Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Stock Holdings Increased by HighTower Advisors LLC

HighTower Advisors LLC grew its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 12.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 86,544 shares of the company’s stock after buying an additional 9,309 shares during the quarter. HighTower Advisors LLC’s holdings in Norwegian Cruise Line were worth $1,778,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Norwegian Cruise Line by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock worth $71,791,000 after purchasing an additional 94,178 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Norwegian Cruise Line in the 3rd quarter worth about $615,000. Principal Financial Group Inc. boosted its holdings in shares of Norwegian Cruise Line by 6.2% in the 3rd quarter. Principal Financial Group Inc. now owns 514,087 shares of the company’s stock valued at $10,544,000 after buying an additional 30,182 shares during the period. Mackenzie Financial Corp grew its position in shares of Norwegian Cruise Line by 26.7% during the 2nd quarter. Mackenzie Financial Corp now owns 1,008,327 shares of the company’s stock valued at $18,946,000 after buying an additional 212,787 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in Norwegian Cruise Line by 7.0% during the third quarter. New York State Common Retirement Fund now owns 905,441 shares of the company’s stock worth $18,571,000 after acquiring an additional 59,375 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on NCLH. Bank of America lifted their target price 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. Stifel Nicolaus raised their price target on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, October 4th. Truist Financial lifted their price objective on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. JPMorgan Chase & Co. raised their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, Argus upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. 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 company. Based on data from MarketBeat, Norwegian Cruise Line presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.93.

Norwegian Cruise Line Stock Performance

Shares of NYSE NCLH opened at $26.80 on Friday. The stock’s fifty day simple moving average is $25.56 and its 200 day simple moving average is $20.69. The stock has a market capitalization of $11.78 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 0.31 and a beta of 2.65. 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 issued its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter last year, the business posted $0.71 EPS. Norwegian Cruise Line’s revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current fiscal year.

Insider Activity at Norwegian Cruise Line

In related news, insider Andrea Demarco sold 29,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total transaction of $805,040.00. Following the transaction, the insider now directly owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. The trade was a 22.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Faye L. Ashby sold 38,344 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $27.30, for a total value of $1,046,791.20. Following the sale, the chief accounting officer now owns 116,270 shares of the company’s stock, valued at $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. In the last 90 days, insiders sold 82,344 shares of company stock worth $2,269,731. 0.52% of the stock is owned by corporate insiders.

About Norwegian Cruise Line

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.