KBC Group NV Buys 5,843 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

KBC Group NV grew its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 48.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,789 shares of the company’s stock after acquiring an additional 5,843 shares during the period. KBC Group NV’s holdings in Norwegian Cruise Line were worth $458,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Prestige Wealth Management Group LLC boosted its stake in Norwegian Cruise Line by 192.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock worth $25,000 after purchasing an additional 800 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of Norwegian Cruise Line by 34.1% in the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after buying an additional 429 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after buying an additional 1,817 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Norwegian Cruise Line during the third quarter valued at $56,000. Finally, Huntington National Bank increased its position in shares of 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. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

NCLH stock opened at $28.32 on Monday. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.69 and a 1 year high of $29.29. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 0.26 and a beta of 2.64. The stock’s fifty day moving average is $26.61 and its two-hundred day moving average is $22.78. 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 (NYSE:NCLH) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NCLH shares. Truist Financial lifted their target price on Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Morgan Stanley lifted their price objective on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. Macquarie reiterated an “outperform” rating and issued a $30.00 price objective on shares of Norwegian Cruise Line in a research note on Friday, January 17th. Citigroup upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their target price for the company from $20.00 to $30.00 in a research report on Wednesday, October 9th. Finally, Tigress Financial increased their price target on 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.27.

Insiders Place Their Bets

In other news, CAO Faye L. Ashby sold 38,344 shares of the firm’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 completion of the sale, the chief accounting officer now owns 116,270 shares of the company’s stock, valued at approximately $3,174,171. This trade represents a 24.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Andrea Demarco sold 29,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total value of $805,040.00. Following the sale, the insider now owns 97,304 shares in the company, valued at approximately $2,701,159.04. This trade represents a 22.96 % 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 quarter. Insiders own 0.52% of the company’s stock.

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.