Van ECK Associates Corp Grows Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Van ECK Associates Corp raised its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHFree Report) by 7.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 252,845 shares of the company’s stock after purchasing an additional 16,439 shares during the quarter. Van ECK Associates Corp’s holdings in Norwegian Cruise Line were worth $5,186,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Transcendent Capital Group LLC purchased a new stake in shares of Norwegian Cruise Line in the first quarter worth about $27,000. Sentry Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line in the second quarter worth about $39,000. Blue Trust Inc. lifted its holdings in shares of Norwegian Cruise Line by 489.8% in 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 in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Norwegian Cruise Line in the third quarter worth about $78,000. Finally, Quarry LP lifted its holdings in shares of Norwegian Cruise Line by 419.1% in the second quarter. Quarry LP now owns 5,669 shares of the company’s stock worth $107,000 after buying an additional 4,577 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Faye L. Ashby sold 38,344 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $27.30, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CAO Faye L. Ashby sold 38,344 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $27.30, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Andrea Demarco sold 29,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was 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 directly owns 97,304 shares of the company’s stock, valued at $2,701,159.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NCLH has been the topic of a number of recent analyst reports. Argus raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. upped their price objective on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Wells Fargo & Company upped their price objective on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Tigress Financial restated a “strong-buy” rating and issued a $32.00 price objective on shares of Norwegian Cruise Line in a research report on Friday, August 9th. Finally, Barclays upped their price objective on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $26.47.

Get Our Latest Report on Norwegian Cruise Line

Norwegian Cruise Line Stock Up 1.0 %

Shares of NYSE NCLH opened at $27.32 on Friday. The stock has a market capitalization of $12.01 billion, a P/E ratio of 25.06, a PEG ratio of 0.29 and a beta of 2.67. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.70 and a one year high of $27.93. 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’s 50 day simple moving average is $21.55 and its two-hundred day simple moving average is $18.83.

Norwegian Cruise Line (NYSE:NCLHGet Free Report) last released its quarterly earnings data 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 firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 earnings per share. As a group, analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current fiscal year.

Norwegian Cruise Line Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Norwegian Cruise Line (NYSE:NCLH)

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