Blueshift Asset Management LLC Invests $1.26 Million in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Blueshift Asset Management LLC purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 61,305 shares of the company's stock, valued at approximately $1,257,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. bought a new position in shares of Norwegian Cruise Line during the third quarter valued at approximately $179,146,000. Columbus Hill Capital Management L.P. bought a new stake in shares of Norwegian Cruise Line during the second quarter worth $23,479,000. Dimensional Fund Advisors LP boosted 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 valued at $85,835,000 after purchasing an additional 1,129,770 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Norwegian Cruise Line in the second quarter worth about $15,213,000. Finally, ING Groep NV increased its stake in Norwegian Cruise Line by 1,340.3% in the 3rd quarter. ING Groep NV now owns 831,505 shares of the company's stock worth $17,054,000 after buying an additional 773,772 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NCLH. Deutsche Bank Aktiengesellschaft raised 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. Mizuho lifted their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Tigress Financial increased their price target on 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. Morgan Stanley raised their price target on Norwegian Cruise Line from $19.00 to $26.00 and gave the company an "underweight" rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company upped their price objective on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. One equities 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 company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $27.60.

Norwegian Cruise Line Stock Performance

NYSE:NCLH traded down $0.26 during midday trading on Wednesday, hitting $26.92. The company's stock had a trading volume of 5,212,740 shares, compared to its average volume of 12,755,198. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.14 and a fifty-two week high of $28.11. The firm's 50 day moving average is $23.81 and its 200-day moving average is $19.71. The firm has a market cap of $11.84 billion, a P/E ratio of 24.93, a P/E/G ratio of 0.31 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.05. The company had revenue of $2.81 billion during 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 firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 earnings per share. Equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Norwegian Cruise Line

In other news, CAO Faye L. Ashby sold 38,344 shares of the company's 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 completion of the transaction, the chief accounting officer now directly owns 116,270 shares of the company's stock, valued at $3,174,171. This represents a 24.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Mark Kempa sold 15,000 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total transaction of $417,900.00. Following the completion of the sale, the chief financial officer now directly owns 253,386 shares of the company's stock, valued at approximately $7,059,333.96. The trade was a 5.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is owned by company 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.