Smith Group Asset Management LLC Makes New $304,000 Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Smith Group Asset Management LLC bought a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 11,810 shares of the company’s stock, valued at approximately $304,000.

Other large investors have also recently modified their holdings of the company. R Squared Ltd bought a new stake in Norwegian Cruise Line in the fourth quarter worth $31,000. Prestige Wealth Management Group LLC raised its stake in shares of Norwegian Cruise Line by 192.3% in the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after acquiring an additional 800 shares during the period. Avior Wealth Management LLC lifted its holdings in shares of Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after acquiring an additional 429 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Norwegian Cruise Line by 489.8% during the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after purchasing an additional 1,817 shares during the period. Finally, Brooklyn Investment Group bought a new position in Norwegian Cruise Line during the 3rd quarter valued at about $56,000. Institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on NCLH shares. Truist Financial raised their price objective on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Citigroup upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $30.00 in a report on Wednesday, October 9th. Tigress Financial increased their target price on Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 11th. Morgan Stanley lifted their target price on Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Finally, UBS Group upped their price target on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.27.

Norwegian Cruise Line Stock Up 0.1 %

Norwegian Cruise Line stock opened at $28.47 on Thursday. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.69 and a twelve month high of $28.73. The business has a fifty day moving average of $26.48 and a two-hundred day moving average of $22.61. The firm has a market cap of $12.52 billion, a P/E ratio of 26.12, a P/E/G ratio of 0.24 and a beta of 2.64. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data 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. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the prior year, the business posted $0.71 EPS. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. On average, analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Norwegian Cruise Line

In related news, CAO Faye L. Ashby sold 38,344 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the transaction, the chief accounting officer now directly owns 116,270 shares of the company’s stock, valued at $3,174,171. This represents a 24.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Mark Kempa sold 15,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total value of $417,900.00. Following the completion of the sale, the chief financial officer now owns 253,386 shares of the company’s stock, valued at approximately $7,059,333.96. This trade represents a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is currently owned by insiders.

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.