Wedge Capital Management L L P NC Buys Shares of 1,708,340 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Wedge Capital Management L L P NC purchased a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,708,340 shares of the company’s stock, valued at approximately $43,956,000. Wedge Capital Management L L P NC owned 0.39% of Norwegian Cruise Line at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Prestige Wealth Management Group LLC lifted its stake in Norwegian Cruise Line by 192.3% during the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock worth $25,000 after purchasing an additional 800 shares during the last quarter. Avior Wealth Management LLC increased its stake in shares of Norwegian Cruise Line by 34.1% in 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. Blue Trust Inc. boosted its stake in Norwegian Cruise Line by 489.8% in the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after buying an additional 1,817 shares in the last quarter. Brooklyn Investment Group bought a new position in Norwegian Cruise Line in the third quarter valued at about $56,000. Finally, Huntington National Bank raised its stake in 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 acquiring an additional 2,221 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

Shares of NCLH opened at $27.20 on Friday. The firm’s fifty day simple moving average is $26.51 and its two-hundred day simple moving average is $22.07. 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 current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The stock has a market capitalization of $11.96 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 0.24 and a beta of 2.64.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Thursday, October 31st. The company reported $0.99 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 business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. As a group, analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current year.

Insider Activity

In other Norwegian Cruise Line news, CFO Mark Kempa sold 15,000 shares of the business’s 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 in the company, valued at approximately $7,059,333.96. The trade was a 5.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Faye L. Ashby sold 38,344 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the completion of the transaction, the chief accounting officer now directly owns 116,270 shares in the company, valued at $3,174,171. This trade represents a 24.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,344 shares of company stock worth $2,269,731 in the last quarter. 0.52% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Morgan Stanley upped their price target on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. Stifel Nicolaus raised their price objective on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, October 4th. Tigress Financial upped their target price on Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a report on Monday, November 11th. Finally, Bank of America lifted their price target on Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.