Private Advisor Group LLC Has $664,000 Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Private Advisor Group LLC cut its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 14.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,358 shares of the company’s stock after selling 5,321 shares during the quarter. Private Advisor Group LLC’s holdings in Norwegian Cruise Line were worth $664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NCLH. Allspring Global Investments Holdings LLC boosted its position in Norwegian Cruise Line by 5.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 177,496 shares of the company’s stock worth $3,640,000 after acquiring an additional 8,890 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Norwegian Cruise Line by 489.8% in the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after purchasing an additional 1,817 shares in the last quarter. nVerses Capital LLC acquired a new position in Norwegian Cruise Line during the third quarter worth $615,000. NBC Securities Inc. grew its position in Norwegian Cruise Line by 1.5% in the third quarter. NBC Securities Inc. now owns 45,603 shares of the company’s stock valued at $935,000 after purchasing an additional 678 shares in the last quarter. Finally, Creative Planning increased its stake in Norwegian Cruise Line by 2.5% in the 3rd quarter. Creative Planning now owns 523,989 shares of the company’s stock valued at $10,747,000 after buying an additional 12,614 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NCLH. Citigroup upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $20.00 to $30.00 in a research note on Wednesday, October 9th. The Goldman Sachs Group increased their price target on Norwegian Cruise Line from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday. Susquehanna boosted their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. upped their price objective on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, Stifel Nicolaus raised their target price on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $25.80.

Norwegian Cruise Line Stock Down 1.8 %

Norwegian Cruise Line stock opened at $24.88 on Monday. The company’s 50-day moving average price is $20.86 and its two-hundred day moving average price is $18.61. The company has a quick ratio of 0.22, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The stock has a market cap of $10.94 billion, a P/E ratio of 22.83, a P/E/G ratio of 0.33 and a beta of 2.67. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $12.70 and a twelve month high of $26.73.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 earnings per share. As a group, analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.38 EPS for the current year.

Norwegian Cruise Line Profile

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.