Wedmont Private Capital Buys 1,038 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Wedmont Private Capital increased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 7.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,653 shares of the company’s stock after purchasing an additional 1,038 shares during the quarter. Wedmont Private Capital’s holdings in Norwegian Cruise Line were worth $378,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Prestige Wealth Management Group LLC lifted its stake in Norwegian Cruise Line by 192.3% in 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 raised its holdings in shares of Norwegian Cruise Line by 34.1% in the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after buying an additional 429 shares during the period. Blue Trust Inc. lifted its stake in shares of Norwegian Cruise Line by 489.8% during the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after acquiring an additional 1,817 shares during the last quarter. Brooklyn Investment Group purchased a new position in Norwegian Cruise Line during the 3rd quarter valued at $56,000. Finally, Huntington National Bank grew its position in Norwegian Cruise Line by 173.1% in the 3rd quarter. Huntington National Bank now owns 3,504 shares of the company’s stock valued at $72,000 after acquiring an additional 2,221 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Price Performance

Shares of Norwegian Cruise Line stock opened at $26.00 on Thursday. 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 $11.43 billion, a P/E ratio of 23.85, a PEG ratio of 0.30 and a beta of 2.64. The firm’s 50 day moving average price is $26.56 and its 200-day moving average price is $22.01. 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 released its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.05. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 earnings per share. On average, sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NCLH has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their target price for the company from $29.00 to $35.00 in a research note on Tuesday, December 10th. Tigress Financial boosted 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 report on Monday, November 11th. Morgan Stanley raised their target price on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Bank of America raised their price objective on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 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 given a strong buy rating to the stock. According to MarketBeat, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and an average target price of $29.27.

Insider Activity at Norwegian Cruise Line

In other news, insider Andrea Demarco sold 29,000 shares of the business’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 sale, the insider now directly owns 97,304 shares of the company’s stock, valued at $2,701,159.04. The trade was a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the chief accounting officer now directly owns 116,270 shares in the company, valued at approximately $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. Insiders have sold 82,344 shares of company stock valued at $2,269,731 in the last ninety days. Corporate insiders own 0.52% of the company’s stock.

Norwegian Cruise Line 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.