Geode Capital Management LLC Has $215.48 Million Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Geode Capital Management LLC increased its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,522,834 shares of the company's stock after acquiring an additional 261,925 shares during the period. Geode Capital Management LLC owned about 2.39% of Norwegian Cruise Line worth $215,481,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Prestige Wealth Management Group LLC grew its holdings in shares of Norwegian Cruise Line by 192.3% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company's stock valued at $25,000 after acquiring an additional 800 shares in the last quarter. Avior Wealth Management LLC grew its stake in Norwegian Cruise Line by 34.1% in the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company's stock valued at $35,000 after purchasing an additional 429 shares in the last quarter. Sentry Investment Management LLC acquired a new position in Norwegian Cruise Line in the 2nd quarter worth about $39,000. Blue Trust Inc. raised its stake in shares of Norwegian Cruise Line by 489.8% during the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company's stock worth $41,000 after purchasing an additional 1,817 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Norwegian Cruise Line in the third quarter worth approximately $56,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NCLH. Morgan Stanley lifted 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 note on Tuesday, November 12th. Truist Financial lifted their price objective on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Argus raised shares of Norwegian Cruise Line from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Stifel Nicolaus boosted their price target on Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Finally, The Goldman Sachs Group raised Norwegian Cruise Line from a "neutral" rating to a "buy" rating and increased their price objective for the company from $29.00 to $35.00 in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Norwegian Cruise Line presently has an average rating of "Moderate Buy" and an average price target of $28.93.

Norwegian Cruise Line Stock Performance

Shares of NCLH traded down $0.01 during mid-day trading on Friday, hitting $26.80. The company's stock had a trading volume of 7,171,363 shares, compared to its average volume of 12,613,463. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.69 and a one year high of $28.64. The stock's 50-day moving average is $25.56 and its two-hundred day moving average is $20.72. The firm has a market capitalization of $11.78 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 0.31 and a beta of 2.65. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

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

Insider Activity

In other news, CFO Mark Kempa sold 15,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total value of $417,900.00. Following the sale, the chief financial officer now owns 253,386 shares in the company, valued at approximately $7,059,333.96. The trade was a 5.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have 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.