Envestnet Asset Management Inc. Trims Stock Position in Norwegian Cruise Line Holdings Ltd. $NCLH

Envestnet Asset Management Inc. lessened its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 4.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,358 shares of the company’s stock after selling 7,215 shares during the period. Envestnet Asset Management Inc.’s holdings in Norwegian Cruise Line were worth $2,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Norwegian Cruise Line by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,581,365 shares of the company’s stock valued at $67,903,000 after purchasing an additional 33,549 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Norwegian Cruise Line by 1.2% during the first quarter. Vanguard Group Inc. now owns 53,960,561 shares of the company’s stock worth $1,023,092,000 after purchasing an additional 653,279 shares during the period. LBP AM SA increased its stake in Norwegian Cruise Line by 138.1% in the 2nd quarter. LBP AM SA now owns 452,917 shares of the company’s stock valued at $9,185,000 after buying an additional 262,714 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Norwegian Cruise Line by 35.3% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 55,477 shares of the company’s stock worth $1,045,000 after buying an additional 14,486 shares during the last quarter. Finally, Compound Planning Inc. purchased a new position in Norwegian Cruise Line during the 1st quarter worth $207,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Down 1.5%

NCLH opened at $18.29 on Friday. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.16 and a current ratio of 0.18. The company has a market cap of $8.32 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 0.71 and a beta of 2.22. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.21 and a one year high of $29.29. The business’s fifty day moving average is $23.21 and its two-hundred day moving average is $21.95.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. Norwegian Cruise Line had a return on equity of 59.88% and a net margin of 7.52%.The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Norwegian Cruise Line has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 2.100-2.100 EPS. Analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jason Montague bought 13,400 shares of Norwegian Cruise Line stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average price of $18.81 per share, with a total value of $252,054.00. Following the purchase, the insider owned 13,400 shares in the company, valued at $252,054. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Harry C. Curtis bought 5,000 shares of the stock in a transaction on Friday, November 7th. The shares were bought at an average price of $19.25 per share, for a total transaction of $96,250.00. Following the acquisition, the director owned 50,325 shares in the company, valued at $968,756.25. The trade was a 11.03% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 90,029 shares of company stock valued at $1,663,575. 0.41% of the stock is owned by company insiders.

Analysts Set New Price Targets

NCLH has been the topic of a number of recent analyst reports. TD Cowen initiated coverage on shares of Norwegian Cruise Line in a research note on Tuesday, July 22nd. They set a “buy” rating and a $31.00 price target on the stock. Tigress Financial boosted their target price on Norwegian Cruise Line from $36.00 to $38.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 27th. Mizuho raised their price target on Norwegian Cruise Line from $26.00 to $29.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Barclays dropped their price objective on Norwegian Cruise Line from $31.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Finally, Bank of America increased their price objective on Norwegian Cruise Line from $20.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $28.26.

About Norwegian Cruise Line

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.