Artemis Investment Management LLP Makes New Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Artemis Investment Management LLP acquired a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 91,572 shares of the company's stock, valued at approximately $2,356,000.

Several other institutional investors have also modified their holdings of NCLH. Zacks Investment Management purchased a new position in Norwegian Cruise Line in the third quarter valued at approximately $3,821,000. Hodges Capital Management Inc. boosted its holdings in shares of Norwegian Cruise Line by 1.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company's stock valued at $31,678,000 after buying an additional 23,075 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of 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 buying an additional 94,178 shares during the last quarter. Y Intercept Hong Kong Ltd raised its stake in Norwegian Cruise Line by 1,104.7% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 178,603 shares of the company's stock worth $3,663,000 after acquiring an additional 163,777 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in Norwegian Cruise Line in the third quarter valued at $615,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Up 2.9 %

NYSE NCLH opened at $27.20 on Monday. 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 stock has a market capitalization of $11.96 billion, a P/E ratio of 24.95, a P/E/G ratio of 0.24 and a beta of 2.64. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.69 and a 52-week high of $28.64. The firm has a 50-day moving average price of $26.51 and a 200 day moving average price of $22.20.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.81 billion during the quarter, compared to analysts' expectations of $2.77 billion. During the same period last year, the firm earned $0.71 EPS. The company's quarterly revenue was up 10.7% compared to the same quarter last year. Equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current year.

Analyst Upgrades and Downgrades

NCLH has been the topic of several research reports. Truist Financial raised their price objective on Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. The Goldman Sachs Group upgraded Norwegian Cruise Line from a "neutral" rating to a "buy" rating and raised their price target for the stock from $29.00 to $35.00 in a research note on Tuesday, December 10th. Bank of America boosted their price objective 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. Tigress Financial raised their target price on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a "strong-buy" rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company upped 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $29.27.

Insiders Place Their Bets

In other Norwegian Cruise Line news, insider Andrea Demarco sold 29,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were 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 in the company, valued at approximately $2,701,159.04. This represents a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mark Kempa sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total value of $417,900.00. Following the sale, the chief financial officer now directly owns 253,386 shares in the company, valued at $7,059,333.96. This trade represents a 5.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,344 shares of company stock worth $2,269,731. 0.52% of the stock is owned by corporate insiders.

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.