UMB Bank n.a. raised its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Free Report) by 65.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,584 shares of the company’s stock after buying an additional 1,422 shares during the period. UMB Bank n.a.’s holdings in Norwegian Cruise Line were worth $92,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of NCLH. State Street Corp raised its holdings in Norwegian Cruise Line by 4.3% in the 3rd quarter. State Street Corp now owns 15,241,984 shares of the company’s stock valued at $312,613,000 after acquiring an additional 621,793 shares during the period. Geode Capital Management LLC increased its stake in shares of Norwegian Cruise Line by 2.6% during the third quarter. Geode Capital Management LLC now owns 10,522,834 shares of the company’s stock worth $215,481,000 after purchasing an additional 261,925 shares during the period. Baillie Gifford & Co. acquired a new stake in Norwegian Cruise Line during the 3rd quarter worth approximately $179,146,000. Dimensional Fund Advisors LP boosted its stake in Norwegian Cruise Line by 32.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after purchasing an additional 1,129,770 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in Norwegian Cruise Line by 864.9% in the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock valued at $79,263,000 after buying an additional 3,464,100 shares in the last quarter. 69.58% of the stock is owned by institutional investors.
Insider Activity at Norwegian Cruise Line
In other news, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line stock in a transaction on Friday, November 8th. The stock was sold at an average price of $27.30, for a total value of $1,046,791.20. Following the completion of the transaction, the chief accounting officer now directly owns 116,270 shares in the company, valued at approximately $3,174,171. The trade was a 24.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Kempa sold 15,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total value 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,344 shares of company stock worth $2,269,731. Company insiders own 0.52% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Research Report on Norwegian Cruise Line
Norwegian Cruise Line Stock Up 0.8 %
Norwegian Cruise Line stock opened at $26.46 on Friday. The firm has a 50 day moving average price of $26.46 and a 200-day moving average price of $22.37. 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 company has a market capitalization of $11.63 billion, a P/E ratio of 24.27, a P/E/G ratio of 0.25 and a beta of 2.64.
Norwegian Cruise Line (NYSE:NCLH – Get Free Report) last released 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. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period last year, the business posted $0.71 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.5 EPS for the current year.
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.
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