14,715 Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC acquired a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 14,715 shares of the company’s stock, valued at approximately $302,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Norwegian Cruise Line by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock worth $71,791,000 after buying an additional 94,178 shares during the period. nVerses Capital LLC purchased a new stake in Norwegian Cruise Line in the third quarter worth $615,000. Principal Financial Group Inc. increased its stake in Norwegian Cruise Line by 6.2% in the third quarter. Principal Financial Group Inc. now owns 514,087 shares of the company’s stock worth $10,544,000 after purchasing an additional 30,182 shares during the period. Mackenzie Financial Corp lifted its position in shares of Norwegian Cruise Line by 26.7% during the second quarter. Mackenzie Financial Corp now owns 1,008,327 shares of the company’s stock worth $18,946,000 after purchasing an additional 212,787 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Norwegian Cruise Line by 7.0% in the third quarter. New York State Common Retirement Fund now owns 905,441 shares of the company’s stock worth $18,571,000 after purchasing an additional 59,375 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Truist Financial lifted their price objective on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday. The Goldman Sachs Group lifted their price target on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Mizuho lifted 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. Finally, Wells Fargo & Company increased their price target on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Hold” and an average price target of $28.27.

Insider Transactions at Norwegian Cruise Line

In other news, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line 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 completion of the sale, the insider now directly owns 97,304 shares in the company, valued at approximately $2,701,159.04. The trade was a 22.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Faye L. Ashby sold 38,344 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief accounting officer now directly owns 116,270 shares in the company, valued at approximately $3,174,171. The trade was a 24.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,344 shares of company stock worth $2,269,731. Insiders own 0.52% of the company’s stock.

Norwegian Cruise Line Stock Up 5.3 %

Shares of Norwegian Cruise Line stock opened at $28.31 on Tuesday. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.69 and a 52-week high of $28.64. The firm’s 50 day moving average price is $24.21 and its 200-day moving average price is $19.95. 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 market cap of $12.45 billion, a P/E ratio of 25.97, a PEG ratio of 0.30 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly 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. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 earnings per share. On average, sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current fiscal 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.