Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 129.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,903 shares of the company’s stock after buying an additional 6,717 shares during the period. GAMMA Investing LLC’s holdings in Norwegian Cruise Line were worth $224,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NCLH. Transcendent Capital Group LLC acquired a new stake in shares of Norwegian Cruise Line during the first quarter worth about $27,000. YHB Investment Advisors Inc. purchased a new stake in shares of Norwegian Cruise Line during the first quarter worth $39,000. 1832 Asset Management L.P. acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at $44,000. Fidelis Capital Partners LLC purchased a new stake in Norwegian Cruise Line during the 1st quarter worth about $61,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Norwegian Cruise Line in the 1st quarter valued at about $80,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Up 3.3 %

NCLH stock traded up $0.50 during midday trading on Tuesday, hitting $15.83. The stock had a trading volume of 11,748,190 shares, compared to its average volume of 13,045,496. The firm has a market cap of $6.79 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 0.29 and a beta of 2.69. The company’s 50-day moving average price is $18.03 and its 200 day moving average price is $18.01. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $12.70 and a 12-month high of $21.73. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the prior year, the business earned $0.20 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NCLH. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Norwegian Cruise Line from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, May 21st. Macquarie boosted their target price on Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Stifel Nicolaus boosted their target price on Norwegian Cruise Line from $26.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Barclays lifted their price objective on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $22.24.

Insider Buying and Selling

In related news, Director Zillah Byng-Thorne bought 13,360 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was bought at an average cost of $16.50 per share, for a total transaction of $220,440.00. Following the completion of the purchase, the director now directly owns 13,360 shares in the company, valued at approximately $220,440. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.87% of the company’s stock.

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.