Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP increased its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 1,816.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 365,845 shares of the company's stock after purchasing an additional 346,758 shares during the period. Quantbot Technologies LP owned 0.08% of Norwegian Cruise Line worth $7,503,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 429 shares during the last quarter. Sentry Investment Management LLC purchased a new position in Norwegian Cruise Line during the second quarter worth about $39,000. Blue Trust Inc. increased its position in shares of Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company's stock valued at $41,000 after acquiring an additional 1,817 shares during the last quarter. Huntington National Bank lifted its holdings 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 worth $72,000 after acquiring an additional 2,221 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Norwegian Cruise Line during the 3rd quarter worth approximately $78,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Norwegian Cruise Line

In related news, CFO Mark Kempa sold 15,000 shares of the firm'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 transaction of $417,900.00. Following the transaction, the chief financial officer now owns 253,386 shares in the company, valued at $7,059,333.96. This trade represents a 5.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Andrea Demarco sold 29,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now owns 97,304 shares of the company's stock, valued at approximately $2,701,159.04. This represents a 22.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,344 shares of company stock valued at $2,269,731 in the last ninety days. Insiders own 0.52% of the company's stock.

Norwegian Cruise Line Stock Up 0.1 %

Norwegian Cruise Line stock traded up $0.03 during midday trading on Tuesday, reaching $27.18. The company's stock had a trading volume of 7,306,233 shares, compared to its average volume of 12,788,031. The company has a market cap of $11.95 billion, a P/E ratio of 24.89, a P/E/G ratio of 0.30 and a beta of 2.67. 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 business has a 50-day simple moving average of $23.67 and a 200-day simple moving average of $19.64. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.14 and a fifty-two week high of $28.11.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.05. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the company posted $0.71 earnings per share. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. On average, research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on NCLH shares. Bank of America upped their price target on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. 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 note on Friday, November 1st. Citigroup raised Norwegian Cruise Line from a "neutral" rating to a "buy" rating and lifted their target price for the company from $20.00 to $30.00 in a research report on Wednesday, October 9th. Morgan Stanley increased their price target on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an "underweight" rating in a research report on Tuesday, November 12th. Finally, Stifel Nicolaus lifted their price objective on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the company a "buy" rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $27.60.

About Norwegian Cruise Line

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.