Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Purchased by Bank of Nova Scotia

Bank of Nova Scotia raised its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHFree Report) by 317.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 56,030 shares of the company’s stock after acquiring an additional 42,592 shares during the period. Bank of Nova Scotia’s holdings in Norwegian Cruise Line were worth $1,123,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Qtron Investments LLC purchased a new position in Norwegian Cruise Line during the fourth quarter worth about $206,000. Pingora Partners LLC acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter worth approximately $166,000. Jade Capital Advisors LLC purchased a new stake in Norwegian Cruise Line in the fourth quarter valued at approximately $7,014,000. TFO Wealth Partners LLC increased its position in Norwegian Cruise Line by 32,955.0% during the fourth quarter. TFO Wealth Partners LLC now owns 6,611 shares of the company’s stock worth $132,000 after purchasing an additional 6,591 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in Norwegian Cruise Line by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 187,495 shares of the company’s stock worth $3,757,000 after purchasing an additional 1,830 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Insider Activity

In related news, Director Zillah Byng-Thorne acquired 13,360 shares of Norwegian Cruise Line stock in a transaction that occurred on Friday, May 31st. The stock was acquired at an average price of $16.50 per share, with a total value of $220,440.00. Following the completion of the acquisition, the director now directly owns 13,360 shares of the company’s stock, valued at approximately $220,440. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Norwegian Cruise Line Stock Down 2.1 %

Shares of Norwegian Cruise Line stock opened at $17.79 on Friday. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 0.31 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $12.70 and a twelve month high of $22.75. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 33.16. The business’s 50 day simple moving average is $17.49 and its 200-day simple moving average is $17.94.

Norwegian Cruise Line (NYSE:NCLHGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. Equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.16 earnings per share for the current year.

Analyst Ratings Changes

NCLH has been the subject of several research reports. Truist Financial raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $21.00 in a research note on Wednesday, May 29th. UBS Group upped their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. Stifel Nicolaus lifted their price objective on Norwegian Cruise Line from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Wells Fargo & Company boosted their target price on Norwegian Cruise Line from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 21st. Finally, Citigroup raised their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $21.25.

Read Our Latest Report on NCLH

Norwegian Cruise Line Company Profile

(Free Report)

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.

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

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