The Manufacturers Life Insurance Company Has $6.49 Million Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

The Manufacturers Life Insurance Company lifted its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 0.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 316,457 shares of the company’s stock after acquiring an additional 983 shares during the period. The Manufacturers Life Insurance Company’s holdings in Norwegian Cruise Line were worth $6,491,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NCLH. Avior Wealth Management LLC boosted its stake in shares of Norwegian Cruise Line by 34.1% during the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after purchasing an additional 429 shares in the last quarter. Sentry Investment Management LLC bought a new stake in Norwegian Cruise Line during the 2nd quarter worth approximately $39,000. Blue Trust Inc. grew its holdings in 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 during the last quarter. Huntington National Bank increased its position in Norwegian Cruise Line by 173.1% in the 3rd 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 during the period. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in shares of Norwegian Cruise Line during the third quarter valued at $78,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Norwegian Cruise Line news, insider Andrea Demarco sold 29,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total value of $805,040.00. Following the sale, the insider now directly owns 97,304 shares in the company, valued at $2,701,159.04. This represents a 22.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Faye L. Ashby sold 38,344 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 82,344 shares of company stock valued at $2,269,731. Company insiders own 0.52% of the company’s stock.

Norwegian Cruise Line Stock Down 0.2 %

NCLH opened at $27.62 on Friday. The company’s 50-day moving average price is $24.76 and its two-hundred day moving average price is $20.23. 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 Holdings Ltd. has a twelve month low of $14.69 and a twelve month high of $28.64. The stock has a market cap of $12.14 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 0.31 and a beta of 2.65.

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, beating the consensus estimate of $0.94 by $0.05. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. As a group, equities analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NCLH. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Citigroup upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $30.00 in a research report on Wednesday, October 9th. The Goldman Sachs Group upped their target price on Norwegian Cruise Line from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Argus upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Norwegian Cruise Line has an average rating of “Hold” and an average price target of $28.27.

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.