Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Purchased by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management raised its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,627 shares of the company’s stock after acquiring an additional 2,518 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Norwegian Cruise Line were worth $2,075,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sei Investments Co. lifted its holdings in shares of Norwegian Cruise Line by 13.9% in the second quarter. Sei Investments Co. now owns 148,647 shares of the company’s stock valued at $2,793,000 after purchasing an additional 18,167 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Norwegian Cruise Line by 13.9% during the second quarter. Public Sector Pension Investment Board now owns 72,699 shares of the company’s stock valued at $1,366,000 after acquiring an additional 8,858 shares during the last quarter. AXA S.A. purchased a new stake in Norwegian Cruise Line during the 2nd quarter worth about $962,000. AQR Capital Management LLC raised its stake in Norwegian Cruise Line by 371.9% in the 2nd quarter. AQR Capital Management LLC now owns 439,637 shares of the company’s stock valued at $8,234,000 after purchasing an additional 346,471 shares during the last quarter. Finally, Creative Planning lifted its holdings in Norwegian Cruise Line by 4.0% in the 2nd quarter. Creative Planning now owns 511,375 shares of the company’s stock valued at $9,609,000 after purchasing an additional 19,734 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Up 0.1 %

Shares of Norwegian Cruise Line stock opened at $28.47 on Thursday. The company has a market capitalization of $12.52 billion, a PE ratio of 26.12, a P/E/G ratio of 0.24 and a beta of 2.64. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $28.73. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The business has a 50-day moving average of $26.48 and a 200-day moving average of $22.61.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. The company 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%. Norwegian Cruise Line’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 EPS. As a group, equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NCLH shares. Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $28.00 to $32.00 in a research report on Friday, December 13th. Argus raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Macquarie reissued an “outperform” rating and issued a $30.00 target price on shares of Norwegian Cruise Line in a research report on Friday, January 17th. UBS Group upped their price target on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $29.27.

Insider Buying and Selling at Norwegian Cruise Line

In other Norwegian Cruise Line news, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line stock in a transaction 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 completion of the transaction, the insider now owns 97,304 shares of the company’s stock, valued at $2,701,159.04. The trade was a 22.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Mark Kempa sold 15,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total transaction of $417,900.00. Following the sale, 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 82,344 shares of company stock worth $2,269,731 in the last ninety days. 0.52% of the stock is owned by insiders.

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.