Zullo Investment Group Inc. Acquires 5,100 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Zullo Investment Group Inc. raised its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHGet Rating) by 204.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,600 shares of the company’s stock after acquiring an additional 5,100 shares during the period. Zullo Investment Group Inc.’s holdings in Norwegian Cruise Line were worth $166,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Covestor Ltd grew its position in Norwegian Cruise Line by 5,020.8% during the first quarter. Covestor Ltd now owns 1,229 shares of the company’s stock valued at $27,000 after acquiring an additional 1,205 shares during the last quarter. US Asset Management LLC bought a new position in Norwegian Cruise Line during the first quarter valued at approximately $28,000. DeDora Capital Inc. bought a new position in Norwegian Cruise Line during the first quarter valued at approximately $29,000. Stonebridge Capital Advisors LLC grew its position in Norwegian Cruise Line by 115.4% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,400 shares of the company’s stock valued at $29,000 after acquiring an additional 750 shares during the last quarter. Finally, Gables Capital Management Inc. bought a new position in Norwegian Cruise Line during the first quarter valued at approximately $33,000. 57.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Norwegian Cruise Line

In other Norwegian Cruise Line news, CFO Mark Kempa sold 55,000 shares of the firm’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $13.50, for a total transaction of $742,500.00. Following the completion of the transaction, the chief financial officer now owns 222,651 shares of the company’s stock, valued at $3,005,788.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.77% of the company’s stock.

Norwegian Cruise Line Trading Up 2.2 %

Shares of NCLH stock opened at $14.60 on Friday. The stock has a fifty day moving average of $12.81 and a 200 day moving average of $15.79. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $10.31 and a 52 week high of $29.45. The company has a quick ratio of 0.59, a current ratio of 0.62 and a debt-to-equity ratio of 13.57.

Norwegian Cruise Line (NYSE:NCLHGet Rating) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($1.14) EPS for the quarter, missing the consensus estimate of ($0.87) by ($0.27). The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Norwegian Cruise Line had a negative net margin of 166.44% and a negative return on equity of 148.50%. The business’s quarterly revenue was up 26881.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.93) EPS. As a group, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post -3.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NCLH has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Norwegian Cruise Line from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, August 10th. UBS Group dropped their price objective on Norwegian Cruise Line to $18.00 and set a “hold” rating for the company in a research note on Thursday, May 19th. Credit Suisse Group dropped their price objective on Norwegian Cruise Line from $33.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, August 10th. Barclays initiated coverage on Norwegian Cruise Line in a research note on Tuesday, June 28th. They set an “equal weight” rating and a $14.00 price objective for the company. Finally, Susquehanna Bancshares dropped their price objective on Norwegian Cruise Line from $20.00 to $15.00 and set a “positive” rating for the company in a research note on Wednesday, August 10th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Norwegian Cruise Line has an average rating of “Hold” and an average target price of $20.31.

Norwegian Cruise Line Company Profile

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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 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 locations, including destinations in Scandinavia, Russia, 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.

Further Reading

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Institutional Ownership by Quarter for Norwegian Cruise Line (NYSE:NCLH)

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