Wellington Management Group LLP Acquires 19,001 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Wellington Management Group LLP boosted its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 7.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 267,397 shares of the company's stock after acquiring an additional 19,001 shares during the period. Wellington Management Group LLP owned 0.06% of Norwegian Cruise Line worth $5,484,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Norwegian Cruise Line by 4.3% in the 3rd quarter. State Street Corp now owns 15,241,984 shares of the company's stock valued at $312,613,000 after purchasing an additional 621,793 shares in the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Norwegian Cruise Line in the third quarter valued at approximately $179,146,000. Dimensional Fund Advisors LP raised its position in Norwegian Cruise Line by 32.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company's stock worth $85,835,000 after acquiring an additional 1,129,770 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of Norwegian Cruise Line by 864.9% during the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company's stock worth $79,263,000 after purchasing an additional 3,464,100 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Norwegian Cruise Line by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company's stock worth $71,791,000 after buying an additional 94,178 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Bank of America lifted their price objective on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Barclays raised Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $28.00 to $32.00 in a research note on Friday. Morgan Stanley raised their target price 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. The Goldman Sachs Group raised shares of Norwegian Cruise Line from a "neutral" rating to a "buy" rating and upped their price target for the stock from $29.00 to $35.00 in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Norwegian Cruise Line presently has an average rating of "Moderate Buy" and a consensus price target of $29.27.

Insider Transactions at Norwegian Cruise Line

In other Norwegian Cruise Line news, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total transaction of $805,040.00. Following the transaction, the insider now directly owns 97,304 shares in the company, valued at approximately $2,701,159.04. The trade was a 22.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Faye L. Ashby sold 38,344 shares of the 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 completion of the sale, the chief accounting officer now owns 116,270 shares of the company's stock, valued at $3,174,171. The trade was a 24.80 % 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 quarter. Insiders own 0.52% of the company's stock.

Norwegian Cruise Line Stock Performance

NCLH traded down $0.24 during trading hours on Tuesday, hitting $26.38. The company's stock had a trading volume of 6,768,447 shares, compared to its average volume of 12,568,195. The company has a 50-day simple moving average of $25.81 and a 200 day simple moving average of $20.86. 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 firm has a market capitalization of $11.60 billion, a PE ratio of 24.20, a PEG ratio of 0.31 and a beta of 2.65. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.69 and a fifty-two week 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 EPS for the quarter, beating the consensus estimate of $0.94 by $0.05. The firm 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%. Norwegian Cruise Line's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $0.71 EPS. As a group, sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current year.

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.