ING Groep NV Boosts Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

ING Groep NV lifted its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 1,340.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 831,505 shares of the company’s stock after purchasing an additional 773,772 shares during the period. ING Groep NV’s holdings in Norwegian Cruise Line were worth $17,054,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Transcendent Capital Group LLC acquired a new position in shares of Norwegian Cruise Line during the first quarter worth $27,000. Sentry Investment Management LLC acquired a new stake in shares of Norwegian Cruise Line during the 2nd quarter worth about $39,000. Blue Trust Inc. raised its position in shares of Norwegian Cruise Line by 489.8% during the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after acquiring an additional 1,817 shares in the last quarter. Huntington National Bank boosted its holdings in Norwegian Cruise Line by 173.1% in the third quarter. Huntington National Bank now owns 3,504 shares of the company’s stock valued at $72,000 after purchasing an additional 2,221 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Norwegian Cruise Line during the 3rd quarter worth approximately $78,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Insider Transactions at Norwegian Cruise Line

In other news, CAO Faye L. Ashby sold 38,344 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 owns 97,304 shares in the company, valued at $2,701,159.04. The trade was a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,344 shares of company stock worth $2,269,731 in the last quarter. 0.52% of the stock is owned by company insiders.

Norwegian Cruise Line Trading Down 2.3 %

NCLH stock opened at $26.67 on Friday. 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 firm has a market cap of $11.73 billion, a P/E ratio of 24.47, a P/E/G ratio of 0.28 and a beta of 2.67. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.10 and a 1-year high of $28.11. The business’s 50 day moving average is $22.35 and its 200-day moving average is $19.07.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.94 by $0.05. The company had revenue of $2.81 billion for 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 revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. Equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Argus upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Truist Financial upped their target price on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Wells Fargo & Company lifted their target price on Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, Tigress Financial upped their price target on Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research note on Monday. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $27.60.

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.