Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Stake Increased by ING Groep NV

ING Groep NV grew its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 1,340.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 831,505 shares of the company's stock after purchasing an additional 773,772 shares during the quarter. ING Groep NV owned approximately 0.19% of Norwegian Cruise Line worth $17,054,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Huntington National Bank boosted its stake in shares of Norwegian Cruise Line by 173.1% in the 3rd quarter. Huntington National Bank now owns 3,504 shares of the company's stock valued at $72,000 after purchasing an additional 2,221 shares in the last quarter. KBC Group NV raised its holdings in Norwegian Cruise Line by 15.0% during the 3rd quarter. KBC Group NV now owns 11,946 shares of the company's stock worth $245,000 after purchasing an additional 1,559 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Norwegian Cruise Line in the 3rd quarter valued at about $212,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Norwegian Cruise Line by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company's stock valued at $918,000 after acquiring an additional 521 shares during the last quarter. Finally, Baillie Gifford & Co. acquired a new position in shares of Norwegian Cruise Line in the 3rd quarter valued at approximately $179,146,000. Institutional investors own 69.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NCLH shares. Truist Financial upped their price target on Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a "buy" rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. boosted their price target on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Monday, September 16th. StockNews.com upgraded Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Barclays boosted their price target on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company lifted their price target on Norwegian Cruise Line from $21.00 to $27.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $27.60.

Insider Activity

In related news, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line stock in a transaction that occurred on Friday, November 8th. The shares were 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 in the company, valued at approximately $3,174,171. The trade was a 24.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Andrea Demarco sold 29,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total value of $805,040.00. Following the transaction, the insider now directly owns 97,304 shares of the company's stock, valued at approximately $2,701,159.04. This represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,344 shares of company stock worth $2,269,731 over the last 90 days. 0.52% of the stock is currently owned by company insiders.

Norwegian Cruise Line Price Performance

NCLH traded down $0.26 on Friday, hitting $26.42. 10,660,129 shares of the company's stock traded hands, compared to its average volume of 12,846,947. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 0.28 and a beta of 2.67. The company's 50 day simple moving average is $22.54 and its 200-day simple moving average is $19.12. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.13 and a one year 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.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.05. The company had revenue of $2.81 billion for 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 period in the prior year, the company posted $0.71 EPS. As a group, research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current year.

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.