Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 6.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 514,087 shares of the company’s stock after purchasing an additional 30,182 shares during the quarter. Principal Financial Group Inc.’s holdings in Norwegian Cruise Line were worth $10,544,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Norwegian Cruise Line by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock worth $1,036,870,000 after purchasing an additional 324,287 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Norwegian Cruise Line by 120.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock valued at $470,889,000 after buying an additional 12,313,426 shares in the last quarter. Capital International Investors lifted its position in shares of Norwegian Cruise Line by 0.5% during the 1st quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock valued at $423,136,000 after buying an additional 102,948 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 buying an additional 1,129,770 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Norwegian Cruise Line by 18.6% during the 2nd quarter. Victory Capital Management Inc. now owns 1,787,660 shares of the company’s stock valued at $33,590,000 after buying an additional 280,654 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Down 1.0 %

Shares of NCLH opened at $26.42 on Monday. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.13 and a 52-week high of $28.11. The company has a market capitalization of $11.62 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 0.27 and a beta of 2.67. The stock has a fifty day simple moving average of $22.73 and a two-hundred day simple moving average of $19.19. 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 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 during the quarter, compared to the consensus estimate of $2.77 billion. During the same period last year, the company earned $0.71 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current year.

Analyst Ratings Changes

NCLH has been the topic of a number of recent analyst reports. Truist Financial increased their target price on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Mizuho increased their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Barclays increased their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group increased 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 investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.60.

Insiders Place Their Bets

In related news, CAO Faye L. Ashby sold 38,344 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 116,270 shares of the company’s stock, valued at approximately $3,174,171. This trade represents a 24.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total value of $417,900.00. Following the sale, the chief financial officer now directly owns 253,386 shares of the company’s stock, valued at $7,059,333.96. The trade was a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,344 shares of company stock valued at $2,269,731 in the last three months. 0.52% of the stock is currently owned by insiders.

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.