16,152 Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Bought by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,152 shares of the company's stock, valued at approximately $416,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Zacks Investment Management acquired a new position in Norwegian Cruise Line in the 3rd quarter worth about $3,821,000. Hodges Capital Management Inc. increased its holdings in Norwegian Cruise Line by 1.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company's stock worth $31,678,000 after purchasing an additional 23,075 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Norwegian Cruise Line by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company's stock worth $71,791,000 after purchasing an additional 94,178 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in Norwegian Cruise Line by 1,104.7% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 178,603 shares of the company's stock worth $3,663,000 after purchasing an additional 163,777 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in Norwegian Cruise Line in the 3rd quarter worth about $615,000. 69.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on NCLH. Macquarie reaffirmed an "outperform" rating and issued a $30.00 target price on shares of Norwegian Cruise Line in a report on Friday, January 17th. Barclays raised Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $28.00 to $32.00 in a research note on Friday, December 13th. UBS Group increased their price target on Norwegian Cruise Line from $19.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Stifel Nicolaus increased their price target on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Finally, Truist Financial increased their price target on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.27.

Insiders Place Their Bets

In other news, CFO Mark Kempa sold 15,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 253,386 shares in the company, valued at $7,059,333.96. This trade represents a 5.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrea Demarco sold 29,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider now owns 97,304 shares in the company, valued at $2,701,159.04. This represents a 22.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,344 shares of company stock worth $2,269,731. Corporate insiders own 0.52% of the company's stock.

Norwegian Cruise Line Stock Down 2.8 %

NYSE:NCLH traded down $0.74 on Friday, hitting $25.68. The stock had a trading volume of 8,848,047 shares, compared to its average volume of 6,393,251. The business's fifty day moving average is $26.44 and its 200 day moving average is $22.45. The company has a market cap of $11.29 billion, a PE ratio of 23.56, a P/E/G ratio of 0.24 and a beta of 2.64. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.69 and a 52 week high of $28.64.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. On average, equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.5 EPS 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.