ING Groep NV Boosts Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

ING Groep NV increased its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 1,340.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 831,505 shares of the company’s stock after acquiring an additional 773,772 shares during the quarter. ING Groep NV owned about 0.19% of Norwegian Cruise Line worth $17,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in Norwegian Cruise Line in the 1st quarter worth approximately $27,000. Sentry Investment Management LLC bought a new stake in shares of Norwegian Cruise Line in the second quarter worth $39,000. Blue Trust Inc. increased its position in Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after acquiring an additional 1,817 shares during the last quarter. Huntington National Bank lifted its holdings in Norwegian Cruise Line by 173.1% in the third quarter. Huntington National Bank now owns 3,504 shares of the company’s stock valued at $72,000 after acquiring an additional 2,221 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in Norwegian Cruise Line in the third quarter worth about $78,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Insider Buying and Selling

In other Norwegian Cruise Line news, CFO Mark Kempa sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total transaction of $417,900.00. Following the transaction, the chief financial officer now owns 253,386 shares in the company, valued at approximately $7,059,333.96. This represents a 5.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Faye L. Ashby sold 38,344 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the transaction, the chief accounting officer now owns 116,270 shares of the company’s stock, valued at $3,174,171. This represents a 24.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,344 shares of company stock worth $2,269,731. 0.52% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a research note on Tuesday. Argus raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Truist Financial upped their price target on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, September 26th. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Macquarie upped their target price on Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.60.

Norwegian Cruise Line Trading Down 2.3 %

NYSE:NCLH opened at $26.67 on Friday. The firm has a 50-day simple moving average of $22.35 and a 200-day simple moving average of $19.07. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.10 and a one year high of $28.11. The firm has a market cap of $11.73 billion, a P/E ratio of 24.47, a P/E/G ratio of 0.28 and a beta of 2.67. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the previous year, the business posted $0.71 EPS. Norwegian Cruise Line’s revenue was up 10.7% on a year-over-year basis. Equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current fiscal 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.