Premier Fund Managers Ltd Acquires New Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)


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Premier Fund Managers Ltd acquired a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,984,118 shares of the company’s stock, valued at approximately $50,883,000. Norwegian Cruise Line comprises approximately 2.2% of Premier Fund Managers Ltd’s portfolio, making the stock its 3rd largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of NCLH. FMR LLC grew its stake in Norwegian Cruise Line by 27.6% in the 1st quarter. FMR LLC now owns 245,566 shares of the company’s stock valued at $13,497,000 after acquiring an additional 53,190 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Norwegian Cruise Line by 27.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 14,000 shares of the company’s stock worth $240,000 after purchasing an additional 3,000 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Norwegian Cruise Line by 353.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 17,700 shares of the company’s stock worth $303,000 after purchasing an additional 13,800 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Norwegian Cruise Line by 1.3% during the 3rd quarter. Retirement Systems of Alabama now owns 111,086 shares of the company’s stock worth $1,901,000 after purchasing an additional 1,478 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in shares of Norwegian Cruise Line by 18.1% during the 3rd quarter. World Asset Management Inc now owns 11,980 shares of the company’s stock worth $205,000 after purchasing an additional 1,838 shares during the last quarter. 50.47% of the stock is currently owned by hedge funds and other institutional investors.

NCLH has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Norwegian Cruise Line from $18.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, January 15th. Berenberg Bank cut shares of Norwegian Cruise Line from a “buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a research note on Friday, February 12th. Truist raised their price target on shares of Norwegian Cruise Line from $13.00 to $20.00 in a research note on Friday, January 22nd. Morgan Stanley decreased their price target on shares of Norwegian Cruise Line from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Monday, November 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Norwegian Cruise Line from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 11th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.03.

In other news, CEO Robert Binder sold 91,484 shares of Norwegian Cruise Line stock in a transaction that occurred on Tuesday, December 15th. The shares were sold at an average price of $24.76, for a total transaction of $2,265,143.84. Following the sale, the chief executive officer now owns 285,249 shares in the company, valued at $7,062,765.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

Shares of NCLH traded down $1.24 during mid-day trading on Tuesday, reaching $27.32. 154,118 shares of the stock traded hands, compared to its average volume of 16,229,035. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of -2.08 and a beta of 2.87. The stock has a fifty day simple moving average of $24.46 and a 200 day simple moving average of $22.66. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $7.03 and a 12-month high of $44.65. The company has a quick ratio of 1.10, a current ratio of 1.14 and a debt-to-equity ratio of 2.56.

Norwegian Cruise Line Profile

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in the 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 cruise itineraries ranging from a few days to 180-days calling on various locations, including destinations in Scandinavia, Russia, the Mediterranean, the Greek Isles, Alaska, Canada and New England, India and the rest of Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, South America, the Panama Canal, the Caribbean, and Harvest Caye.

Further Reading: What is Cost of Goods Sold (COGS)?

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Institutional Ownership by Quarter for Norwegian Cruise Line (NYSE:NCLH)

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