Wellington Management Group LLP Buys 10,174 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Wellington Management Group LLP increased its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 201,150 shares of the company’s stock after purchasing an additional 10,174 shares during the quarter. Wellington Management Group LLP’s holdings in Norwegian Cruise Line were worth $4,031,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Norwegian Cruise Line by 58.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock valued at $62,240,000 after buying an additional 1,141,086 shares during the period. WealthPlan Investment Management LLC purchased a new stake in Norwegian Cruise Line during the third quarter valued at about $1,824,000. Deutsche Bank AG boosted its position in Norwegian Cruise Line by 44.3% during the third quarter. Deutsche Bank AG now owns 879,293 shares of the company’s stock worth $14,491,000 after purchasing an additional 269,849 shares during the period. Boulder Hill Capital Management LP purchased a new position in shares of Norwegian Cruise Line in the fourth quarter worth about $2,447,000. Finally, AGF Management Ltd. raised its position in shares of Norwegian Cruise Line by 27.6% in the fourth quarter. AGF Management Ltd. now owns 625,438 shares of the company’s stock valued at $12,534,000 after purchasing an additional 135,121 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Norwegian Cruise Line from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, May 21st. Truist Financial upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $21.00 in a research report on Wednesday, May 29th. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Citigroup lifted their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Finally, Wells Fargo & Company increased their price target on shares of Norwegian Cruise Line from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $21.79.

Insider Buying and Selling at Norwegian Cruise Line

In related news, Director Zillah Byng-Thorne purchased 13,360 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were acquired at an average cost of $16.50 per share, with a total value of $220,440.00. Following the purchase, the director now directly owns 13,360 shares of the company’s stock, valued at $220,440. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.87% of the company’s stock.

Norwegian Cruise Line Trading Up 0.8 %

NYSE NCLH opened at $18.79 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 33.16. The stock’s 50-day simple moving average is $17.18 and its two-hundred day simple moving average is $18.09. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $12.70 and a twelve month high of $22.75. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 0.31 and a beta of 2.62.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.24 billion. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. Research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.17 EPS for the current fiscal year.

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.