Cerity Partners LLC Makes New $112,000 Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Cerity Partners LLC bought a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHGet Rating) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 10,161 shares of the company’s stock, valued at approximately $112,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Comerica Bank grew its holdings in Norwegian Cruise Line by 7.9% during the 1st quarter. Comerica Bank now owns 50,353 shares of the company’s stock worth $1,109,000 after acquiring an additional 3,692 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Norwegian Cruise Line by 34.9% during the first quarter. Daiwa Securities Group Inc. now owns 4,637 shares of the company’s stock valued at $101,000 after purchasing an additional 1,199 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in Norwegian Cruise Line by 13.9% during the first quarter. Mutual of America Capital Management LLC now owns 55,715 shares of the company’s stock valued at $1,219,000 after buying an additional 6,796 shares during the period. National Asset Management Inc. raised its stake in Norwegian Cruise Line by 14.0% in the first quarter. National Asset Management Inc. now owns 13,919 shares of the company’s stock worth $305,000 after buying an additional 1,711 shares in the last quarter. Finally, Securian Asset Management Inc. lifted its holdings in Norwegian Cruise Line by 11.6% during the first quarter. Securian Asset Management Inc. now owns 33,999 shares of the company’s stock worth $744,000 after buying an additional 3,523 shares during the period. Institutional investors own 57.80% of the company’s stock.

Insider Activity at Norwegian Cruise Line

In other news, CFO Mark Kempa sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $18.54, for a total value of $463,500.00. Following the completion of the transaction, the chief financial officer now owns 197,651 shares of the company’s stock, valued at approximately $3,664,449.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Rio Frank J. Del sold 58,072 shares of the company’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $18.33, for a total value of $1,064,459.76. Following the completion of the transaction, the chief executive officer now owns 1,344,418 shares of the company’s stock, valued at approximately $24,643,181.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark Kempa sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $18.54, for a total value of $463,500.00. Following the completion of the sale, the chief financial officer now directly owns 197,651 shares in the company, valued at $3,664,449.54. The disclosure for this sale can be found here. Insiders sold 222,709 shares of company stock worth $3,780,342 over the last three months. Company insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NCLH. Barclays lifted their target price on Norwegian Cruise Line from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday, September 19th. Citigroup raised their price objective on Norwegian Cruise Line to $18.00 in a research report on Tuesday, November 15th. Truist Financial upped their target price on Norwegian Cruise Line from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday. UBS Group raised their price target on Norwegian Cruise Line from $15.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, November 14th. Finally, Wells Fargo & Company upped their price objective on shares of Norwegian Cruise Line from $15.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.17.

Norwegian Cruise Line Trading Up 0.7 %

Norwegian Cruise Line stock opened at $16.32 on Thursday. The stock has a 50-day moving average price of $15.01 and a 200 day moving average price of $13.95. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of -1.96 and a beta of 2.47. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $10.31 and a 52 week high of $23.90. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 32.25.

Norwegian Cruise Line (NYSE:NCLHGet Rating) last announced its quarterly earnings data on Tuesday, November 8th. The company reported ($0.70) EPS for the quarter, beating the consensus estimate of ($0.75) by $0.05. The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Norwegian Cruise Line had a negative net margin of 88.14% and a negative return on equity of 180.24%. Sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post -4.72 EPS for the current year.

Norwegian Cruise Line Profile

(Get Rating)

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.

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

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