NBC Securities Inc. Buys Shares of 48,907 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

NBC Securities Inc. acquired a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 48,907 shares of the company’s stock, valued at approximately $805,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. raised its holdings in Norwegian Cruise Line by 1.8% in the 2nd quarter. BlackRock Inc. now owns 24,144,786 shares of the company’s stock worth $525,632,000 after acquiring an additional 428,579 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Norwegian Cruise Line by 4.9% during the third quarter. Bank of New York Mellon Corp now owns 2,691,795 shares of the company’s stock worth $44,361,000 after purchasing an additional 126,147 shares in the last quarter. Barclays PLC raised its stake in shares of Norwegian Cruise Line by 113.0% during the second quarter. Barclays PLC now owns 1,059,353 shares of the company’s stock worth $23,064,000 after buying an additional 561,946 shares during the last quarter. Handelsbanken Fonder AB raised its stake in shares of Norwegian Cruise Line by 100.0% during the third quarter. Handelsbanken Fonder AB now owns 165,600 shares of the company’s stock worth $2,729,000 after buying an additional 82,800 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in Norwegian Cruise Line by 5,714.8% in the third quarter. Mackenzie Financial Corp now owns 752,613 shares of the company’s stock valued at $11,929,000 after purchasing an additional 739,670 shares in the last quarter. Institutional investors and hedge funds own 60.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NCLH shares. Truist Financial lowered their price objective on shares of Norwegian Cruise Line from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, November 21st. Citigroup dropped their price objective on shares of Norwegian Cruise Line from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 17th. Morgan Stanley lowered their price target on shares of Norwegian Cruise Line from $14.50 to $13.50 and set an “underweight” rating on the stock in a research report on Thursday, November 2nd. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $18.00 price target on shares of Norwegian Cruise Line in a research report on Friday, January 5th. Finally, StockNews.com lowered shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.96.

Get Our Latest Research Report on NCLH

Norwegian Cruise Line Trading Down 3.0 %

Shares of NYSE NCLH traded down $0.53 during midday trading on Friday, reaching $17.22. The stock had a trading volume of 12,648,168 shares, compared to its average volume of 12,022,264. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of -28.95 and a beta of 2.61. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $12.15 and a twelve month high of $22.75. The company has a debt-to-equity ratio of 28.80, a quick ratio of 0.27 and a current ratio of 0.30. The company’s 50 day moving average price is $17.79 and its 200 day moving average price is $17.07.

Norwegian Cruise Line (NYSE:NCLHGet Free Report) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.15. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.53 billion. Norwegian Cruise Line had a negative net margin of 2.60% and a negative return on equity of 177.38%. The business’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.70) EPS. As a group, sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post 0.47 EPS for the current year.

About Norwegian Cruise Line

(Free Report)

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 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 locations, including destinations in Scandinavia, Russia, 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.

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Institutional Ownership by Quarter for Norwegian Cruise Line (NYSE:NCLH)

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