Fifth Third Bancorp Boosts Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Fifth Third Bancorp grew its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,534 shares of the company’s stock after purchasing an additional 795 shares during the period. Fifth Third Bancorp’s holdings in Norwegian Cruise Line were worth $1,043,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sei Investments Co. lifted its stake in shares of Norwegian Cruise Line by 13.9% during the second quarter. Sei Investments Co. now owns 148,647 shares of the company’s stock worth $2,793,000 after purchasing an additional 18,167 shares in the last quarter. Public Sector Pension Investment Board lifted its position in Norwegian Cruise Line by 13.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 72,699 shares of the company’s stock worth $1,366,000 after acquiring an additional 8,858 shares in the last quarter. AXA S.A. acquired a new stake in Norwegian Cruise Line in the second quarter valued at approximately $962,000. AQR Capital Management LLC raised its stake in shares of Norwegian Cruise Line by 371.9% during the second 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 period. Finally, Creative Planning lifted its position in shares of Norwegian Cruise Line by 4.0% during the second quarter. Creative Planning now owns 511,375 shares of the company’s stock worth $9,609,000 after purchasing an additional 19,734 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Price Performance

Shares of Norwegian Cruise Line stock opened at $28.47 on Thursday. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.69 and a 52 week high of $28.73. The stock has a market cap of $12.52 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 0.24 and a beta of 2.64. The company’s 50-day moving average price is $26.48 and its two-hundred day moving average price is $22.61. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.05. The business had revenue of $2.81 billion during 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%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company posted $0.71 EPS. As a group, sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.5 EPS for the current fiscal year.

Insider Activity 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 that occurred on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total transaction of $805,040.00. Following the transaction, the insider now directly owns 97,304 shares in the company, valued at approximately $2,701,159.04. The trade was a 22.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line 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 transaction, the chief accounting officer now owns 116,270 shares in the company, valued at $3,174,171. This represents a 24.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,344 shares of company stock worth $2,269,731 in the last quarter. 0.52% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on NCLH. JPMorgan Chase & Co. boosted their price objective on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, December 17th. Stifel Nicolaus lifted their price target on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Wells Fargo & Company increased their target price on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Argus upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Finally, UBS Group upped their target price on Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.27.

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.