Wellington Management Group LLP Has $5.48 Million Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Wellington Management Group LLP boosted its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,397 shares of the company’s stock after purchasing an additional 19,001 shares during the period. Wellington Management Group LLP’s holdings in Norwegian Cruise Line were worth $5,484,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NCLH. Worldquant Millennium Advisors LLC bought a new position in Norwegian Cruise Line in the 3rd quarter valued at approximately $2,104,000. Two Sigma Advisers LP raised its stake in shares of Norwegian Cruise Line by 864.9% during the third quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock valued at $79,263,000 after acquiring an additional 3,464,100 shares during the last quarter. State Street Corp lifted its holdings in shares of Norwegian Cruise Line by 4.3% during the third quarter. State Street Corp now owns 15,241,984 shares of the company’s stock worth $312,613,000 after purchasing an additional 621,793 shares during the period. Stevens Capital Management LP bought a new stake in shares of Norwegian Cruise Line in the third quarter worth $273,000. Finally, Quadrature Capital Ltd increased its holdings in Norwegian Cruise Line by 43.7% in the third quarter. Quadrature Capital Ltd now owns 176,239 shares of the company’s stock valued at $3,615,000 after purchasing an additional 53,603 shares during the period. 69.58% of the stock is currently owned by institutional investors.

Insider Transactions at Norwegian Cruise Line

In related news, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total transaction of $805,040.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Faye L. Ashby sold 38,344 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $27.30, for a total value of $1,046,791.20. Following the completion of the sale, the chief accounting officer now directly owns 116,270 shares of the company’s stock, valued at $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 valued at $2,269,731 over the last three months. Corporate insiders own 0.52% of the company’s stock.

Norwegian Cruise Line Stock Down 0.7 %

Shares of NYSE:NCLH opened at $26.62 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 52-week low of $14.69 and a 52-week high of $28.64. The business’s 50 day simple moving average is $25.70 and its two-hundred day simple moving average is $20.80. The firm has a market cap of $11.71 billion, a P/E ratio of 24.42, 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, topping analysts’ consensus estimates of $0.94 by $0.05. The company had revenue of $2.81 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS. As a group, research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current fiscal year.

Analysts Set New Price Targets

NCLH has been the topic of a number of analyst reports. The Goldman Sachs Group upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price target for the company from $29.00 to $35.00 in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Tigress Financial boosted their price target 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. Macquarie increased their price objective on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.93.

About Norwegian Cruise Line

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.