QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 11,800 shares of the company’s stock, valued at approximately $628,000.
Other hedge funds also recently bought and sold shares of the company. Swiss National Bank lifted its holdings in Norwegian Cruise Line by 2.9% in the 2nd quarter. Swiss National Bank now owns 579,700 shares of the company’s stock worth $31,472,000 after purchasing an additional 16,200 shares in the last quarter. OxFORD Asset Management LLP purchased a new stake in shares of Norwegian Cruise Line during the 3rd quarter worth approximately $348,000. Guardian Capital LP purchased a new stake in shares of Norwegian Cruise Line during the 3rd quarter worth approximately $254,000. Impala Asset Management LLC purchased a new stake in shares of Norwegian Cruise Line during the 2nd quarter worth approximately $23,418,000. Finally, Honeywell International Inc. increased its position in shares of Norwegian Cruise Line by 246.8% during the 3rd quarter. Honeywell International Inc. now owns 513,200 shares of the company’s stock valued at $27,738,000 after purchasing an additional 365,200 shares during the last quarter. 88.85% of the stock is currently owned by hedge funds and other institutional investors.
In other Norwegian Cruise Line news, CEO Jason Montague sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $55.08, for a total value of $826,200.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $54.11, for a total value of $270,550,000.00. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by company insiders.
Several equities analysts have commented on NCLH shares. Zacks Investment Research raised Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Thursday. Argus began coverage on Norwegian Cruise Line in a report on Wednesday, October 25th. They issued a “buy” rating and a $68.00 target price for the company. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 target price (down from $69.00) on shares of Norwegian Cruise Line in a report on Thursday, October 19th. Tigress Financial reiterated a “buy” rating on shares of Norwegian Cruise Line in a report on Monday, November 27th. Finally, Wedbush set a $65.00 price objective on Norwegian Cruise Line and gave the stock a “buy” rating in a research note on Sunday, November 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $63.00.
Norwegian Cruise Line Holdings Ltd. (NCLH) opened at $57.85 on Friday. The firm has a market capitalization of $13,220.00, a PE ratio of 18.08, a PEG ratio of 0.56 and a beta of 1.09. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $44.20 and a 1-year high of $61.48. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 1.08.
Norwegian Cruise Line (NASDAQ:NCLH) last posted its earnings results on Thursday, November 9th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.82 by $0.04. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. Norwegian Cruise Line’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the company earned $1.62 earnings per share. sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 3.66 EPS for the current fiscal year.
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About Norwegian Cruise Line
Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.
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