Oppenheimer Asset Management Inc. Makes New $212,000 Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Oppenheimer Asset Management Inc. bought a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,315 shares of the company’s stock, valued at approximately $212,000.

A number of other large investors have also recently made changes to their positions in NCLH. Transcendent Capital Group LLC purchased a new position in shares of Norwegian Cruise Line during the first quarter valued at approximately $27,000. Sentry Investment Management LLC bought a new position in Norwegian Cruise Line in the second quarter worth approximately $39,000. Blue Trust Inc. grew its holdings in 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 Norwegian Cruise Line in the third quarter worth $78,000. Finally, Quarry LP grew its holdings in shares of Norwegian Cruise Line by 419.1% during the second quarter. Quarry LP now owns 5,669 shares of the company’s stock valued at $107,000 after buying an additional 4,577 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Stock Down 1.1 %

NCLH opened at $26.04 on Thursday. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.13 and a fifty-two week high of $28.11. The company has a market capitalization of $11.45 billion, a P/E ratio of 23.89, a P/E/G ratio of 0.27 and a beta of 2.67. The stock has a fifty day moving average of $23.22 and a 200-day moving average of $19.38.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly 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 firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period last year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on NCLH shares. Barclays increased their price objective on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Citigroup upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their price objective for the company from $20.00 to $30.00 in a report on Wednesday, October 9th. StockNews.com upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Bank of America lifted their price target on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Finally, Macquarie raised their price objective on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $27.60.

Insider Buying and Selling

In other news, CAO Faye L. Ashby sold 38,344 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the sale, the chief accounting officer now directly owns 116,270 shares in the company, valued at $3,174,171. This trade represents a 24.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was 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 owns 253,386 shares in the company, valued at $7,059,333.96. This represents a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,344 shares of company stock valued at $2,269,731. Corporate insiders own 0.52% of the company’s stock.

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.