Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 1.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,757 shares of the company’s stock after purchasing an additional 521 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Norwegian Cruise Line were worth $918,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NCLH. Transcendent Capital Group LLC acquired a new stake in shares of Norwegian Cruise Line in the 1st quarter valued at about $27,000. Sentry Investment Management LLC purchased a new stake in Norwegian Cruise Line in the second quarter valued at approximately $39,000. Blue Trust Inc. boosted its holdings in shares of Norwegian Cruise Line by 489.8% in 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 period. Moisand Fitzgerald Tamayo LLC purchased a new stake in Norwegian Cruise Line in the 3rd quarter valued at $78,000. Finally, Quarry LP boosted its stake in Norwegian Cruise Line by 419.1% during the 2nd quarter. Quarry LP now owns 5,669 shares of the company’s stock worth $107,000 after purchasing an additional 4,577 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Up 0.9 %

Shares of NYSE NCLH opened at $26.34 on Wednesday. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 0.27 and a beta of 2.67. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.13 and a 52 week high of $28.11. The firm has a 50-day moving average price of $23.07 and a 200 day moving average price of $19.34. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the firm earned $0.71 EPS. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total transaction of $805,040.00. Following the completion of the transaction, the insider now owns 97,304 shares of the company’s stock, valued at $2,701,159.04. The trade was a 22.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total transaction of $417,900.00. Following the completion of the sale, the chief financial officer now owns 253,386 shares in the company, valued at $7,059,333.96. This represents a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,344 shares of company stock worth $2,269,731. 0.52% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NCLH has been the topic of a number of recent research reports. Morgan Stanley lifted their price objective on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. Macquarie boosted their price target on Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. The Goldman Sachs Group increased their price objective on Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, Barclays upped their price target on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.60.

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.