Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC raised its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 16.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,439 shares of the company’s stock after acquiring an additional 2,404 shares during the period. MML Investors Services LLC’s holdings in Norwegian Cruise Line were worth $358,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of NCLH. Baillie Gifford & Co. acquired a new position in shares of Norwegian Cruise Line during the 3rd quarter valued at about $179,146,000. Two Sigma Advisers LP raised its stake in Norwegian Cruise Line by 864.9% during the third quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock worth $79,263,000 after purchasing an additional 3,464,100 shares during the period. Columbus Hill Capital Management L.P. acquired a new position in Norwegian Cruise Line in the 2nd quarter valued at about $23,479,000. Dimensional Fund Advisors LP grew its stake in shares of Norwegian Cruise Line by 32.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after buying an additional 1,129,770 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of Norwegian Cruise Line in the 2nd quarter valued at approximately $15,213,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Andrea Demarco sold 29,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were 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. This represents a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Faye L. Ashby sold 38,344 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $27.30, for a total value of $1,046,791.20. Following the transaction, the chief accounting officer now directly owns 116,270 shares in the company, valued at approximately $3,174,171. This represents a 24.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,344 shares of company stock worth $2,269,731 in the last quarter. 0.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Barclays upgraded Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $28.00 to $32.00 in a research report on Friday, December 13th. Mizuho raised their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Truist Financial boosted their price objective on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Argus raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Norwegian Cruise Line presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.27.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock opened at $26.42 on Wednesday. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.69 and a 52 week high of $28.64. The firm’s 50 day moving average is $26.02 and its two-hundred day moving average is $21.09. The firm has a market capitalization of $11.62 billion, a P/E ratio of 24.24, a P/E/G ratio of 0.30 and a beta of 2.65.

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 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 the consensus estimate of $2.77 billion. During the same period last year, the firm posted $0.71 EPS. The company’s revenue was up 10.7% on a year-over-year basis. Research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS 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.