Insider Buying: Norwegian Cruise Line (NYSE:NCLH) Director Buys 6,986 Shares of Stock

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Director Stella David bought 6,986 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were bought at an average cost of $18.59 per share, for a total transaction of $129,869.74. Following the transaction, the director owned 103,474 shares in the company, valued at approximately $1,923,581.66. The trade was a 7.24% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Norwegian Cruise Line Trading Up 1.9%

NCLH stock opened at $19.43 on Monday. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.21 and a 12 month high of $29.29. The firm’s 50-day moving average is $23.86 and its 200 day moving average is $21.93. The company has a market capitalization of $8.85 billion, a PE ratio of 13.42, a P/E/G ratio of 0.71 and a beta of 2.22. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.18 and a quick ratio of 0.16.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Tuesday, November 4th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. Norwegian Cruise Line had a net margin of 7.52% and a return on equity of 59.88%. The firm had revenue of $2.94 billion for 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. On average, research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Norwegian Cruise Line by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 53,960,561 shares of the company’s stock worth $1,023,092,000 after purchasing an additional 653,279 shares in the last quarter. State Street Corp grew its position in shares of Norwegian Cruise Line by 3.3% during the second quarter. State Street Corp now owns 16,299,409 shares of the company’s stock worth $330,552,000 after buying an additional 524,239 shares in the last quarter. Ariel Investments LLC increased its stake in shares of Norwegian Cruise Line by 36.2% during the second quarter. Ariel Investments LLC now owns 12,369,377 shares of the company’s stock worth $250,851,000 after buying an additional 3,288,207 shares during the period. Geode Capital Management LLC raised its holdings in Norwegian Cruise Line by 3.3% in the second quarter. Geode Capital Management LLC now owns 11,636,194 shares of the company’s stock valued at $235,532,000 after acquiring an additional 370,064 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Norwegian Cruise Line by 22.7% in the first quarter. Invesco Ltd. now owns 11,477,606 shares of the company’s stock worth $217,615,000 after acquiring an additional 2,122,501 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on NCLH. Susquehanna raised their price target on Norwegian Cruise Line from $18.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Barclays dropped their target price on shares of Norwegian Cruise Line from $31.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday. The Goldman Sachs Group lowered their price objective on shares of Norwegian Cruise Line from $31.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday. UBS Group lifted their price target on Norwegian Cruise Line from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 26th. Finally, Mizuho lifted their target price on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Three investment 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 stock. According to MarketBeat.com, Norwegian Cruise Line has a consensus rating of “Moderate Buy” and an average target price of $28.68.

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.