Bank of New York Mellon Corp lowered its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Free Report) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,333,361 shares of the company’s stock after selling 31,428 shares during the quarter. Bank of New York Mellon Corp owned 0.51% of Norwegian Cruise Line worth $43,634,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. SHP Wealth Management purchased a new position in Norwegian Cruise Line in the fourth quarter valued at $26,000. MUFG Securities EMEA plc acquired a new stake in shares of Norwegian Cruise Line during the 2nd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at about $31,000. Clearstead Advisors LLC increased its stake in shares of Norwegian Cruise Line by 130.2% in the 4th quarter. Clearstead Advisors LLC now owns 1,607 shares of the company’s stock valued at $36,000 after purchasing an additional 909 shares in the last quarter. Finally, Thompson Investment Management Inc. acquired a new position in Norwegian Cruise Line in the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.
Norwegian Cruise Line Stock Up 3.6%
Shares of NYSE NCLH opened at $19.39 on Friday. The stock has a market cap of $8.90 billion, a P/E ratio of 16.29, a PEG ratio of 1.11 and a beta of 1.87. The business’s fifty day simple moving average is $19.04 and its 200-day simple moving average is $20.14. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.53 and a 12-month high of $27.18. The company has a current ratio of 0.21, a quick ratio of 0.18 and a debt-to-equity ratio of 5.75.
Norwegian Cruise Line News Roundup
Here are the key news stories impacting Norwegian Cruise Line this week:
- Positive Sentiment: Some market commentary suggests NCLH could beat upcoming Q2 earnings expectations, which may support investor optimism ahead of the report. Article Title
Wall Street Analysts Forecast Growth
NCLH has been the subject of several research analyst reports. Barclays reduced their target price on Norwegian Cruise Line from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 5th. Loop Capital initiated coverage on shares of Norwegian Cruise Line in a report on Monday, June 1st. They issued a “buy” rating and a $22.00 price target for the company. The Goldman Sachs Group upped their price objective on shares of Norwegian Cruise Line from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Truist Financial lowered shares of Norwegian Cruise Line from a “buy” rating to a “hold” rating and set a $20.00 target price on the stock. in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft set a $18.00 target price on shares of Norwegian Cruise Line in a research note on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $21.60.
Read Our Latest Stock Analysis on NCLH
Insider Activity
In other news, Director Jonathan Z. Cohen purchased 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average price of $15.83 per share, for a total transaction of $474,900.00. Following the completion of the purchase, the director directly owned 38,912 shares of the company’s stock, valued at $615,976.96. The trade was a 336.62% 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 Zillah Byng-Thorne purchased 4,452 shares of the stock in a transaction on Thursday, May 7th. The shares were purchased at an average price of $17.83 per share, with a total value of $79,379.16. Following the acquisition, the director directly owned 25,742 shares in the company, valued at $458,979.86. This represents a 20.91% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 1,592,467 shares of company stock valued at $28,493,204 over the last three months. 0.25% of the stock is currently owned by corporate insiders.
Norwegian Cruise Line 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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