Merit Financial Group LLC Buys Shares of 38,558 Norwegian Cruise Line Holdings Ltd. $NCLH

Merit Financial Group LLC purchased a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 38,558 shares of the company’s stock, valued at approximately $950,000.

Several other institutional investors have also recently made changes to their positions in NCLH. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Norwegian Cruise Line by 69.1% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 67,070 shares of the company’s stock worth $1,652,000 after acquiring an additional 27,400 shares during the period. Burns Matteson Capital Management LLC acquired a new position in shares of Norwegian Cruise Line in the 3rd quarter valued at $496,000. Patton Fund Management Inc. purchased a new position in shares of Norwegian Cruise Line during the 3rd quarter worth $267,000. Mendota Financial Group LLC acquired a new stake in shares of Norwegian Cruise Line during the 3rd quarter worth about $65,000. Finally, Sound Income Strategies LLC increased its position in shares of Norwegian Cruise Line by 16.6% during the 3rd quarter. Sound Income Strategies LLC now owns 3,507 shares of the company’s stock worth $82,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Insider Buying and Selling

In other news, Director Zillah Byng-Thorne acquired 29,008 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were bought at an average cost of $18.11 per share, with a total value of $525,334.88. Following the transaction, the director owned 66,017 shares in the company, valued at approximately $1,195,567.87. This trade represents a 78.38% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jason Montague acquired 13,400 shares of Norwegian Cruise Line stock in a transaction dated Thursday, November 6th. The stock was purchased at an average price of $18.81 per share, for a total transaction of $252,054.00. Following the completion of the acquisition, the insider directly owned 13,400 shares in the company, valued at approximately $252,054. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 90,029 shares of company stock valued at $1,663,575 over the last ninety days. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NCLH has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Norwegian Cruise Line in a research note on Wednesday, October 8th. Truist Financial lowered their price objective on shares of Norwegian Cruise Line from $31.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, December 2nd. The Goldman Sachs Group downgraded shares of Norwegian Cruise Line from a “buy” rating to a “neutral” rating and dropped their target price for the company from $23.00 to $21.00 in a report on Tuesday, December 9th. JPMorgan Chase & Co. decreased their price target on Norwegian Cruise Line from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Finally, Zacks Research lowered Norwegian Cruise Line from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given 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 a consensus target price of $27.37.

Norwegian Cruise Line Stock Up 5.2%

Shares of NYSE NCLH opened at $23.76 on Wednesday. The stock has a market cap of $10.82 billion, a P/E ratio of 17.47, a PEG ratio of 0.56 and a beta of 2.07. The business’s fifty day simple moving average is $20.28 and its 200-day simple moving average is $22.56. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 6.22.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.03. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate 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. As a group, equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

About Norwegian Cruise Line

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.