Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Acquired by Maverick Capital Ltd.

Maverick Capital Ltd. boosted its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 85.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 341,795 shares of the company’s stock after acquiring an additional 157,160 shares during the quarter. Maverick Capital Ltd.’s holdings in Norwegian Cruise Line were worth $7,010,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC increased its holdings in Norwegian Cruise Line by 34.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after purchasing an additional 429 shares during the period. Sentry Investment Management LLC acquired a new stake in Norwegian Cruise Line in the second quarter valued at $39,000. Blue Trust Inc. lifted its stake in Norwegian Cruise Line by 489.8% during the third 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. Brooklyn Investment Group purchased a new stake in shares of Norwegian Cruise Line during the 3rd quarter worth approximately $56,000. Finally, Huntington National Bank boosted its stake 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 acquiring an additional 2,221 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

NCLH has been the subject of several research analyst reports. UBS Group increased their price objective on Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Barclays lifted their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Wells Fargo & Company increased their price target 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. Mizuho upped their price objective on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.60.

Insiders Place Their Bets

In other Norwegian Cruise Line news, CFO Mark Kempa sold 15,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total transaction of $417,900.00. Following the sale, the chief financial officer now directly owns 253,386 shares of the company’s stock, valued at approximately $7,059,333.96. This represents a 5.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrea Demarco sold 29,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total transaction 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. The trade was a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,344 shares of company stock valued at $2,269,731 in the last quarter. Insiders own 0.52% of the company’s stock.

Norwegian Cruise Line Stock Down 0.1 %

NCLH stock opened at $26.90 on Friday. The company has a market capitalization of $11.83 billion, a P/E ratio of 24.67, a PEG ratio of 0.30 and a beta of 2.67. The firm has a 50 day simple moving average of $24.21 and a 200-day simple moving average of $19.89. 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 twelve month low of $14.69 and a twelve month high of $28.11.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. The company’s revenue was up 10.7% on a year-over-year basis. On average, equities research analysts predict 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.