Czech National Bank purchased a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – GetRating) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 48,955 shares of the company’s stock, valued at approximately $556,000.
A number of other institutional investors have also recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D increased its stake in Norwegian Cruise Line by 8.8% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 291,785 shares of the company’s stock worth $3,315,000 after purchasing an additional 23,606 shares in the last quarter. Bell Rock Capital LLC purchased a new position in Norwegian Cruise Line during the 3rd quarter valued at about $176,000. Comerica Bank grew its stake in Norwegian Cruise Line by 3.2% during the 3rd quarter. Comerica Bank now owns 54,569 shares of the company’s stock valued at $836,000 after acquiring an additional 1,698 shares in the last quarter. US Bancorp DE grew its stake in Norwegian Cruise Line by 63.5% during the 3rd quarter. US Bancorp DE now owns 25,977 shares of the company’s stock valued at $295,000 after acquiring an additional 10,088 shares in the last quarter. Finally, Prospera Financial Services Inc grew its stake in Norwegian Cruise Line by 27.8% during the 3rd quarter. Prospera Financial Services Inc now owns 21,817 shares of the company’s stock valued at $248,000 after acquiring an additional 4,743 shares in the last quarter. Hedge funds and other institutional investors own 57.17% of the company’s stock.
Analyst Rating Changes
NCLH has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on Norwegian Cruise Line from $16.00 to $14.00 and set a “hold” rating on the stock in a research note on Friday, November 11th. Barclays lifted their target price on Norwegian Cruise Line from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday, September 19th. Truist Financial boosted their price target on Norwegian Cruise Line from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, November 22nd. Citigroup boosted their price target on Norwegian Cruise Line to $18.00 in a research note on Tuesday, November 15th. Finally, UBS Group lowered their price target on Norwegian Cruise Line from $19.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, January 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Norwegian Cruise Line has a consensus rating of “Hold” and a consensus target price of $19.04.
Norwegian Cruise Line Stock Up 1.8%
NCLH opened at $15.63 on Monday. The business has a 50 day moving average price of $15.06 and a 200 day moving average price of $14.03. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $10.31 and a twelve month high of $23.90. The company has a debt-to-equity ratio of 32.25, a quick ratio of 0.43 and a current ratio of 0.46. The firm has a market cap of $6.59 billion, a P/E ratio of -1.89 and a beta of 2.48.
Norwegian Cruise Line (NYSE:NCLH – GetRating) last issued its quarterly earnings results on Tuesday, November 8th. The company reported ($0.70) EPS for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.05. Norwegian Cruise Line had a negative return on equity of 180.24% and a negative net margin of 88.14%. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.58 billion. Research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post -4.7 EPS for the current year.
Insider Transactions at Norwegian Cruise Line
In other news, CEO Jason Montague sold 32,879 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $16.49, for a total transaction of $542,174.71. Following the completion of the transaction, the chief executive officer now directly owns 226,002 shares in the company, valued at $3,726,772.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Mark Kempa sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $18.54, for a total transaction of $463,500.00. Following the sale, the chief financial officer now directly owns 197,651 shares in the company, valued at $3,664,449.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jason Montague sold 32,879 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $16.49, for a total value of $542,174.71. Following the sale, the chief executive officer now owns 226,002 shares in the company, valued at $3,726,772.98. The disclosure for this sale can be found here. Insiders sold a total of 159,951 shares of company stock worth $2,859,054 over the last three months. 0.77% of the stock is currently owned by insiders.
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 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 locations, including destinations in Scandinavia, Russia, 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.
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