iSAM Funds UK Ltd Takes $263,000 Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

iSAM Funds UK Ltd bought a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the third quarter, Holdings Channel.com reports. The firm bought 12,813 shares of the company’s stock, valued at approximately $263,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NCLH. Cetera Investment Advisers lifted its stake in Norwegian Cruise Line by 170.1% during the 1st quarter. Cetera Investment Advisers now owns 93,155 shares of the company’s stock valued at $1,950,000 after acquiring an additional 58,660 shares during the period. Cetera Advisors LLC lifted its position in Norwegian Cruise Line by 73.7% during the first quarter. Cetera Advisors LLC now owns 29,683 shares of the company’s stock valued at $621,000 after purchasing an additional 12,592 shares during the period. SG Americas Securities LLC boosted its holdings in Norwegian Cruise Line by 231.6% in the second quarter. SG Americas Securities LLC now owns 384,557 shares of the company’s stock valued at $7,226,000 after purchasing an additional 268,578 shares during the last quarter. Czech National Bank grew its position in Norwegian Cruise Line by 9.2% during the 2nd quarter. Czech National Bank now owns 81,757 shares of the company’s stock worth $1,536,000 after purchasing an additional 6,913 shares during the period. Finally, Great Valley Advisor Group Inc. raised its stake in shares of Norwegian Cruise Line by 18.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 15,674 shares of the company’s stock valued at $295,000 after buying an additional 2,448 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Insider Buying and Selling at Norwegian Cruise Line

In other news, CFO Mark Kempa sold 15,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 253,386 shares in the company, valued at approximately $7,059,333.96. This represents a 5.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line stock in a transaction that occurred 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 owns 97,304 shares of the company’s stock, valued at $2,701,159.04. This trade represents a 22.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,344 shares of company stock worth $2,269,731 over the last quarter. 0.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on NCLH. Wells Fargo & Company raised their target price on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Bank of America lifted their target price on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. increased their price target on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Tigress Financial lifted their price objective on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a report on Monday, November 11th. Finally, Morgan Stanley increased their target price on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $28.27.

Norwegian Cruise Line Price Performance

NCLH stock opened at $27.65 on Monday. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.69 and a 1 year high of $28.64. The firm has a market capitalization of $12.16 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 0.31 and a beta of 2.66. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The business has a 50 day simple moving average of $24.90 and a 200-day simple moving average of $20.32.

Norwegian Cruise Line (NYSE:NCLH) last issued its 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 during 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 company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current fiscal year.

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.