Worldquant Millennium Advisors LLC Acquires Shares of 102,580 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Worldquant Millennium Advisors LLC acquired a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 102,580 shares of the company's stock, valued at approximately $2,104,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Two Sigma Advisers LP lifted its stake in shares of Norwegian Cruise Line by 864.9% in the third quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company's stock worth $79,263,000 after buying an additional 3,464,100 shares in the last quarter. State Street Corp lifted its stake in shares of Norwegian Cruise Line by 4.3% in the third quarter. State Street Corp now owns 15,241,984 shares of the company's stock worth $312,613,000 after buying an additional 621,793 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Norwegian Cruise Line in the third quarter worth about $273,000. Quadrature Capital Ltd lifted its stake in shares of Norwegian Cruise Line by 43.7% in the third quarter. Quadrature Capital Ltd now owns 176,239 shares of the company's stock worth $3,615,000 after buying an additional 53,603 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its stake in shares of Norwegian Cruise Line by 16.3% in the third quarter. IHT Wealth Management LLC now owns 29,687 shares of the company's stock worth $605,000 after buying an additional 4,162 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NCLH shares. Argus upgraded shares of Norwegian Cruise Line from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Citigroup upgraded shares of Norwegian Cruise Line from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $20.00 to $30.00 in a research report on Wednesday, October 9th. Wells Fargo & Company raised their price objective on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. UBS Group raised their price objective on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, Barclays raised 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 research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $28.27.

Insider Buying and Selling at Norwegian Cruise Line

In other Norwegian Cruise Line news, insider Andrea Demarco sold 29,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total value 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. This represents a 22.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Faye L. Ashby sold 38,344 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the completion of the transaction, the chief accounting officer now owns 116,270 shares in the company, valued at approximately $3,174,171. This trade represents a 24.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is owned by company insiders.

Norwegian Cruise Line Stock Down 6.3 %

Shares of NYSE:NCLH traded down $1.73 during trading on Monday, hitting $25.92. 12,841,307 shares of the company were exchanged, compared to its average volume of 12,660,936. The firm's 50 day moving average price is $24.90 and its 200-day moving average price is $20.35. The stock has a market capitalization of $11.40 billion, a P/E ratio of 25.37, a PEG ratio of 0.31 and a beta of 2.66. 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.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its 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 company's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. On average, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current fiscal year.

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.