Harbor Capital Advisors Inc. Takes Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Harbor Capital Advisors Inc. acquired a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 220,621 shares of the company's stock, valued at approximately $5,677,000. Harbor Capital Advisors Inc. owned 0.05% of Norwegian Cruise Line as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Zacks Investment Management bought a new position in shares of Norwegian Cruise Line in the third quarter worth $3,821,000. Hodges Capital Management Inc. raised its holdings in shares of Norwegian Cruise Line by 1.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company's stock valued at $31,678,000 after acquiring an additional 23,075 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Norwegian Cruise Line by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company's stock valued at $71,791,000 after acquiring an additional 94,178 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in shares of Norwegian Cruise Line by 1,104.7% during the third quarter. Y Intercept Hong Kong Ltd now owns 178,603 shares of the company's stock worth $3,663,000 after purchasing an additional 163,777 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Norwegian Cruise Line during the third quarter worth about $615,000. Hedge funds and other institutional investors own 69.58% of the company's stock.

Wall Street Analyst Weigh In

NCLH has been the subject of several research analyst reports. The Goldman Sachs Group upgraded shares of Norwegian Cruise Line from a "neutral" rating to a "buy" rating and lifted their target price for the company from $29.00 to $35.00 in a research report on Tuesday, December 10th. Stifel Nicolaus increased their target price on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Morgan Stanley lifted their price target 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. JPMorgan Chase & Co. increased their price objective on Norwegian Cruise Line from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, December 17th. Finally, StockNews.com upgraded Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. One 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $29.27.

Norwegian Cruise Line Trading Down 0.5 %

Shares of Norwegian Cruise Line stock traded down $0.14 during midday trading on Friday, reaching $25.78. 7,842,780 shares of the company's stock traded hands, compared to its average volume of 8,582,036. The stock has a 50 day moving average of $26.55 and a 200-day moving average of $21.89. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.69 and a 12 month high of $28.64. The company has a market cap of $11.34 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 0.30 and a beta of 2.64. 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 posted its earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm had revenue of $2.81 billion during the quarter, compared to analysts' expectations of $2.77 billion. During the same period last year, the company posted $0.71 EPS. The company's quarterly revenue was up 10.7% compared to the same quarter last year. As a group, equities analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current fiscal year.

Insider Transactions at Norwegian Cruise Line

In related news, insider Andrea Demarco sold 29,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 97,304 shares of the company's stock, valued at $2,701,159.04. This trade represents a 22.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Faye L. Ashby sold 38,344 shares of the business's stock in a transaction 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 sale, the chief accounting officer now directly owns 116,270 shares in the company, valued at $3,174,171. This trade represents a 24.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,344 shares of company stock valued at $2,269,731. Corporate insiders own 0.52% of the company's stock.

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.