8,043 Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Purchased by CX Institutional

CX Institutional purchased a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 8,043 shares of the company’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NCLH. Mercer Global Advisors Inc. ADV increased its stake in Norwegian Cruise Line by 5.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 13,713 shares of the company’s stock valued at $258,000 after acquiring an additional 747 shares during the period. AE Wealth Management LLC bought a new position in Norwegian Cruise Line during the second quarter valued at about $196,000. Sei Investments Co. increased its stake in Norwegian Cruise Line by 13.9% during the second quarter. Sei Investments Co. now owns 148,647 shares of the company’s stock valued at $2,793,000 after acquiring an additional 18,167 shares during the period. Public Sector Pension Investment Board increased its stake in Norwegian Cruise Line by 13.9% during the second quarter. Public Sector Pension Investment Board now owns 72,699 shares of the company’s stock valued at $1,366,000 after acquiring an additional 8,858 shares during the period. Finally, AXA S.A. bought a new position in Norwegian Cruise Line during the second quarter valued at about $962,000. 69.58% of the stock is currently owned by institutional investors.

Norwegian Cruise Line Stock Performance

NCLH stock opened at $25.68 on Monday. The business’s fifty day moving average is $26.44 and its 200-day moving average is $22.47. 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 cap of $11.29 billion, a P/E ratio of 23.56, a price-to-earnings-growth ratio of 0.24 and a beta of 2.64. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.69 and a twelve month high of $28.64.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.71 EPS. Equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.5 EPS for the current year.

Insider Activity

In related news, 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 in the company, valued at $3,174,171. This represents a 24.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Andrea Demarco sold 29,000 shares of the company’s 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 sale, the insider now owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. This represents a 22.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,344 shares of company stock valued at $2,269,731 in the last 90 days. 0.52% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NCLH has been the topic of several research reports. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Macquarie reiterated an “outperform” rating and issued a $30.00 price objective on shares of Norwegian Cruise Line in a research note on Friday, January 17th. The Goldman Sachs Group upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price objective for the company from $29.00 to $35.00 in a research note on Tuesday, December 10th. Stifel Nicolaus upped their price objective on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, Barclays upgraded Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $28.00 to $32.00 in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.27.

Norwegian Cruise Line Company 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.