Zacks Investment Management Invests $3.82 Million in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Zacks Investment Management acquired a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 186,276 shares of the company's stock, valued at approximately $3,821,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp grew its position in Norwegian Cruise Line by 4.3% in the 3rd quarter. State Street Corp now owns 15,241,984 shares of the company's stock valued at $312,613,000 after buying an additional 621,793 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Norwegian Cruise Line in the third quarter valued at about $179,146,000. Dimensional Fund Advisors LP increased its stake in shares of Norwegian Cruise Line by 32.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company's stock worth $85,835,000 after acquiring an additional 1,129,770 shares during the period. Two Sigma Advisers LP lifted its position in Norwegian Cruise Line by 864.9% in the third quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company's stock valued at $79,263,000 after purchasing an additional 3,464,100 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Norwegian Cruise Line by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company's stock valued at $71,791,000 after purchasing an additional 94,178 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NCLH has been the subject of a number of analyst reports. Morgan Stanley increased their target price 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. Deutsche Bank Aktiengesellschaft raised their target price on Norwegian Cruise Line from $21.00 to $24.00 and gave the company a "hold" rating in a report on Friday, November 1st. StockNews.com upgraded shares of Norwegian Cruise Line from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. Mizuho raised their price objective on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Barclays upped their target price 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 analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $28.27.

Norwegian Cruise Line Price Performance

NCLH stock traded down $1.73 during trading on Monday, hitting $25.92. The stock had a trading volume of 12,841,307 shares, compared to its average volume of 12,660,936. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $28.64. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 0.31 and a beta of 2.66. The company's 50 day moving average price is $24.90 and its two-hundred day moving average price is $20.35. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.05. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The company'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. On average, sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current fiscal year.

Insider Transactions at Norwegian Cruise Line

In other news, CAO Faye L. Ashby sold 38,344 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 116,270 shares in the company, valued at $3,174,171. This represents a 24.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Andrea Demarco sold 29,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now 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 disclosure for this sale can be found here. Insiders have sold 82,344 shares of company stock worth $2,269,731 over the last quarter. 0.52% of the stock is currently owned by 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.