Qsemble Capital Management LP Takes Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Qsemble Capital Management LP bought a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 25,870 shares of the company’s stock, valued at approximately $531,000.

A number of other large investors have also recently made changes to their positions in the stock. Avior Wealth Management LLC lifted its stake in Norwegian Cruise Line by 34.1% in the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after acquiring an additional 429 shares during the period. Sentry Investment Management LLC bought a new position in Norwegian Cruise Line during the 2nd quarter worth about $39,000. Blue Trust Inc. grew its holdings in Norwegian Cruise Line by 489.8% during the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after acquiring an additional 1,817 shares in the last quarter. Huntington National Bank grew its holdings in Norwegian Cruise Line by 173.1% during the 3rd quarter. Huntington National Bank now owns 3,504 shares of the company’s stock worth $72,000 after acquiring an additional 2,221 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in Norwegian Cruise Line during the 3rd quarter worth about $78,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NCLH. Deutsche Bank Aktiengesellschaft increased their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Wells Fargo & Company increased 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 report on Friday, November 1st. UBS Group increased their price target on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Truist Financial increased their price target on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, Susquehanna increased their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Norwegian Cruise Line has an average rating of “Hold” and an average target price of $27.60.

Insiders Place Their Bets

In other Norwegian Cruise Line news, CAO Faye L. Ashby sold 38,344 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Andrea Demarco sold 29,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 97,304 shares of the company’s stock, valued at $2,701,159.04. This represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is owned by insiders.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock opened at $26.92 on Thursday. The firm has a market capitalization of $11.84 billion, a P/E ratio of 24.70, a PEG ratio of 0.31 and a beta of 2.67. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The company has a 50 day moving average price of $23.96 and a 200 day moving average price of $19.77. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.14 and a 52 week high of $28.11.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating 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 net margin of 5.87% and a return on equity of 99.31%. Norwegian Cruise Line’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm posted $0.71 EPS. Sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current year.

About Norwegian Cruise Line

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.