Blueshift Asset Management LLC Takes Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Blueshift Asset Management LLC acquired a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 61,305 shares of the company’s stock, valued at approximately $1,257,000.

Several other institutional investors and hedge funds have also modified their holdings of NCLH. Baillie Gifford & Co. purchased a new stake in shares of Norwegian Cruise Line in the third quarter worth about $179,146,000. Dimensional Fund Advisors LP boosted 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 acquiring an additional 1,129,770 shares during the last quarter. Charles Schwab Investment Management Inc. grew 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 valued at $71,791,000 after purchasing an additional 94,178 shares in the last quarter. Victory Capital Management Inc. raised its stake in Norwegian Cruise Line by 18.6% during the second quarter. Victory Capital Management Inc. now owns 1,787,660 shares of the company’s stock valued at $33,590,000 after purchasing an additional 280,654 shares in the last quarter. Finally, Hodges Capital Management Inc. grew its stake in shares of Norwegian Cruise Line by 33.0% in the 2nd quarter. Hodges Capital Management Inc. now owns 1,521,440 shares of the company’s stock worth $28,588,000 after buying an additional 377,233 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Argus upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Truist Financial raised their target price on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. UBS Group upped their target price on Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Bank of America lifted their target price on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.60.

Norwegian Cruise Line Price Performance

Shares of NCLH opened at $27.17 on Wednesday. The company has a 50 day moving average of $23.81 and a two-hundred day moving average of $19.71. The company has a market cap of $11.95 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth 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. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.14 and a twelve month high of $28.11.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data 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. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the firm earned $0.71 EPS. As a group, analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Andrea Demarco sold 29,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total value of $805,040.00. Following the transaction, the insider now directly owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. This represents a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $27.30, for a total value of $1,046,791.20. Following the sale, the chief accounting officer now directly owns 116,270 shares of the company’s stock, valued at $3,174,171. This trade represents a 24.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,344 shares of company stock valued at $2,269,731. Insiders own 0.52% of the company’s stock.

Norwegian Cruise Line Company 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.