Charles Schwab Investment Management Inc. Acquires 94,178 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Charles Schwab Investment Management Inc. grew its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 2.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,500,309 shares of the company’s stock after acquiring an additional 94,178 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Norwegian Cruise Line were worth $71,791,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Baillie Gifford & Co. purchased a new position in Norwegian Cruise Line during the third quarter valued at $179,146,000. Columbus Hill Capital Management L.P. purchased a new position in shares of Norwegian Cruise Line in the 2nd quarter worth about $23,479,000. Dimensional Fund Advisors LP boosted its stake in Norwegian Cruise Line by 32.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after purchasing an additional 1,129,770 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in Norwegian Cruise Line during the 2nd quarter valued at about $15,213,000. Finally, ING Groep NV increased its stake in Norwegian Cruise Line by 1,340.3% during the 3rd quarter. ING Groep NV now owns 831,505 shares of the company’s stock valued at $17,054,000 after purchasing an additional 773,772 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on NCLH. Wells Fargo & Company upped their target price on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Susquehanna upped their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Barclays upped their price target on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Finally, Morgan Stanley lifted their price objective on Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $27.60.

Insider Transactions at Norwegian Cruise Line

In other news, insider Andrea Demarco sold 29,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total transaction of $805,040.00. Following the sale, the insider now directly owns 97,304 shares in the company, valued at $2,701,159.04. This trade represents a 22.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 completion of the transaction, the chief accounting officer now directly owns 116,270 shares of the company’s stock, valued at $3,174,171. This represents a 24.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,344 shares of company stock valued at $2,269,731 over the last quarter. 0.52% of the stock is currently owned by company insiders.

Norwegian Cruise Line Stock Down 1.0 %

Shares of NCLH stock opened at $26.92 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.14 and a 12 month high of $28.11. The stock has a market cap of $11.84 billion, a P/E ratio of 24.70, a P/E/G ratio of 0.31 and a beta of 2.67. The company has a 50 day simple moving average of $24.09 and a two-hundred day simple moving average of $19.82.

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. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. Norwegian Cruise Line’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS. On average, research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current 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.