M.E. Allison & CO. Inc. Invests $2.05 Million in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

M.E. Allison & CO. Inc. bought a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 79,770 shares of the company's stock, valued at approximately $2,052,000. Norwegian Cruise Line comprises approximately 2.2% of M.E. Allison & CO. Inc.'s holdings, making the stock its 8th largest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Avior Wealth Management LLC increased 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 acquiring an additional 429 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Norwegian Cruise Line by 2.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company's stock worth $509,000 after buying an additional 500 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Norwegian Cruise Line by 1.1% in the third quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company's stock valued at $944,000 after buying an additional 509 shares in the last quarter. Mount Lucas Management LP grew its position in Norwegian Cruise Line by 2.4% in the third quarter. Mount Lucas Management LP now owns 22,055 shares of the company's stock valued at $452,000 after acquiring an additional 516 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Norwegian Cruise Line by 1.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company's stock worth $918,000 after acquiring an additional 521 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

Insider Buying and Selling at Norwegian Cruise Line

In related news, CFO Mark Kempa sold 15,000 shares of the company'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 transaction, the chief financial officer now directly owns 253,386 shares of the company's stock, valued at approximately $7,059,333.96. This represents a 5.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line 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 of the company's stock, valued at approximately $3,174,171. The trade was a 24.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is currently owned by corporate insiders.

Norwegian Cruise Line Price Performance

Shares of NCLH stock traded up $0.76 on Monday, reaching $27.20. The company's stock had a trading volume of 9,162,743 shares, compared to its average volume of 7,033,445. The company has a market capitalization of $11.96 billion, a P/E ratio of 24.95, a PEG ratio of 0.24 and a beta of 2.64. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The stock's 50 day simple moving average is $26.51 and its 200-day simple moving average is $22.20. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.69 and a 12-month high of $28.64.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $2.77 billion. During the same period last year, the firm posted $0.71 earnings per share. The business's revenue was up 10.7% compared to the same quarter last year. As a group, equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on NCLH shares. Citigroup upgraded shares of Norwegian Cruise Line from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $20.00 to $30.00 in a research report on Wednesday, October 9th. Mizuho upped their price target on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. UBS Group lifted their price objective on Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their target price 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. Finally, Bank of America raised their price target 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $29.27.

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.