Blueshift Asset Management LLC Purchases New Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Blueshift Asset Management LLC bought a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 61,305 shares of the company’s stock, valued at approximately $1,257,000.

A number of other large investors also recently bought and sold shares of the business. Glenmede Trust Co. NA raised its position in shares of Norwegian Cruise Line by 8.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 17,201 shares of the company’s stock worth $353,000 after purchasing an additional 1,381 shares during the last quarter. Townsquare Capital LLC lifted its position in shares of Norwegian Cruise Line by 45.1% in the third quarter. Townsquare Capital LLC now owns 18,300 shares of the company’s stock valued at $375,000 after acquiring an additional 5,687 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Norwegian Cruise Line during the third quarter worth approximately $56,000. Quantbot Technologies LP raised its stake in Norwegian Cruise Line by 1,816.7% in the 3rd quarter. Quantbot Technologies LP now owns 365,845 shares of the company’s stock valued at $7,503,000 after purchasing an additional 346,758 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Norwegian Cruise Line by 0.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 316,457 shares of the company’s stock valued at $6,491,000 after purchasing an additional 983 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $27.17 on Wednesday. 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 company has a 50 day moving average price of $23.81 and a 200 day moving average price of $19.71. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.14 and a fifty-two week high of $28.11. The stock has a market capitalization of $11.95 billion, a P/E ratio of 24.93, a PEG ratio of 0.31 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. Norwegian Cruise Line’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. Equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current year.

Insider Buying and Selling

In other 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 of the company’s stock, valued at approximately $3,174,171. This trade represents a 24.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark Kempa sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total transaction of $417,900.00. Following the sale, the chief financial officer now directly owns 253,386 shares in the company, valued at approximately $7,059,333.96. The trade was a 5.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,344 shares of company stock valued at $2,269,731 in the last three months. 0.52% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NCLH has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Argus upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Susquehanna raised their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley lifted their price target on Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Hold” and an average target price 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.