Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Purchased by Atria Investments Inc

Atria Investments Inc increased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 15.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,113 shares of the company’s stock after purchasing an additional 2,910 shares during the quarter. Atria Investments Inc’s holdings in Norwegian Cruise Line were worth $454,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Transcendent Capital Group LLC acquired a new position in shares of Norwegian Cruise Line during the 1st quarter worth about $27,000. Sentry Investment Management LLC acquired a new position in shares of Norwegian Cruise Line during the 2nd quarter worth about $39,000. Blue Trust Inc. boosted its position 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 acquiring an additional 1,817 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Norwegian Cruise Line during the 3rd quarter worth about $78,000. Finally, Quarry LP boosted its position in shares of Norwegian Cruise Line by 419.1% during the 2nd quarter. Quarry LP now owns 5,669 shares of the company’s stock worth $107,000 after acquiring an additional 4,577 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH opened at $26.04 on Thursday. The business’s fifty day moving average price is $23.22 and its two-hundred day moving average price is $19.38. The stock has a market cap of $11.45 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 0.27 and a beta of 2.67. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.13 and a one year high of $28.11.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. Norwegian Cruise Line’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 EPS. On average, analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other Norwegian Cruise Line news, CAO Faye L. Ashby sold 38,344 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $27.30, for a total value 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 trade represents a 24.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of the firm’s 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 transaction, the chief financial officer now directly owns 253,386 shares in the company, valued at $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. 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 company insiders.

Analyst Ratings Changes

NCLH has been the subject of several research reports. Stifel Nicolaus boosted their target price on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, October 4th. Macquarie upped their price objective on Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Bank of America upped their price objective on Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Finally, 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.60.

Norwegian Cruise Line 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.