Principal Financial Group Inc. Buys 30,182 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Principal Financial Group Inc. increased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 514,087 shares of the company's stock after buying an additional 30,182 shares during the period. Principal Financial Group Inc. owned 0.12% of Norwegian Cruise Line worth $10,544,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new stake in Norwegian Cruise Line during the 1st quarter worth about $27,000. Sentry Investment Management LLC bought a new stake in shares of Norwegian Cruise Line during the second quarter worth approximately $39,000. Blue Trust Inc. lifted its holdings in Norwegian Cruise Line by 489.8% in the third quarter. Blue Trust Inc. now owns 2,188 shares of the company's stock valued at $41,000 after buying an additional 1,817 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new position in Norwegian Cruise Line in the third quarter valued at approximately $78,000. Finally, Quarry LP boosted its stake in Norwegian Cruise Line by 419.1% in the second quarter. Quarry LP now owns 5,669 shares of the company's stock valued at $107,000 after acquiring an additional 4,577 shares during the last quarter. Institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Stock Down 1.2 %

Shares of NYSE NCLH traded down $0.32 during trading hours on Monday, hitting $26.10. The company had a trading volume of 15,963,143 shares, compared to its average volume of 12,860,928. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.13 and a 1-year high of $28.11. 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 firm's 50 day moving average is $22.73 and its 200-day moving average is $19.19. The stock has a market capitalization of $11.48 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 0.27 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter last year, the firm posted $0.71 EPS. The company's quarterly revenue was up 10.7% on a year-over-year basis. On average, analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Norwegian Cruise Line

In related news, CFO Mark Kempa sold 15,000 shares of the business's stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 253,386 shares in the company, valued at $7,059,333.96. The trade was a 5.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Andrea Demarco sold 29,000 shares of the stock in a transaction on 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 owns 97,304 shares in the company, valued at $2,701,159.04. The trade was a 22.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,344 shares of company stock valued at $2,269,731 in the last quarter. 0.52% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NCLH. Stifel Nicolaus increased their price target 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. Argus upgraded Norwegian Cruise Line from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Truist Financial boosted their target price 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. Mizuho lifted their price objective on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, Citigroup upgraded shares of Norwegian Cruise Line from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $20.00 to $30.00 in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $27.60.

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.