Quantbot Technologies LP Acquires 346,758 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Quantbot Technologies LP raised its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 1,816.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 365,845 shares of the company’s stock after acquiring an additional 346,758 shares during the period. Quantbot Technologies LP’s holdings in Norwegian Cruise Line were worth $7,503,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its holdings in shares of Norwegian Cruise Line by 0.3% during the third quarter. The Manufacturers Life Insurance Company now owns 316,457 shares of the company’s stock valued at $6,491,000 after purchasing an additional 983 shares during the last quarter. Qsemble Capital Management LP bought a new stake in Norwegian Cruise Line in the 3rd quarter worth approximately $531,000. Bank of Montreal Can raised its stake in Norwegian Cruise Line by 17.6% during the 3rd quarter. Bank of Montreal Can now owns 921,356 shares of the company’s stock valued at $19,302,000 after buying an additional 137,584 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Norwegian Cruise Line by 37.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 63,599 shares of the company’s stock valued at $1,304,000 after buying an additional 17,330 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Norwegian Cruise Line by 400.8% during the 3rd quarter. Cerity Partners LLC now owns 167,194 shares of the company’s stock valued at $3,429,000 after buying an additional 133,810 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Trading Up 1.0 %

Shares of NCLH stock opened at $27.13 on Tuesday. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The stock has a fifty day simple moving average of $23.67 and a two-hundred day simple moving average of $19.64. The firm has a market capitalization of $11.93 billion, a PE ratio of 24.89, a PEG ratio of 0.30 and a beta of 2.67. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.14 and a 52-week high of $28.11.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the company earned $0.71 EPS. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on NCLH. The Goldman Sachs Group upped their price objective on Norwegian Cruise Line from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Macquarie upped their price target on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Truist Financial increased their price objective on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Barclays boosted their target price on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Morgan Stanley increased their price target on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.60.

Insiders Place Their Bets

In other Norwegian Cruise Line news, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line stock in a transaction on Friday, November 8th. The shares were sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the completion of the transaction, the chief accounting officer now directly owns 116,270 shares of the company’s stock, valued at $3,174,171. The trade was a 24.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrea Demarco sold 29,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total transaction of $805,040.00. Following the completion of the sale, the insider now directly owns 97,304 shares in the company, valued at approximately $2,701,159.04. This represents a 22.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,344 shares of company stock valued at $2,269,731 in the last quarter. 0.52% of the stock is currently owned by insiders.

Norwegian Cruise Line Company Profile

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.