Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $1.69 Million Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHGet Rating) by 37.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 148,856 shares of the company’s stock after purchasing an additional 40,895 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Norwegian Cruise Line were worth $1,691,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Covestor Ltd lifted its stake in shares of Norwegian Cruise Line by 5,020.8% in the 1st quarter. Covestor Ltd now owns 1,229 shares of the company’s stock valued at $27,000 after purchasing an additional 1,205 shares during the period. Truvestments Capital LLC acquired a new position in shares of Norwegian Cruise Line in the 2nd quarter valued at $28,000. Wipfli Financial Advisors LLC acquired a new position in shares of Norwegian Cruise Line in the 3rd quarter valued at $31,000. Pacifica Partners Inc. lifted its stake in shares of Norwegian Cruise Line by 2,336.4% in the 2nd quarter. Pacifica Partners Inc. now owns 2,607 shares of the company’s stock valued at $34,000 after purchasing an additional 2,500 shares during the period. Finally, Venture Visionary Partners LLC acquired a new position in shares of Norwegian Cruise Line in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 57.17% of the company’s stock.

Insider Activity

In other news, CEO Jason Montague sold 32,879 shares of the firm’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $16.49, for a total value of $542,174.71. Following the completion of the transaction, the chief executive officer now owns 226,002 shares in the company, valued at approximately $3,726,772.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Jason Montague sold 32,879 shares of Norwegian Cruise Line stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $16.49, for a total transaction of $542,174.71. Following the completion of the transaction, the chief executive officer now owns 226,002 shares in the company, valued at $3,726,772.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark Kempa sold 25,000 shares of Norwegian Cruise Line 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 transaction, the chief financial officer now owns 197,651 shares of the company’s stock, valued at approximately $3,664,449.54. The disclosure for this sale can be found here. Insiders sold 159,951 shares of company stock worth $2,859,054 in the last quarter. Corporate insiders own 0.77% of the company’s stock.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $15.45 on Friday. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of -1.87 and a beta of 2.48. The business has a 50-day moving average of $14.97 and a 200-day moving average of $14.11. The company has a debt-to-equity ratio of 32.25, a current ratio of 0.46 and a quick ratio of 0.43. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $10.31 and a fifty-two week high of $23.90.

Norwegian Cruise Line (NYSE:NCLHGet Rating) last announced its quarterly earnings data on Tuesday, November 8th. The company reported ($0.70) earnings per share for the quarter, beating the consensus estimate of ($0.75) by $0.05. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Norwegian Cruise Line had a negative return on equity of 180.24% and a negative net margin of 88.14%. As a group, sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post -4.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wells Fargo & Company raised their price objective on Norwegian Cruise Line from $15.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 9th. Credit Suisse Group downgraded Norwegian Cruise Line from an “outperform” rating to an “underperform” rating and dropped their price objective for the stock from $20.00 to $14.00 in a research note on Thursday, November 17th. Citigroup raised their price objective on Norwegian Cruise Line to $18.00 in a research note on Tuesday, November 15th. Morgan Stanley downgraded Norwegian Cruise Line from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $13.00 to $11.50 in a research note on Tuesday, January 10th. Finally, Susquehanna raised their price objective on Norwegian Cruise Line from $15.00 to $20.00 in a research note on Wednesday, November 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.04.

Norwegian Cruise Line Profile

(Get Rating)

Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. It also offers an entirely inter-island itinerary in Hawaii.

Featured Articles

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

Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.