Wedge Capital Management L L P NC Makes New Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Wedge Capital Management L L P NC bought a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,708,340 shares of the company’s stock, valued at approximately $43,956,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Prestige Wealth Management Group LLC boosted its position in Norwegian Cruise Line by 192.3% in the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock worth $25,000 after purchasing an additional 800 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of Norwegian Cruise Line by 34.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after purchasing an additional 429 shares during the period. Blue Trust Inc. boosted its holdings in shares of Norwegian Cruise Line by 489.8% in the 3rd 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. Brooklyn Investment Group bought a new position in Norwegian Cruise Line during the third quarter valued at about $56,000. Finally, Huntington National Bank increased its holdings in 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. 69.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Macquarie reiterated an “outperform” rating and issued a $30.00 price objective on shares of Norwegian Cruise Line in a research note on Friday. Argus raised Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Mizuho boosted their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus increased their price target on Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.27.

Insider Transactions at Norwegian Cruise Line

In other Norwegian Cruise Line news, CAO Faye L. Ashby sold 38,344 shares of the firm’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 sale, the chief accounting officer now owns 116,270 shares in the company, valued at $3,174,171. This trade represents a 24.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total value of $417,900.00. Following the completion of the transaction, the chief financial officer now owns 253,386 shares of the company’s stock, valued at $7,059,333.96. The trade was a 5.59 % 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 owned by corporate insiders.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock opened at $27.20 on Friday. The firm’s 50 day simple moving average is $26.51 and its 200 day simple moving average is $22.07. 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 Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $28.64. The firm has a market capitalization of $11.96 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 0.24 and a beta of 2.64.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.05. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $0.71 earnings per share. As a group, analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current fiscal year.

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.