Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Purchased by Hodges Capital Management Inc.

Hodges Capital Management Inc. raised its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,544,515 shares of the company's stock after buying an additional 23,075 shares during the period. Norwegian Cruise Line comprises approximately 2.0% of Hodges Capital Management Inc.'s investment portfolio, making the stock its 9th biggest position. Hodges Capital Management Inc. owned 0.35% of Norwegian Cruise Line worth $31,678,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Avior Wealth Management LLC boosted its position in Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company's stock valued at $35,000 after buying an additional 429 shares during the period. Sentry Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line in the second quarter valued at approximately $39,000. Blue Trust Inc. grew its stake in Norwegian Cruise Line by 489.8% in the third 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. Brooklyn Investment Group purchased a new position in Norwegian Cruise Line during the 3rd quarter worth $56,000. Finally, Huntington National Bank raised its position in Norwegian Cruise Line by 173.1% during 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. Institutional investors own 69.58% of the company's stock.

Insiders Place Their Bets

In other news, insider Andrea Demarco sold 29,000 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total value of $805,040.00. Following the sale, the insider now directly owns 97,304 shares of the company's stock, valued at $2,701,159.04. This represents a 22.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark Kempa sold 15,000 shares of the firm'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. This trade represents a 5.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is owned by company insiders.

Norwegian Cruise Line Stock Up 0.1 %

Shares of NCLH stock traded up $0.03 during trading hours on Friday, reaching $27.65. 6,550,781 shares of the company's stock were exchanged, compared to its average volume of 9,578,426. The stock has a market cap of $12.16 billion, a PE ratio of 25.37, a PEG ratio of 0.31 and a beta of 2.65. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The stock's fifty day moving average price is $24.90 and its two-hundred day moving average price is $20.32. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.69 and a 1 year high of $28.64.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share 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 company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. Norwegian Cruise Line's revenue was up 10.7% compared to the same quarter last year. Research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current year.

Wall Street Analyst Weigh In

NCLH has been the topic of a number of recent research reports. Argus raised Norwegian Cruise Line from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Citigroup upgraded shares of Norwegian Cruise Line from a "neutral" rating to a "buy" rating and increased their target price for the stock from $20.00 to $30.00 in a report on Wednesday, October 9th. Mizuho boosted their price target on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Barclays upped their price target on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Finally, StockNews.com raised shares of Norwegian Cruise Line from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $28.27.

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.