Y Intercept Hong Kong Ltd grew its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 1,104.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 178,603 shares of the company's stock after buying an additional 163,777 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Norwegian Cruise Line were worth $3,663,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the business. Baillie Gifford & Co. acquired a new position in Norwegian Cruise Line during the 3rd quarter worth approximately $179,146,000. Two Sigma Advisers LP raised its stake in Norwegian Cruise Line by 864.9% during the third quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company's stock valued at $79,263,000 after buying an additional 3,464,100 shares in the last quarter. Columbus Hill Capital Management L.P. bought a new position in Norwegian Cruise Line during the 2nd quarter worth approximately $23,479,000. Dimensional Fund Advisors LP grew its position in shares of Norwegian Cruise Line by 32.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company's stock worth $85,835,000 after acquiring an additional 1,129,770 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Norwegian Cruise Line in the 2nd quarter worth approximately $15,213,000. Institutional investors and hedge funds own 69.58% of the company's stock.
Norwegian Cruise Line Price Performance
Shares of NYSE:NCLH traded down $1.73 on Monday, reaching $25.92. 12,841,307 shares of the company traded hands, compared to its average volume of 12,660,936. 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 $11.40 billion, a PE ratio of 25.37, a P/E/G ratio of 0.31 and a beta of 2.66. The company's 50 day moving average is $24.90 and its 200-day moving average is $20.35. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.69 and a fifty-two week high of $28.64.
Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share 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 return on equity of 99.31% and a net margin of 5.87%. Norwegian Cruise Line's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. As a group, analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current fiscal year.
Insider Transactions at Norwegian Cruise Line
In related news, CFO Mark Kempa sold 15,000 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total transaction 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. The trade was a 5.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrea Demarco sold 29,000 shares of the firm'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 sale, the insider now owns 97,304 shares of the company's stock, valued at $2,701,159.04. The trade was 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 valued at $2,269,731 over the last ninety days. Corporate insiders own 0.52% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. The Goldman Sachs Group raised their price objective on Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Wells Fargo & Company increased their target price on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a "hold" rating in a research report on Friday, November 1st. Argus upgraded shares of Norwegian Cruise Line from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Finally, UBS Group upped their target price on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $28.27.
Get Our Latest Stock Report on NCLH
About Norwegian Cruise Line
(
Free Report)
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.
Further Reading
Before you consider Norwegian Cruise Line, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Norwegian Cruise Line wasn't on the list.
While Norwegian Cruise Line currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
