Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Acquired by Mount Lucas Management LP

Mount Lucas Management LP raised its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,055 shares of the company’s stock after buying an additional 516 shares during the quarter. Mount Lucas Management LP’s holdings in Norwegian Cruise Line were worth $452,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in Norwegian Cruise Line by 120.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after acquiring an additional 12,313,426 shares during the period. Baillie Gifford & Co. acquired a new stake in shares of Norwegian Cruise Line during the 3rd quarter worth approximately $179,146,000. Columbus Hill Capital Management L.P. bought a new stake in shares of Norwegian Cruise Line in the 2nd quarter worth approximately $23,479,000. Dimensional Fund Advisors LP boosted its position in Norwegian Cruise Line by 32.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after purchasing an additional 1,129,770 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new position in Norwegian Cruise Line during the 2nd quarter worth $15,213,000. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Trading Down 1.0 %

Shares of NYSE:NCLH opened at $26.42 on Monday. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 0.27 and a beta of 2.67. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.13 and a 1-year high of $28.11. The company has a 50 day moving average price of $22.73 and a 200 day moving average price of $19.19.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the previous year, the firm posted $0.71 EPS. The company’s quarterly revenue was up 10.7% on a year-over-year basis. On average, research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, October 4th. Bank of America boosted their target price on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Macquarie lifted their price target on Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Wells Fargo & Company boosted their price objective on 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. Finally, The Goldman Sachs Group raised their target price on Norwegian Cruise Line from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.60.

Insider Buying and Selling at Norwegian Cruise Line

In other Norwegian Cruise Line news, CAO Faye L. Ashby sold 38,344 shares of the business’s stock in a transaction on 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 sale, the chief accounting officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total value of $417,900.00. Following the completion of the sale, the chief financial officer now directly owns 253,386 shares of the company’s stock, valued at approximately $7,059,333.96. This trade represents a 5.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is currently owned by corporate 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.