Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Acquired by Bullseye Asset Management LLC

Bullseye Asset Management LLC raised its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 2.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 352,318 shares of the company’s stock after buying an additional 10,000 shares during the quarter. Norwegian Cruise Line comprises 3.3% of Bullseye Asset Management LLC’s investment portfolio, making the stock its 6th largest position. Bullseye Asset Management LLC’s holdings in Norwegian Cruise Line were worth $7,226,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Baillie Gifford & Co. bought a new position in shares of Norwegian Cruise Line in the third quarter valued at approximately $179,146,000. Two Sigma Advisers LP boosted its position in Norwegian Cruise Line by 864.9% in the third 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 last quarter. Columbus Hill Capital Management L.P. bought a new position in Norwegian Cruise Line in the 2nd quarter valued at $23,479,000. Dimensional Fund Advisors LP increased its position in shares of Norwegian Cruise Line by 32.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after purchasing an additional 1,129,770 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Norwegian Cruise Line during the 2nd quarter worth $15,213,000. Institutional investors own 69.58% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on NCLH shares. Bank of America lifted their price objective on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. UBS Group lifted their price target on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, September 16th. StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley upped their price objective on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $28.27.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock opened at $25.92 on Tuesday. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.69 and a fifty-two week high of $28.64. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The stock has a market cap of $11.40 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 0.31 and a beta of 2.65. The firm’s fifty day moving average price is $24.90 and its 200-day moving average price is $20.35.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter last year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share 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 stock was sold at an average price of $27.76, for a total value of $805,040.00. Following the transaction, the insider now directly owns 97,304 shares of the company’s stock, valued at $2,701,159.04. The trade was a 22.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Faye L. Ashby sold 38,344 shares of the firm’s stock in a transaction that occurred on 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 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. In the last three months, insiders have sold 82,344 shares of company stock valued at $2,269,731. Corporate insiders own 0.52% of the company’s stock.

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.