Norwegian Cruise Line Holdings Ltd. $NCLH Shares Purchased by Bank of America Corp DE

Key Points

• Bank of America increased its Norwegian Cruise Line stake by 61% in the first quarter, purchasing 971,809 additional shares and bringing its holdings to 2.57 million shares valued at approximately $48 million.
• Institutional ownership remains high at 69.58%, while company insiders have purchased 1.56 million shares worth nearly $28 million over the past 90 days, including sizable purchases by the CEO and a director.
• Analysts maintain a consensus “Hold” rating with a $21.15 price target. NCLH recently reported quarterly EPS of $0.48, beating estimates of $0.41, while revenue of $2.64 billion was slightly below expectations.

Bank of America Corp DE boosted its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 61.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,566,087 shares of the company's stock after buying an additional 971,809 shares during the quarter. Bank of America Corp DE owned approximately 0.56% of Norwegian Cruise Line worth $47,986,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital International Investors boosted its holdings in Norwegian Cruise Line by 7.1% in the fourth quarter. Capital International Investors now owns 56,177,669 shares of the company's stock valued at $1,253,886,000 after purchasing an additional 3,728,929 shares in the last quarter. Vanguard Group Inc. raised its holdings in Norwegian Cruise Line by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 52,846,173 shares of the company's stock worth $1,179,527,000 after purchasing an additional 157,974 shares in the last quarter. State Street Corp raised its holdings in Norwegian Cruise Line by 0.4% during the fourth quarter. State Street Corp now owns 16,304,827 shares of the company's stock worth $363,924,000 after purchasing an additional 66,329 shares in the last quarter. Elliott Investment Management L.P. purchased a new stake in shares of Norwegian Cruise Line during the 1st quarter worth approximately $246,578,000. Finally, Geode Capital Management LLC lifted its position in shares of Norwegian Cruise Line by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 12,205,008 shares of the company's stock worth $271,951,000 after buying an additional 262,086 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jonathan Z. Cohen acquired 30,000 shares of the company's stock in a transaction on Wednesday, May 20th. The shares were bought at an average cost of $15.83 per share, with a total value of $474,900.00. Following the purchase, the director owned 38,912 shares of the company's stock, valued at $615,976.96. This represents a 336.62% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John Chidsey acquired 153,000 shares of the business's stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of $16.37 per share, with a total value of $2,504,610.00. Following the transaction, the chief executive officer owned 1,139,940 shares in the company, valued at $18,660,817.80. The trade was a 15.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 1,563,000 shares of company stock valued at $27,971,810. Company insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NCLH shares. Citigroup dropped their target price on shares of Norwegian Cruise Line from $25.00 to $22.00 and set a "buy" rating on the stock in a research report on Friday, July 31st. Zacks Research upgraded shares of Norwegian Cruise Line from a "strong sell" rating to a "hold" rating in a research note on Monday, July 6th. Bank of America reaffirmed a "neutral" rating on shares of Norwegian Cruise Line in a report on Friday, July 31st. Northcoast Research cut Norwegian Cruise Line from a "buy" rating to a "neutral" rating in a research report on Wednesday, May 6th. Finally, Tigress Financial reduced their target price on Norwegian Cruise Line from $38.00 to $32.00 and set a "strong-buy" rating for the company in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $21.15.

Norwegian Cruise Line Trading Up 0.7%

NYSE NCLH opened at $18.84 on Thursday. The firm's fifty day moving average is $19.69 and its two-hundred day moving average is $19.82. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.53 and a one year high of $27.18. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.17 and a current ratio of 0.20. The firm has a market cap of $8.65 billion, a PE ratio of 11.78, a P/E/G ratio of 1.17 and a beta of 1.90.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.07. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.65 billion. Norwegian Cruise Line had a return on equity of 41.38% and a net margin of 7.49%.The business's revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $0.51 earnings per share. Norwegian Cruise Line has set its Q3 2026 guidance at 0.900-0.900 EPS and its FY 2026 guidance at 1.500-1.500 EPS. Analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.44 earnings per share for the current year.

Norwegian Cruise Line 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.

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