7,930 Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Purchased by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas bought a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 7,930 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in Norwegian Cruise Line by 2.0% in the fourth quarter. Fifth Third Bancorp now owns 40,534 shares of the company’s stock valued at $1,043,000 after acquiring an additional 795 shares during the last quarter. CX Institutional bought a new position in shares of Norwegian Cruise Line in the 4th quarter valued at $207,000. RFG Advisory LLC acquired a new position in shares of Norwegian Cruise Line during the 4th quarter worth $270,000. Yeomans Consulting Group Inc. acquired a new stake in Norwegian Cruise Line in the fourth quarter valued at about $327,000. Finally, Advisory Alpha LLC bought a new position in Norwegian Cruise Line in the fourth quarter valued at about $227,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on NCLH. Bank of America increased their target price on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. The Goldman Sachs Group raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $29.00 to $35.00 in a research note on Tuesday, December 10th. Truist Financial increased their price target on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. UBS Group boosted their price objective on Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.27.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock opened at $25.68 on Friday. The company has a market cap of $11.29 billion, a P/E ratio of 23.56, a PEG ratio of 0.24 and a beta of 2.64. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The business has a 50-day moving average price of $26.44 and a two-hundred day moving average price of $22.45. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $28.64.

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, beating the consensus estimate of $0.94 by $0.05. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 earnings per share. As a group, analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.5 EPS for the current year.

Insiders Place Their Bets

In other Norwegian Cruise Line news, CFO Mark Kempa sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total value of $417,900.00. Following the completion of the sale, the chief financial officer now owns 253,386 shares of the company’s stock, valued at approximately $7,059,333.96. This trade represents a 5.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Andrea Demarco sold 29,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total value of $805,040.00. Following the completion of the transaction, the insider now owns 97,304 shares in the company, valued at approximately $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. Over the last ninety days, insiders sold 82,344 shares of company stock worth $2,269,731. 0.52% of the stock is currently owned by company insiders.

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.