Brooklyn Investment Group Acquires Shares of 2,732 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Brooklyn Investment Group acquired a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 3rd quarter, HoldingsChannel reports. The firm acquired 2,732 shares of the company’s stock, valued at approximately $56,000.

Several other institutional investors have also added to or reduced their stakes in NCLH. Avior Wealth Management LLC grew its stake in shares of Norwegian Cruise Line by 34.1% during the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after buying an additional 429 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of Norwegian Cruise Line during the second quarter worth $39,000. Blue Trust Inc. grew its stake in shares of Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after buying an additional 1,817 shares during the last quarter. Huntington National Bank grew its stake in shares of Norwegian Cruise Line by 173.1% during the third quarter. Huntington National Bank now owns 3,504 shares of the company’s stock worth $72,000 after buying an additional 2,221 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Norwegian Cruise Line during the third quarter worth $78,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $26.90 on Friday. The firm’s 50-day moving average price is $24.21 and its 200-day moving average price is $19.89. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $28.11. The firm has a market capitalization of $11.83 billion, a P/E ratio of 24.67, a P/E/G ratio of 0.30 and a beta of 2.67. 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 announced its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, beating 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 firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Mark Kempa sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total value of $417,900.00. Following the sale, the chief financial officer now owns 253,386 shares in the company, valued at $7,059,333.96. This represents a 5.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Faye L. Ashby sold 38,344 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the completion of the sale, 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. Over the last 90 days, 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

A number of research firms have weighed in on NCLH. The Goldman Sachs Group boosted their target price on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Citigroup raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $30.00 in a research note on Wednesday, October 9th. Tigress Financial boosted their price objective on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 11th. Finally, Truist Financial boosted their price objective on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Hold” and an average price target of $27.60.

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.