Norwegian Cruise Line Holdings Ltd. $NCLH Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 23.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 593,189 shares of the company’s stock after buying an additional 111,982 shares during the period. New York State Common Retirement Fund’s holdings in Norwegian Cruise Line were worth $14,610,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Chapin Davis Inc. acquired a new position in shares of Norwegian Cruise Line in the third quarter worth $3,604,000. Allspring Global Investments Holdings LLC increased its position in Norwegian Cruise Line by 27.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 457,169 shares of the company’s stock worth $11,059,000 after purchasing an additional 97,275 shares in the last quarter. Goldentree Asset Management LP raised its stake in Norwegian Cruise Line by 23.9% in the 2nd quarter. Goldentree Asset Management LP now owns 3,997,792 shares of the company’s stock valued at $80,908,000 after purchasing an additional 771,955 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Norwegian Cruise Line in the 2nd quarter valued at about $3,407,000. Finally, Blair William & Co. IL acquired a new stake in shares of Norwegian Cruise Line during the 2nd quarter worth about $3,316,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NCLH. Morgan Stanley cut their price objective on shares of Norwegian Cruise Line from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. TD Cowen reiterated a “buy” rating on shares of Norwegian Cruise Line in a report on Tuesday, January 13th. UBS Group restated a “neutral” rating on shares of Norwegian Cruise Line in a report on Wednesday, January 21st. Susquehanna cut their price objective on shares of Norwegian Cruise Line from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Finally, Bank of America boosted their target price on shares of Norwegian Cruise Line from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Norwegian Cruise Line has a consensus rating of “Moderate Buy” and an average target price of $27.05.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock opened at $23.62 on Tuesday. The company has a market cap of $10.75 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 0.55 and a beta of 2.07. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.21 and a 12 month high of $28.91. The company has a debt-to-equity ratio of 6.22, a current ratio of 0.19 and a quick ratio of 0.17. The stock’s 50-day moving average is $21.51 and its 200-day moving average is $22.69.

Norwegian Cruise Line (NYSE:NCLH) last posted its earnings results on Tuesday, November 4th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. Norwegian Cruise Line had a net margin of 6.85% and a return on equity of 55.51%. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.03 billion. Equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

Insider Buying and Selling

In other Norwegian Cruise Line news, Director Stella David purchased 6,986 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average cost of $18.59 per share, with a total value of $129,869.74. Following the transaction, the director owned 103,474 shares in the company, valued at approximately $1,923,581.66. This trade represents a 7.24% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Harry C. Curtis acquired 5,000 shares of the business’s stock in a transaction on Friday, November 7th. The stock was bought at an average cost of $19.25 per share, for a total transaction of $96,250.00. Following the completion of the transaction, the director directly owned 50,325 shares of the company’s stock, valued at $968,756.25. This trade represents a 11.03% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 90,029 shares of company stock valued at $1,663,575. 0.41% of the stock is owned by corporate insiders.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a global cruise operator offering a portfolio of premium brands that includes Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company provides sea voyages and related onboard services such as dining, entertainment, shore excursions and destination experiences. Its fleet of modern vessels sails to more than 400 destinations across all seven continents, serving leisure travelers with itineraries ranging from short Caribbean getaways to extended world voyages.

Founded in 1966 by Knut Kloster and Ted Arison, the company pioneered the concept of “Freestyle Cruising,” which allows passengers greater flexibility in dining schedules, entertainment choices and onboard activities.