Baillie Gifford & Co. Invests $179.15 Million in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Baillie Gifford & Co. acquired a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,734,579 shares of the company's stock, valued at approximately $179,146,000. Baillie Gifford & Co. owned 1.99% of Norwegian Cruise Line at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Transcendent Capital Group LLC acquired a new stake in Norwegian Cruise Line during the first quarter worth $27,000. Sentry Investment Management LLC bought a new position in shares of Norwegian Cruise Line during the 2nd quarter worth about $39,000. Blue Trust Inc. boosted its position 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 valued at $41,000 after acquiring an additional 1,817 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in Norwegian Cruise Line in the third quarter worth about $78,000. Finally, Quarry LP lifted its stake in Norwegian Cruise Line by 419.1% during the second quarter. Quarry LP now owns 5,669 shares of the company's stock worth $107,000 after purchasing an additional 4,577 shares during the period. 69.58% of the stock is currently owned by institutional investors.

Norwegian Cruise Line Trading Down 0.1 %

NCLH traded down $0.03 during midday trading on Tuesday, reaching $27.79. 5,310,890 shares of the company were exchanged, compared to its average volume of 12,866,082. The stock's 50-day simple moving average is $21.94 and its 200 day simple moving average is $18.95. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.87 and a one year high of $28.00. The stock has a market capitalization of $12.22 billion, a P/E ratio of 25.52, a PEG ratio of 0.28 and a beta of 2.67. 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 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. The company had revenue of $2.81 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. As a group, analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Norwegian Cruise Line news, 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 transaction of $1,046,791.20. Following the sale, the chief accounting officer now directly owns 116,270 shares of the company's stock, valued at approximately $3,174,171. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Faye L. Ashby sold 38,344 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was 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 owns 116,270 shares in the company, valued at approximately $3,174,171. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the transaction, the insider now owns 97,304 shares in the company, valued at $2,701,159.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,344 shares of company stock valued at $2,269,731. Company insiders own 0.52% of the company's stock.

Analyst Ratings Changes

NCLH has been the topic of several analyst reports. Bank of America upped their price objective on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a "neutral" rating in a research note on Tuesday, July 23rd. Stifel Nicolaus increased their price objective on Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Citigroup upgraded shares of Norwegian Cruise Line from a "neutral" rating to a "buy" rating and boosted their target price for the company from $20.00 to $30.00 in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a "hold" rating in a research report on Friday, November 1st. Finally, Argus raised Norwegian Cruise Line from a "hold" rating to a "buy" rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Norwegian Cruise Line presently has a consensus rating of "Hold" and a consensus price target of $27.20.

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.