Insider Buying and Selling at Norwegian Cruise Line

In other Norwegian Cruise Line news, CFO Mark Kempa sold 15,000 shares of the company’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 value of $417,900.00. Following the completion of the transaction, the chief financial officer now directly owns 253,386 shares in the company, valued at approximately $7,059,333.96. This represents a 5.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Andrea Demarco sold 29,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,701,159.04. This trade represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,344 shares of company stock worth $2,269,731. 0.52% of the stock is currently owned by company insiders.

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH opened at $27.20 on Monday. The company has a market cap of $11.96 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 0.24 and a beta of 2.64. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The firm has a 50 day simple moving average of $26.51 and a 200 day simple moving average of $22.17. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.69 and a one year high of $28.64.

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

Wall Street Analysts Forecast Growth

NCLH has been the subject of a number of research reports. Macquarie reissued an “outperform” rating and set a $30.00 target price on shares of Norwegian Cruise Line in a report on Friday. Mizuho lifted their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Argus upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Bank of America upped their price objective on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.