Natixis Advisors LLC Has $2.57 Million Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Natixis Advisors LLC increased its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 152.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 125,195 shares of the company’s stock after buying an additional 75,678 shares during the period. Natixis Advisors LLC’s holdings in Norwegian Cruise Line were worth $2,568,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NCLH. Louisiana State Employees Retirement System boosted its stake in Norwegian Cruise Line by 2.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock valued at $509,000 after purchasing an additional 500 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Norwegian Cruise Line by 1.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock valued at $918,000 after acquiring an additional 521 shares during the period. NBC Securities Inc. grew its stake in shares of Norwegian Cruise Line by 1.5% in the third quarter. NBC Securities Inc. now owns 45,603 shares of the company’s stock worth $935,000 after acquiring an additional 678 shares during the last quarter. Signaturefd LLC increased its position in Norwegian Cruise Line by 5.6% during the second quarter. Signaturefd LLC now owns 13,365 shares of the company’s stock worth $251,000 after acquiring an additional 705 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in Norwegian Cruise Line by 5.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 13,713 shares of the company’s stock valued at $258,000 after purchasing an additional 747 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NCLH has been the topic of several research reports. Tigress Financial boosted their price objective on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a report on Monday, November 11th. Bank of America upped their price target on Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $30.00 in a report on Wednesday, October 9th. Stifel Nicolaus upped their target price on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, The Goldman Sachs Group lifted their price target on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note 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 issued a strong buy rating to the stock. According to MarketBeat.com, Norwegian Cruise Line presently has an average rating of “Hold” and an average target price of $27.60.

Insider Buying and Selling

In related news, insider Andrea Demarco sold 29,000 shares of the 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 sale, the insider now owns 97,304 shares in the company, valued at approximately $2,701,159.04. This trade represents a 22.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark Kempa sold 15,000 shares of the firm’s stock in a transaction that occurred 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 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 over the last ninety days. Company insiders own 0.52% of the company’s stock.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $26.86 on Monday. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.14 and a 52 week high of $28.11. The firm has a market cap of $11.81 billion, a P/E ratio of 24.64, a P/E/G ratio of 0.30 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 fifty day moving average is $23.52 and its two-hundred day moving average is $19.56.

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

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.