Healthcare of Ontario Pension Plan Trust Fund Takes $1.48 Million Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the third quarter, Holdings Channel.com reports. The firm bought 72,200 shares of the company’s stock, valued at approximately $1,481,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Blueshift Asset Management LLC acquired a new stake in shares of Norwegian Cruise Line during the 3rd quarter valued at $1,257,000. Glenmede Trust Co. NA raised its position in Norwegian Cruise Line by 8.7% in the third quarter. Glenmede Trust Co. NA now owns 17,201 shares of the company’s stock valued at $353,000 after purchasing an additional 1,381 shares during the last quarter. Townsquare Capital LLC boosted its stake in shares of Norwegian Cruise Line by 45.1% during the third quarter. Townsquare Capital LLC now owns 18,300 shares of the company’s stock valued at $375,000 after purchasing an additional 5,687 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Norwegian Cruise Line during the third quarter worth about $56,000. Finally, Quantbot Technologies LP increased its stake in shares of Norwegian Cruise Line by 1,816.7% in the third quarter. Quantbot Technologies LP now owns 365,845 shares of the company’s stock valued at $7,503,000 after buying an additional 346,758 shares during the period. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Trading Down 0.1 %

NCLH opened at $26.89 on Monday. The company has a fifty day moving average price of $24.21 and a two-hundred day moving average price of $19.95. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $28.11. The company has a market cap of $11.82 billion, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 0.30 and a beta of 2.67. 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 (NYSE:NCLH) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share 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 for the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the business earned $0.71 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NCLH has been the topic of a number of research reports. Mizuho boosted their target price on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wells Fargo & Company boosted their price objective 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. Tigress Financial raised their target price on Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 11th. UBS Group upped their price target on Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Citigroup upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $30.00 in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.60.

Insider Buying and Selling

In related news, CAO Faye L. Ashby sold 38,344 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $27.30, for a total value of $1,046,791.20. Following the transaction, the chief accounting officer now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Kempa sold 15,000 shares of Norwegian Cruise Line stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total value of $417,900.00. Following the transaction, the chief financial officer now owns 253,386 shares of the company’s stock, valued at $7,059,333.96. This trade represents a 5.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,344 shares of company stock worth $2,269,731 in the last ninety days. Corporate insiders own 0.52% of the company’s stock.

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.