State Street Corp Has $312.61 Million Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

State Street Corp increased its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,241,984 shares of the company's stock after buying an additional 621,793 shares during the period. State Street Corp owned about 3.47% of Norwegian Cruise Line worth $312,613,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC raised its position 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 in the last quarter. Sentry Investment Management LLC bought a new position in Norwegian Cruise Line during the 2nd quarter valued at $39,000. Blue Trust Inc. grew its holdings in Norwegian Cruise Line by 489.8% during the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company's stock worth $41,000 after acquiring an additional 1,817 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Norwegian Cruise Line in the 3rd quarter worth about $56,000. Finally, Huntington National Bank increased its position 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 purchasing an additional 2,221 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Mizuho lifted their price target on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Macquarie boosted their price target on Norwegian Cruise Line from $24.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Tigress Financial upped their price target on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a "strong-buy" rating in a research report on Monday, November 11th. Barclays lifted their price objective on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a "hold" rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $28.67.

Norwegian Cruise Line Stock Performance

Shares of NYSE:NCLH traded up $1.06 on Wednesday, hitting $27.46. The company's stock had a trading volume of 8,552,167 shares, compared to its average volume of 12,644,876. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.69 and a 12 month high of $28.64. The stock's 50-day moving average is $25.14 and its two-hundred day moving average is $20.50. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 0.31 and a beta of 2.65.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, topping 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 analyst estimates of $2.77 billion. During the same period in the prior year, the business posted $0.71 EPS. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current year.

Insider Activity

In other news, insider Andrea Demarco sold 29,000 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total transaction 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. The trade was a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark Kempa sold 15,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total value of $417,900.00. Following the completion of the transaction, the chief financial officer now owns 253,386 shares of the company's stock, valued at $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 ninety days, insiders have sold 82,344 shares of company stock worth $2,269,731. 0.52% of the stock is owned by company insiders.

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.