MML Investors Services LLC Increases Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

MML Investors Services LLC grew its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 16.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,439 shares of the company’s stock after acquiring an additional 2,404 shares during the period. MML Investors Services LLC’s holdings in Norwegian Cruise Line were worth $358,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Avior Wealth Management LLC grew its holdings in Norwegian Cruise Line by 34.1% during the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after acquiring an additional 429 shares during the period. Sentry Investment Management LLC acquired a new position in shares of Norwegian Cruise Line during the 2nd quarter worth $39,000. Blue Trust Inc. increased its holdings in shares of Norwegian Cruise Line by 489.8% in the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after purchasing an additional 1,817 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Norwegian Cruise Line in the third quarter valued at about $56,000. Finally, Huntington National Bank boosted its holdings 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 buying an additional 2,221 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Trading Up 1.1 %

Shares of Norwegian Cruise Line stock opened at $26.42 on Wednesday. The firm has a market cap of $11.62 billion, a PE ratio of 24.24, a P/E/G ratio of 0.30 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 fifty-two week low of $14.69 and a fifty-two week high of $28.64. The business’s fifty day moving average is $26.02 and its two-hundred day moving average is $21.09.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.05. The firm 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 revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. Analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Faye L. Ashby sold 38,344 shares of the stock in a transaction on 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 transaction, the chief accounting officer now directly owns 116,270 shares of the company’s stock, valued at approximately $3,174,171. This trade represents a 24.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total value of $805,040.00. Following the completion of the transaction, the insider now owns 97,304 shares in the company, valued at $2,701,159.04. The trade was a 22.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,344 shares of company stock valued at $2,269,731. Insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NCLH shares. Wells Fargo & Company lifted their price target on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Citigroup upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $20.00 to $30.00 in a research report on Wednesday, October 9th. Macquarie raised their price target on Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Morgan Stanley lifted their price target on Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Finally, Tigress Financial increased their price objective on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.