Advisory Alpha LLC Invests $227,000 in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Advisory Alpha LLC purchased a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 8,806 shares of the company’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NCLH. Dimensional Fund Advisors LP boosted its stake in Norwegian Cruise Line by 32.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after purchasing an additional 1,129,770 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Norwegian Cruise Line by 5.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 13,713 shares of the company’s stock worth $258,000 after purchasing an additional 747 shares during the period. AE Wealth Management LLC bought a new position in Norwegian Cruise Line in the 2nd quarter worth about $196,000. Sei Investments Co. boosted its stake in Norwegian Cruise Line by 13.9% in the 2nd quarter. Sei Investments Co. now owns 148,647 shares of the company’s stock worth $2,793,000 after purchasing an additional 18,167 shares during the period. Finally, ProShare Advisors LLC boosted its stake in Norwegian Cruise Line by 76.0% in the 2nd quarter. ProShare Advisors LLC now owns 132,900 shares of the company’s stock worth $2,497,000 after purchasing an additional 57,402 shares during the period. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Price Performance

Shares of Norwegian Cruise Line stock opened at $26.46 on Friday. 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’s 50 day simple moving average is $26.46 and its two-hundred day simple moving average is $22.37. The stock has a market capitalization of $11.63 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 0.25 and a beta of 2.64. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.69 and a one year high of $28.64.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. The business 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 quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. Analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.5 EPS for the current year.

Insider Transactions at Norwegian Cruise Line

In related news, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the sale, the chief accounting officer now directly owns 116,270 shares in the company, valued at $3,174,171. The trade was a 24.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total value of $417,900.00. Following the sale, the chief financial officer now owns 253,386 shares in the company, valued at $7,059,333.96. This represents a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,344 shares of company stock worth $2,269,731. 0.52% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on NCLH. Mizuho raised their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their price target on Norwegian Cruise Line from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, December 17th. Macquarie reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Norwegian Cruise Line in a report on Friday, January 17th. Wells Fargo & Company raised their price target on Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Finally, Morgan Stanley raised their price target on Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Norwegian Cruise Line has a consensus rating of “Moderate Buy” and an average target price of $29.27.

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.