Two Sigma Advisers LP Buys 3,464,100 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Two Sigma Advisers LP raised its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 864.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,864,600 shares of the company's stock after buying an additional 3,464,100 shares during the quarter. Two Sigma Advisers LP owned 0.88% of Norwegian Cruise Line worth $79,263,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NCLH. Tidal Investments LLC increased its holdings in Norwegian Cruise Line by 12.2% in the first quarter. Tidal Investments LLC now owns 18,561 shares of the company's stock worth $388,000 after buying an additional 2,012 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Norwegian Cruise Line by 170.1% in the first quarter. Cetera Investment Advisers now owns 93,155 shares of the company's stock valued at $1,950,000 after acquiring an additional 58,660 shares during the period. Cetera Advisors LLC lifted its position in Norwegian Cruise Line by 73.7% in the first quarter. Cetera Advisors LLC now owns 29,683 shares of the company's stock worth $621,000 after purchasing an additional 12,592 shares during the period. DNB Asset Management AS bought a new position in Norwegian Cruise Line in the second quarter worth $226,000. Finally, City Holding Co. lifted its position in Norwegian Cruise Line by 303.0% in the second quarter. City Holding Co. now owns 8,060 shares of the company's stock worth $151,000 after purchasing an additional 6,060 shares during the period. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Price Performance

NYSE NCLH traded up $0.10 on Friday, reaching $27.72. 4,753,916 shares of the company's stock traded hands, compared to its average volume of 12,651,402. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.69 and a 12 month high of $28.64. 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 50-day simple moving average of $24.76 and a 200 day simple moving average of $20.23. The stock has a market cap of $12.19 billion, a PE ratio of 25.34, a P/E/G 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 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.05. The business had revenue of $2.81 billion for the quarter, compared to analysts' expectations of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business's quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the business earned $0.71 earnings per share. As a group, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NCLH. UBS Group raised their target price on Norwegian Cruise Line from $19.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Morgan Stanley lifted their price objective on Norwegian Cruise Line from $19.00 to $26.00 and gave the company an "underweight" rating in a report on Tuesday, November 12th. Tigress Financial lifted their price objective on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a "strong-buy" rating in a report on Monday, November 11th. Mizuho lifted their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Norwegian Cruise Line from $21.00 to $24.00 and gave the company a "hold" rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Norwegian Cruise Line currently has an average rating of "Hold" and a consensus target price of $28.27.

Insider Activity

In other Norwegian Cruise Line news, insider Andrea Demarco sold 29,000 shares of the firm'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 completion of the transaction, the insider now owns 97,304 shares of the company's stock, valued at approximately $2,701,159.04. This trade represents a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Faye L. Ashby sold 38,344 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $27.30, for a total value of $1,046,791.20. Following the transaction, the chief accounting officer now directly owns 116,270 shares of the company's stock, valued at $3,174,171. This represents a 24.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is currently owned by company insiders.

Norwegian Cruise Line Company 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.