Harbor Capital Advisors Inc. Makes New Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Harbor Capital Advisors Inc. purchased a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 220,621 shares of the company’s stock, valued at approximately $5,677,000. Harbor Capital Advisors Inc. owned 0.05% of Norwegian Cruise Line at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avior Wealth Management LLC boosted its holdings in Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after buying an additional 429 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Norwegian Cruise Line by 2.1% in the third quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock worth $509,000 after acquiring an additional 500 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Norwegian Cruise Line by 1.1% during the third quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock worth $944,000 after purchasing an additional 509 shares in the last quarter. Mount Lucas Management LP raised its stake in Norwegian Cruise Line by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 22,055 shares of the company’s stock valued at $452,000 after purchasing an additional 516 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Norwegian Cruise Line by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock worth $918,000 after purchasing an additional 521 shares during the period. 69.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NCLH has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Tigress Financial increased 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. Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $20.00 to $30.00 in a report on Wednesday, October 9th. Macquarie increased their price target on Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Morgan Stanley lifted their price objective on 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 research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.27.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock opened at $25.78 on Friday. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $28.64. The company’s 50-day moving average is $26.55 and its 200 day moving average is $21.87. The firm has a market capitalization of $11.34 billion, a P/E ratio of 23.65, a price-to-earnings-growth ratio of 0.30 and a beta of 2.64. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17.

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 analysts’ consensus estimates of $0.94 by $0.05. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates 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 was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 earnings per share. Research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current year.

Insider Activity at Norwegian Cruise Line

In other Norwegian Cruise Line news, CFO Mark Kempa sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total value of $417,900.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total value 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. The trade was a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,344 shares of company stock worth $2,269,731 in the last 90 days. 0.52% of the stock is owned by corporate insiders.

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.