PNC Financial Services Group Inc. Boosts Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

PNC Financial Services Group Inc. raised its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,802 shares of the company’s stock after purchasing an additional 2,063 shares during the period. PNC Financial Services Group Inc.’s holdings in Norwegian Cruise Line were worth $2,026,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NCLH. Sentry Investment Management LLC purchased a new stake in Norwegian Cruise Line in the 2nd quarter valued at approximately $39,000. Blue Trust Inc. lifted its position in shares of Norwegian Cruise Line by 489.8% in the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after acquiring an additional 1,817 shares in the last quarter. Huntington National Bank lifted its position in shares of Norwegian Cruise Line by 173.1% in the third quarter. Huntington National Bank now owns 3,504 shares of the company’s stock valued at $72,000 after acquiring an additional 2,221 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Norwegian Cruise Line during the third quarter valued at $78,000. Finally, Quarry LP increased its position in 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 purchasing an additional 4,577 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Trading Up 1.0 %

NYSE NCLH 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. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.14 and a one year high of $28.11. The company’s 50 day moving average price is $23.67 and its 200 day moving average price is $19.64. The firm has a market capitalization of $11.93 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 0.30 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. The firm had revenue of $2.81 billion during 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 revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 EPS. On average, sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current year.

Insiders Place Their Bets

In other Norwegian Cruise Line news, insider Andrea Demarco sold 29,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total value of $805,040.00. Following the completion of the transaction, the insider now directly owns 97,304 shares of the company’s stock, valued at $2,701,159.04. This represents a 22.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line 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 sale, the chief accounting officer now directly owns 116,270 shares in the company, valued at approximately $3,174,171. The trade was a 24.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,344 shares of company stock worth $2,269,731 in the last 90 days. 0.52% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on NCLH. Morgan Stanley raised 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 note on Tuesday, November 12th. Tigress Financial raised their target price on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Stifel Nicolaus increased their price target on Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, Argus raised Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.60.

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.