Atria Investments Inc Grows Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Atria Investments Inc raised its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 15.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,113 shares of the company’s stock after buying an additional 2,910 shares during the quarter. Atria Investments Inc’s holdings in Norwegian Cruise Line were worth $454,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NCLH. Transcendent Capital Group LLC purchased a new stake in Norwegian Cruise Line in the first quarter valued at about $27,000. Sentry Investment Management LLC purchased a new position in shares of Norwegian Cruise Line in the second quarter worth about $39,000. Blue Trust Inc. raised its stake in shares of Norwegian Cruise Line by 489.8% in the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after purchasing an additional 1,817 shares during the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Norwegian Cruise Line in the third quarter worth about $78,000. Finally, Quarry LP raised its stake in shares of Norwegian Cruise Line by 419.1% in the second quarter. Quarry LP now owns 5,669 shares of the company’s stock worth $107,000 after purchasing an additional 4,577 shares during the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Norwegian Cruise Line

In other news, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total value of $805,040.00. Following the completion of the sale, the insider now directly owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. The trade was a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of Norwegian Cruise Line stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total value of $417,900.00. Following the completion of the sale, the chief financial officer now directly owns 253,386 shares of the company’s stock, valued at $7,059,333.96. The trade was a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,344 shares of company stock worth $2,269,731 over the last quarter. 0.52% of the stock is currently owned by company insiders.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock opened at $26.04 on Thursday. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.13 and a one year high of $28.11. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 0.27 and a beta of 2.67. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The business’s 50 day moving average price is $23.22 and its 200 day moving average price is $19.38.

Norwegian Cruise Line (NYSE:NCLH) last posted its earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the previous year, the business earned $0.71 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Bank of America raised their target price on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft raised their target price on Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their target price for the stock from $20.00 to $30.00 in a report on Wednesday, October 9th. StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, UBS Group raised their price objective on Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Norwegian Cruise Line currently has an average rating of “Hold” and an average price target of $27.60.

About Norwegian Cruise Line

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.