Pacer Advisors Inc. Purchases 22,214 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Pacer Advisors Inc. boosted its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 69.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,199 shares of the company’s stock after purchasing an additional 22,214 shares during the quarter. Pacer Advisors Inc.’s holdings in Norwegian Cruise Line were worth $1,395,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of NCLH. Baillie Gifford & Co. purchased a new stake in Norwegian Cruise Line during the 3rd quarter valued at $179,146,000. Two Sigma Advisers LP boosted its stake in shares of Norwegian Cruise Line by 864.9% during the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock worth $79,263,000 after purchasing an additional 3,464,100 shares during the period. Wedge Capital Management L L P NC bought a new stake in Norwegian Cruise Line in the fourth quarter worth about $43,956,000. ING Groep NV boosted its position in shares of Norwegian Cruise Line by 1,340.3% during the third quarter. ING Groep NV now owns 831,505 shares of the company’s stock valued at $17,054,000 after buying an additional 773,772 shares during the period. Finally, State Street Corp grew its stake 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 valued at $312,613,000 after buying an additional 621,793 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

NCLH stock opened at $28.32 on Monday. The firm has a 50-day simple moving average of $26.61 and a two-hundred day simple moving average of $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 Holdings Ltd. has a one year low of $14.69 and a one year high of $29.29. The firm has a market cap of $12.45 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 0.26 and a beta of 2.64.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.5 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Faye L. Ashby sold 38,344 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer now owns 116,270 shares of the company’s stock, valued at $3,174,171. This trade represents a 24.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrea Demarco sold 29,000 shares of the company’s stock in a transaction 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NCLH. Barclays upgraded Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $28.00 to $32.00 in a report on Friday, December 13th. Citigroup raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their price target for the stock from $20.00 to $30.00 in a research note on Wednesday, October 9th. Bank of America boosted their price objective on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Mizuho raised their target price on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and an average price target of $29.27.

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.