Cerity Partners LLC Purchases 133,810 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Cerity Partners LLC grew its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 400.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 167,194 shares of the company's stock after buying an additional 133,810 shares during the quarter. Cerity Partners LLC's holdings in Norwegian Cruise Line were worth $3,429,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Avior Wealth Management LLC raised its position in 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 purchasing an additional 429 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Norwegian Cruise Line by 2.1% during the third quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company's stock worth $509,000 after acquiring an additional 500 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Norwegian Cruise Line by 1.1% during the third quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company's stock valued at $944,000 after acquiring an additional 509 shares during the period. Mount Lucas Management LP boosted its holdings in Norwegian Cruise Line by 2.4% in the third quarter. Mount Lucas Management LP now owns 22,055 shares of the company's stock valued at $452,000 after acquiring an additional 516 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Norwegian Cruise Line by 1.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company's stock worth $918,000 after purchasing an additional 521 shares during the period. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Stock Down 0.1 %

Shares of NCLH stock traded down $0.03 during trading hours on Friday, hitting $26.89. 3,368,308 shares of the company were exchanged, compared to its average volume of 12,714,848. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.69 and a 52 week high of $28.11. 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 business has a 50 day moving average of $24.21 and a two-hundred day moving average of $19.89. The company has a market capitalization of $11.82 billion, a PE ratio of 24.67, a PEG ratio of 0.30 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.94 by $0.05. The firm had revenue of $2.81 billion during the quarter, compared to analysts' expectations of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company's revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. Analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NCLH has been the topic of a number of research reports. Morgan Stanley upped their target price on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the company an "underweight" rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Wells Fargo & Company raised their price target on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Macquarie upped their price objective on Norwegian Cruise Line from $24.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Tigress Financial increased their target price on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a "strong-buy" rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $27.60.

Insider Activity at Norwegian Cruise Line

In related news, CAO Faye L. Ashby sold 38,344 shares of the 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 completion of the transaction, the chief accounting officer now owns 116,270 shares in the company, valued at approximately $3,174,171. This represents a 24.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line stock in a transaction 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 in the company, valued at $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. In the last quarter, insiders have sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is owned by insiders.

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.