Bank of Montreal Can Has $19.30 Million Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Bank of Montreal Can grew its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 17.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 921,356 shares of the company's stock after acquiring an additional 137,584 shares during the quarter. Bank of Montreal Can owned about 0.21% of Norwegian Cruise Line worth $19,302,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Daiwa Securities Group Inc. lifted its stake in shares of Norwegian Cruise Line by 37.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 63,599 shares of the company's stock worth $1,304,000 after acquiring an additional 17,330 shares during the period. Cerity Partners LLC lifted its position in Norwegian Cruise Line by 400.8% in the third quarter. Cerity Partners LLC now owns 167,194 shares of the company's stock worth $3,429,000 after purchasing an additional 133,810 shares during the period. Great Valley Advisor Group Inc. boosted its stake in Norwegian Cruise Line by 7.8% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 16,892 shares of the company's stock valued at $346,000 after purchasing an additional 1,218 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Norwegian Cruise Line by 2.8% during 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 during the period. Finally, Avior Wealth Management LLC raised its stake in shares of Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company's stock worth $35,000 after buying an additional 429 shares in the last quarter. Institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Stock Down 0.1 %

NYSE:NCLH traded down $0.03 on Friday, hitting $26.89. 3,368,308 shares of the company's stock traded hands, compared to its average volume of 10,160,381. The firm has a 50-day moving average price of $24.21 and a 200-day moving average price of $19.95. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The company has a market cap of $11.82 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 0.30 and a beta of 2.67. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.69 and a 1 year high of $28.11.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.05. The firm 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 company's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS. Equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current fiscal year.

Analysts Set New Price Targets

NCLH has been the topic of a number of research analyst reports. Mizuho lifted their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Macquarie lifted their price objective on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Barclays boosted 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 report on Friday, November 1st. Argus upgraded shares of Norwegian Cruise Line from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Finally, Truist Financial upped their price target on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Norwegian Cruise Line presently has an average rating of "Hold" and a consensus target price of $27.60.

Insider Buying and Selling

In related news, insider Andrea Demarco sold 29,000 shares of the company's 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 sale, 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 document filed with the SEC, which is accessible through this link. Also, CFO Mark Kempa sold 15,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total value of $417,900.00. Following the transaction, the chief financial officer now owns 253,386 shares in the company, valued at approximately $7,059,333.96. This trade represents a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,344 shares of company stock worth $2,269,731. 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.