The Manufacturers Life Insurance Company Purchases 983 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

The Manufacturers Life Insurance Company boosted its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 316,457 shares of the company’s stock after purchasing an additional 983 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of Norwegian Cruise Line worth $6,491,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NCLH. Charles Schwab Investment Management Inc. increased its stake in shares of Norwegian Cruise Line by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock valued at $71,791,000 after buying an additional 94,178 shares in the last quarter. nVerses Capital LLC acquired a new stake in Norwegian Cruise Line in the 3rd quarter valued at about $615,000. Principal Financial Group Inc. raised its stake in shares of Norwegian Cruise Line by 6.2% in the third quarter. Principal Financial Group Inc. now owns 514,087 shares of the company’s stock worth $10,544,000 after acquiring an additional 30,182 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Norwegian Cruise Line by 26.7% during the second quarter. Mackenzie Financial Corp now owns 1,008,327 shares of the company’s stock worth $18,946,000 after purchasing an additional 212,787 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Norwegian Cruise Line by 7.0% during the third quarter. New York State Common Retirement Fund now owns 905,441 shares of the company’s stock valued at $18,571,000 after purchasing an additional 59,375 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Trading Down 0.2 %

Shares of Norwegian Cruise Line stock opened at $27.62 on Friday. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.69 and a 52-week high of $28.64. The stock has a market cap of $12.14 billion, a PE ratio of 25.34, a PEG ratio of 0.31 and a beta of 2.65. The firm has a 50-day moving average of $24.76 and a 200-day moving average of $20.23. 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 (NYSE:NCLH) last announced its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current year.

Insiders Place Their Bets

In other news, insider Andrea Demarco sold 29,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total transaction of $805,040.00. Following the completion of the sale, the insider now owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. This represents a 22.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total transaction of $417,900.00. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 82,344 shares of company stock worth $2,269,731 in the last 90 days. Company insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NCLH shares. Morgan Stanley upped their price objective on Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised their price target on Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a report on Friday, November 1st. Mizuho boosted their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wells Fargo & Company raised their target price on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, StockNews.com upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Norwegian Cruise Line presently has an average rating of “Hold” and a consensus price target of $28.27.

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.