Natixis Advisors LLC Purchases 75,678 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Natixis Advisors LLC increased its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 152.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,195 shares of the company’s stock after buying an additional 75,678 shares during the quarter. Natixis Advisors LLC’s holdings in Norwegian Cruise Line were worth $2,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. nVerses Capital LLC bought a new stake in Norwegian Cruise Line during the 3rd quarter valued at $615,000. Mackenzie Financial Corp increased its position in shares of Norwegian Cruise Line by 26.7% in the second quarter. Mackenzie Financial Corp now owns 1,008,327 shares of the company’s stock valued at $18,946,000 after acquiring an additional 212,787 shares during the period. Principal Financial Group Inc. raised its stake in shares of Norwegian Cruise Line by 6.2% during the third quarter. Principal Financial Group Inc. now owns 514,087 shares of the company’s stock valued at $10,544,000 after acquiring an additional 30,182 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Norwegian Cruise Line by 7.0% during the third quarter. New York State Common Retirement Fund now owns 905,441 shares of the company’s stock worth $18,571,000 after purchasing an additional 59,375 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Norwegian Cruise Line by 69.5% in the second quarter. American Century Companies Inc. now owns 651,472 shares of the company’s stock worth $12,241,000 after purchasing an additional 267,155 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Mark Kempa sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total transaction of $417,900.00. Following the completion of the sale, the chief financial officer now directly owns 253,386 shares in the company, valued at approximately $7,059,333.96. The trade was a 5.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Faye L. Ashby sold 38,344 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 116,270 shares of the company’s stock, valued at approximately $3,174,171. This represents a 24.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,344 shares of company stock valued at $2,269,731 over the last 90 days. Company insiders own 0.52% of the company’s stock.

Norwegian Cruise Line Stock Performance

Shares of NYSE NCLH opened at $26.86 on Monday. The firm’s 50-day moving average price is $23.52 and its 200-day moving average price is $19.56. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.14 and a 52-week high of $28.11. The company has a market cap of $11.81 billion, a PE ratio of 24.64, a PEG ratio of 0.30 and a beta of 2.67. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.05. The company had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company posted $0.71 earnings per share. As a group, analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current year.

Wall Street Analyst Weigh In

NCLH has been the subject of a number of research reports. Argus raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Tigress Financial upped their price target 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. Mizuho raised their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Stifel Nicolaus lifted their price target on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.