Thrivent Financial for Lutherans Grows Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Thrivent Financial for Lutherans grew its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,016 shares of the company’s stock after acquiring an additional 509 shares during the period. Thrivent Financial for Lutherans’ holdings in Norwegian Cruise Line were worth $944,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sentry Investment Management LLC bought a new stake in shares of Norwegian Cruise Line in the 2nd quarter valued at about $39,000. Blue Trust Inc. increased its holdings in Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after buying an additional 1,817 shares during the period. Huntington National Bank raised its stake in Norwegian Cruise Line by 173.1% in the third quarter. Huntington National Bank now owns 3,504 shares of the company’s stock worth $72,000 after buying an additional 2,221 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new stake in Norwegian Cruise Line during the third quarter worth $78,000. Finally, Quarry LP lifted its holdings in Norwegian Cruise Line by 419.1% during the second quarter. Quarry LP now owns 5,669 shares of the company’s stock worth $107,000 after buying an additional 4,577 shares during the period. 69.58% of the stock is 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 the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total transaction of $805,040.00. Following the transaction, the insider now owns 97,304 shares in the company, valued at $2,701,159.04. This trade represents a 22.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $417,900.00. Following the completion of the sale, the chief financial officer now directly owns 253,386 shares in the company, valued at $7,059,333.96. This represents a 5.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders 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 Price Performance

Shares of NCLH opened at $28.31 on Tuesday. The company has a market capitalization of $12.45 billion, a P/E ratio of 26.06, a P/E/G ratio of 0.30 and a beta of 2.67. The business’s 50-day moving average is $24.21 and its two-hundred day moving average is $19.95. 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 $14.69 and a fifty-two week high of $28.64.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. Norwegian Cruise Line’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. Research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on NCLH shares. JPMorgan Chase & Co. boosted their price target on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Mizuho increased their price target on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company raised their price target on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. UBS Group boosted their price objective on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, StockNews.com upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Norwegian Cruise Line has a consensus rating of “Hold” and an average target price of $28.27.

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.