Norwegian Cruise Line (NYSE:NCLH) Insider Acquires $252,054.00 in Stock

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) insider Jason Montague acquired 13,400 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was acquired at an average cost of $18.81 per share, with a total value of $252,054.00. Following the purchase, the insider owned 13,400 shares of the company’s stock, valued at approximately $252,054. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Norwegian Cruise Line Price Performance

NCLH traded down $0.38 on Thursday, hitting $18.23. 23,760,112 shares of the company’s stock traded hands, compared to its average volume of 14,682,292. The company’s 50 day simple moving average is $24.12 and its 200-day simple moving average is $21.86. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 8.05. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.21 and a one year high of $29.29. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 0.71 and a beta of 2.21.

Norwegian Cruise Line (NYSE:NCLH) last posted 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. Norwegian Cruise Line had a return on equity of 59.88% and a net margin of 7.52%.The business had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.03 billion. Norwegian Cruise Line has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 2.100-2.100 EPS. As a group, research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Institutional Trading of Norwegian Cruise Line

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NCLH. Ariel Investments LLC grew its stake in shares of Norwegian Cruise Line by 126.8% during the first quarter. Ariel Investments LLC now owns 9,081,170 shares of the company’s stock valued at $172,179,000 after buying an additional 5,077,531 shares during the last quarter. 59 North Capital Management LP purchased a new position in Norwegian Cruise Line during the 1st quarter valued at $69,877,000. Norges Bank purchased a new position in Norwegian Cruise Line during the 2nd quarter valued at $49,620,000. Invesco Ltd. grew its position in Norwegian Cruise Line by 22.7% in the 1st quarter. Invesco Ltd. now owns 11,477,606 shares of the company’s stock valued at $217,615,000 after acquiring an additional 2,122,501 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in Norwegian Cruise Line by 72.2% in the second quarter. Marshall Wace LLP now owns 4,398,316 shares of the company’s stock worth $89,198,000 after purchasing an additional 1,844,433 shares during the period. 69.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on NCLH. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Norwegian Cruise Line in a research note on Wednesday, October 8th. Bank of America boosted their price target on shares of Norwegian Cruise Line from $20.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Truist Financial upped their price target on shares of Norwegian Cruise Line from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, September 19th. TD Cowen initiated coverage on shares of Norwegian Cruise Line in a research note on Tuesday, July 22nd. They issued a “buy” rating and a $31.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their target price on shares of Norwegian Cruise Line from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.74.

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.