Global Retirement Partners LLC raised its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Free Report) by 96.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,237 shares of the company’s stock after purchasing an additional 5,507 shares during the period. Global Retirement Partners LLC’s holdings in Norwegian Cruise Line were worth $159,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp lifted its stake in shares of Norwegian Cruise Line by 51.1% in the first quarter. Truist Financial Corp now owns 30,007 shares of the company’s stock worth $404,000 after buying an additional 10,147 shares in the last quarter. Versor Investments LP purchased a new position in shares of Norwegian Cruise Line in the first quarter worth about $385,000. Treasurer of the State of North Carolina lifted its stake in shares of Norwegian Cruise Line by 0.7% in the first quarter. Treasurer of the State of North Carolina now owns 182,835 shares of the company’s stock worth $2,459,000 after buying an additional 1,300 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Norwegian Cruise Line by 9.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,179 shares of the company’s stock worth $715,000 after buying an additional 4,565 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of Norwegian Cruise Line by 10.0% in the first quarter. Integrated Wealth Concepts LLC now owns 17,964 shares of the company’s stock worth $242,000 after buying an additional 1,638 shares in the last quarter. 57.22% of the stock is owned by hedge funds and other institutional investors.
Norwegian Cruise Line Price Performance
Shares of NCLH opened at $17.97 on Friday. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $10.83 and a fifty-two week high of $22.75. The firm’s 50 day moving average price is $20.11 and its 200 day moving average price is $15.82. The company has a market cap of $7.62 billion, a P/E ratio of -8.90 and a beta of 2.59. The company has a quick ratio of 0.26, a current ratio of 0.29 and a debt-to-equity ratio of 184.14.
Insider Activity
In other news, CFO Mark Kempa sold 4,700 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $16.04, for a total value of $75,388.00. Following the completion of the transaction, the chief financial officer now owns 241,021 shares in the company, valued at approximately $3,865,976.84. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Mark Kempa sold 4,700 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $16.04, for a total value of $75,388.00. Following the completion of the sale, the chief financial officer now owns 241,021 shares in the company, valued at approximately $3,865,976.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel S. Farkas sold 38,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $19.46, for a total transaction of $739,480.00. Following the completion of the sale, the executive vice president now owns 244,261 shares of the company’s stock, valued at approximately $4,753,319.06. The disclosure for this sale can be found here. In the last quarter, insiders sold 358,511 shares of company stock worth $6,654,392. Corporate insiders own 0.87% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Norwegian Cruise Line from $15.00 to $16.00 in a research note on Monday, June 12th. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley reissued an “underweight” rating and issued a $14.50 price target on shares of Norwegian Cruise Line in a research note on Friday, August 4th. Susquehanna lowered shares of Norwegian Cruise Line from a “positive” rating to a “neutral” rating and set a $17.00 target price on the stock. in a report on Wednesday, August 2nd. Finally, Bank of America boosted their target price on shares of Norwegian Cruise Line from $17.00 to $19.00 in a report on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.58.
View Our Latest Analysis on Norwegian Cruise Line
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 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 locations, including destinations in Scandinavia, Russia, 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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