KBC Group NV Decreases Stock Position in Norwegian Cruise Line Holdings Ltd. $NCLH

KBC Group NV trimmed its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 35.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,833 shares of the company’s stock after selling 6,390 shares during the period. KBC Group NV’s holdings in Norwegian Cruise Line were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Norwegian Cruise Line by 1.2% in the first quarter. Vanguard Group Inc. now owns 53,960,561 shares of the company’s stock valued at $1,023,092,000 after purchasing an additional 653,279 shares in the last quarter. Invesco Ltd. raised its position in shares of Norwegian Cruise Line by 22.7% during the 1st quarter. Invesco Ltd. now owns 11,477,606 shares of the company’s stock worth $217,615,000 after purchasing an additional 2,122,501 shares during the last quarter. Ariel Investments LLC lifted its stake in Norwegian Cruise Line by 126.8% in the 1st quarter. Ariel Investments LLC now owns 9,081,170 shares of the company’s stock valued at $172,179,000 after buying an additional 5,077,531 shares in the last quarter. Northern Trust Corp grew its holdings in Norwegian Cruise Line by 2.6% during the 1st quarter. Northern Trust Corp now owns 4,272,790 shares of the company’s stock valued at $81,012,000 after buying an additional 109,396 shares during the last quarter. Finally, Greenhouse Funds LLLP increased its position in Norwegian Cruise Line by 22.2% during the first quarter. Greenhouse Funds LLLP now owns 4,100,848 shares of the company’s stock worth $77,752,000 after buying an additional 744,558 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analysts Set New Price Targets

NCLH has been the topic of several recent research reports. TD Cowen assumed coverage on Norwegian Cruise Line in a research report on Tuesday, July 22nd. They issued a “buy” rating and a $31.00 price objective on the stock. Zacks Research lowered shares of Norwegian Cruise Line from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Tigress Financial lifted their price target on shares of Norwegian Cruise Line from $36.00 to $38.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 27th. UBS Group upped their price objective on shares of Norwegian Cruise Line from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, August 26th. Finally, Morgan Stanley decreased their target price on shares of Norwegian Cruise Line from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.37.

Insider Buying and Selling at Norwegian Cruise Line

In other news, Director Stella David purchased 6,986 shares of the stock in a transaction on Thursday, November 6th. The stock was purchased at an average price of $18.59 per share, with a total value of $129,869.74. Following the completion of the transaction, the director owned 103,474 shares in the company, valued at approximately $1,923,581.66. The trade was a 7.24% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Zillah Byng-Thorne acquired 29,008 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was purchased at an average price of $18.11 per share, for a total transaction of $525,334.88. Following the completion of the acquisition, the director owned 66,017 shares in the company, valued at approximately $1,195,567.87. This trade represents a 78.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 90,029 shares of company stock worth $1,663,575. 0.41% of the stock is currently owned by company insiders.

Norwegian Cruise Line Trading Up 1.7%

Shares of NCLH stock opened at $17.83 on Wednesday. The firm’s 50-day simple moving average is $22.91 and its 200-day simple moving average is $22.00. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.18 and a quick ratio of 0.16. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.21 and a 1-year high of $29.29. The firm has a market cap of $8.12 billion, a P/E ratio of 12.30, a PEG ratio of 0.71 and a beta of 2.22.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Tuesday, November 4th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.03 billion. Norwegian Cruise Line had a net margin of 7.52% and a return on equity of 59.88%. Norwegian Cruise Line has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 2.100-2.100 EPS. As a group, equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS 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.