Benson Investment Management Company Inc. purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 175,765 shares of the company’s stock, valued at approximately $4,329,000.
A number of other institutional investors have also recently added to or reduced their stakes in NCLH. MUFG Securities EMEA plc purchased a new stake in Norwegian Cruise Line in the 2nd quarter valued at $26,000. Sentry Investment Management LLC purchased a new position in shares of Norwegian Cruise Line during the 2nd quarter worth $31,000. Laurel Wealth Advisors LLC boosted its position in shares of Norwegian Cruise Line by 1,928.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,028 shares of the company’s stock valued at $41,000 after acquiring an additional 1,928 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Norwegian Cruise Line by 133.3% in the second quarter. Hantz Financial Services Inc. now owns 2,284 shares of the company’s stock valued at $46,000 after purchasing an additional 1,305 shares during the period. Finally, SVB Wealth LLC acquired a new stake in Norwegian Cruise Line during the first quarter worth about $56,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on NCLH. Susquehanna decreased their target price on shares of Norwegian Cruise Line from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. JPMorgan Chase & Co. reduced their price target on shares of Norwegian Cruise Line from $43.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Tigress Financial upped their price objective on Norwegian Cruise Line from $36.00 to $38.00 and gave the company a “strong-buy” rating in a report on Wednesday, August 27th. Weiss Ratings restated a “hold (c)” rating on shares of Norwegian Cruise Line in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus upped their price target on Norwegian Cruise Line from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and an average target price of $27.37.
Norwegian Cruise Line Stock Up 6.7%
Shares of NYSE NCLH opened at $23.08 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 6.22. The business’s 50 day moving average is $20.38 and its two-hundred day moving average is $22.19. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29. The firm has a market cap of $10.51 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 0.74 and a beta of 2.11.
Norwegian Cruise Line (NYSE:NCLH – Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Norwegian Cruise Line had a return on equity of 55.51% and a net margin of 6.85%.Norwegian Cruise Line has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 2.100-2.100 EPS. Research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.
Insider Activity at Norwegian Cruise Line
In other Norwegian Cruise Line news, Director Zillah Byng-Thorne purchased 29,008 shares of Norwegian Cruise Line stock in a transaction dated Thursday, November 6th. The shares were acquired at an average price of $18.11 per share, with a total value of $525,334.88. Following the completion of the transaction, the director owned 66,017 shares of the company’s stock, valued at $1,195,567.87. This trade represents a 78.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stella David acquired 6,986 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was acquired at an average price of $18.59 per share, with a total value of $129,869.74. Following the acquisition, the director directly owned 103,474 shares of the company’s stock, valued at approximately $1,923,581.66. This represents a 7.24% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 90,029 shares of company stock valued at $1,663,575. 0.41% of the stock is owned by company insiders.
Norwegian Cruise Line Company Profile
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a global cruise operator offering a portfolio of premium brands that includes Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company provides sea voyages and related onboard services such as dining, entertainment, shore excursions and destination experiences. Its fleet of modern vessels sails to more than 400 destinations across all seven continents, serving leisure travelers with itineraries ranging from short Caribbean getaways to extended world voyages.
Founded in 1966 by Knut Kloster and Ted Arison, the company pioneered the concept of “Freestyle Cruising,” which allows passengers greater flexibility in dining schedules, entertainment choices and onboard activities.
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