Friedenthal Financial Makes New Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Friedenthal Financial purchased a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,627 shares of the company's stock, valued at approximately $788,000.

A number of other institutional investors also recently bought and sold shares of NCLH. State Street Corp grew its holdings in shares of Norwegian Cruise Line by 4.3% in the third quarter. State Street Corp now owns 15,241,984 shares of the company's stock worth $312,613,000 after purchasing an additional 621,793 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Norwegian Cruise Line by 2.6% in the third quarter. Geode Capital Management LLC now owns 10,522,834 shares of the company's stock valued at $215,481,000 after purchasing an additional 261,925 shares during the period. Baillie Gifford & Co. bought a new position in Norwegian Cruise Line in the third quarter worth approximately $179,146,000. Dimensional Fund Advisors LP raised its position in Norwegian Cruise Line by 32.9% during the 2nd 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 in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of Norwegian Cruise Line by 864.9% in the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company's stock worth $79,263,000 after buying an additional 3,464,100 shares during the period. 69.58% of the stock is currently owned by institutional investors.

Insider Activity at Norwegian Cruise Line

In other Norwegian Cruise Line news, CFO Mark Kempa sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total value of $417,900.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Faye L. Ashby sold 38,344 shares of the firm'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 sale, the chief accounting officer now directly owns 116,270 shares in the company, valued at $3,174,171. The trade was a 24.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,344 shares of company stock worth $2,269,731 over the last three months. Company insiders own 0.52% of the company's stock.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock traded down $0.18 during trading hours on Monday, hitting $25.61. 7,128,779 shares of the stock traded hands, compared to its average volume of 8,374,978. The firm's 50 day moving average price is $26.55 and its 200-day moving average price is $21.96. 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 market capitalization of $11.26 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 0.30 and a beta of 2.64. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.69 and a 1 year high of $28.64.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NCLH shares. Bank of America increased their target price on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. Morgan Stanley increased their price objective on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the company an "underweight" rating in a research note on Tuesday, November 12th. Mizuho boosted their price objective on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Citigroup raised Norwegian Cruise Line from a "neutral" rating to a "buy" rating and increased their target price for the company from $20.00 to $30.00 in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Norwegian Cruise Line has an average rating of "Moderate Buy" and a consensus price target of $29.27.

About Norwegian Cruise Line

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.