Charles Schwab Investment Management Inc. boosted its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,500,309 shares of the company's stock after purchasing an additional 94,178 shares during the period. Charles Schwab Investment Management Inc. owned about 0.80% of Norwegian Cruise Line worth $71,791,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NCLH. O Shaughnessy Asset Management LLC grew its stake in shares of Norwegian Cruise Line by 27.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 13,389 shares of the company's stock valued at $280,000 after buying an additional 2,918 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of Norwegian Cruise Line by 25.8% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 15,213 shares of the company's stock valued at $318,000 after acquiring an additional 3,123 shares during the period. Tidal Investments LLC increased its stake in shares of Norwegian Cruise Line by 12.2% during the 1st quarter. Tidal Investments LLC now owns 18,561 shares of the company's stock worth $388,000 after purchasing an additional 2,012 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Norwegian Cruise Line by 170.1% in the 1st quarter. Cetera Investment Advisers now owns 93,155 shares of the company's stock valued at $1,950,000 after purchasing an additional 58,660 shares during the period. Finally, Cetera Advisors LLC lifted its stake in Norwegian Cruise Line by 73.7% in the 1st quarter. Cetera Advisors LLC now owns 29,683 shares of the company's stock valued at $621,000 after purchasing an additional 12,592 shares during the last quarter. 69.58% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on NCLH. JPMorgan Chase & Co. lifted their target price on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. Wells Fargo & Company raised their target price 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. Deutsche Bank Aktiengesellschaft increased their price target on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the company a "hold" rating in a report on Friday, November 1st. Susquehanna boosted their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Finally, Morgan Stanley increased their target price on Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an "underweight" rating in a research note on Tuesday, November 12th. One equities research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $27.60.
Get Our Latest Stock Analysis on Norwegian Cruise Line
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 value of $1,046,791.20. Following the completion of the transaction, the chief accounting officer now owns 116,270 shares of the company's stock, valued at $3,174,171. This represents a 24.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total transaction of $805,040.00. Following the transaction, the insider now owns 97,304 shares in the company, valued at approximately $2,701,159.04. This trade represents a 22.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,344 shares of company stock worth $2,269,731 over the last quarter. Corporate insiders own 0.52% of the company's stock.
Norwegian Cruise Line Price Performance
NYSE:NCLH traded down $0.03 during mid-day trading on Friday, reaching $26.90. The stock had a trading volume of 3,368,308 shares, compared to its average volume of 12,714,848. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.69 and a 12 month high of $28.11. The stock has a market capitalization of $11.83 billion, a PE ratio of 24.67, a P/E/G ratio of 0.30 and a beta of 2.67. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The stock has a 50-day simple moving average of $24.21 and a two-hundred day simple moving average of $19.89.
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 business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. Norwegian Cruise Line's 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. On average, equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current year.
Norwegian Cruise Line Company Profile
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Free Report)
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.
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