Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Position Increased by Mount Lucas Management LP

Mount Lucas Management LP raised its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 2.4% during the third quarter, HoldingsChannel.com reports. The firm owned 22,055 shares of the company’s stock after buying an additional 516 shares during the quarter. Mount Lucas Management LP’s holdings in Norwegian Cruise Line were worth $452,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NCLH. Transcendent Capital Group LLC bought a new stake in shares of Norwegian Cruise Line in the 1st quarter valued at approximately $27,000. Sentry Investment Management LLC bought a new stake in Norwegian Cruise Line in the second quarter worth approximately $39,000. Blue Trust Inc. increased its stake 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 purchasing an additional 1,817 shares during the last quarter. Huntington National Bank increased its stake in shares of Norwegian Cruise Line by 173.1% during the 3rd quarter. Huntington National Bank now owns 3,504 shares of the company’s stock worth $72,000 after purchasing an additional 2,221 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in shares of Norwegian Cruise Line during the 3rd quarter valued at $78,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft increased their price objective on Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a report on Friday, November 1st. Susquehanna boosted their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Barclays increased their price target on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Finally, Bank of America boosted their price objective on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Norwegian Cruise Line has an average rating of “Hold” and an average price target of $27.60.

Insider Buying and Selling

In related news, insider Andrea Demarco sold 29,000 shares of the stock in a transaction dated 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. This trade represents a 22.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Faye L. Ashby sold 38,344 shares of the business’s stock in a transaction dated 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 owns 116,270 shares in the company, valued at approximately $3,174,171. This trade represents a 24.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,344 shares of company stock valued at $2,269,731 over the last quarter. Corporate insiders own 0.52% of the company’s stock.

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH opened at $26.42 on Monday. The firm has a market capitalization of $11.62 billion, a PE ratio of 24.24, a PEG ratio of 0.27 and a beta of 2.67. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.13 and a 1-year high of $28.11. The business’s 50 day moving average is $22.73 and its 200-day moving average is $19.19.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 earnings per share. Sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.64 earnings per share for the current year.

Norwegian Cruise Line 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.