Qsemble Capital Management LP Invests $531,000 in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Qsemble Capital Management LP acquired a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 25,870 shares of the company’s stock, valued at approximately $531,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in NCLH. O Shaughnessy Asset Management LLC grew its stake in shares of Norwegian Cruise Line by 27.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 13,389 shares of the company’s stock worth $280,000 after purchasing an additional 2,918 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in Norwegian Cruise Line by 50.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 141,429 shares of the company’s stock valued at $2,961,000 after acquiring an additional 47,613 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in Norwegian Cruise Line by 25.8% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 15,213 shares of the company’s stock valued at $318,000 after acquiring an additional 3,123 shares during the period. Tidal Investments LLC grew its stake in Norwegian Cruise Line by 12.2% in the 1st quarter. Tidal Investments LLC now owns 18,561 shares of the company’s stock valued at $388,000 after acquiring an additional 2,012 shares during the period. Finally, Cetera Investment Advisers grew its stake in Norwegian Cruise Line by 170.1% in the 1st quarter. Cetera Investment Advisers now owns 93,155 shares of the company’s stock valued at $1,950,000 after acquiring an additional 58,660 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

NCLH has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Argus upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Morgan Stanley raised their price objective on Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Stifel Nicolaus raised their price objective on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Bank of America raised their price objective on Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $27.60.

Norwegian Cruise Line Stock Down 1.0 %

Shares of NCLH opened at $26.92 on Thursday. The firm has a market cap of $11.84 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 0.31 and a beta of 2.67. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.14 and a 12-month high of $28.11. The company’s 50-day moving average price is $23.96 and its 200 day moving average price is $19.77. 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 issued 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 firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. Norwegian Cruise Line’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. On average, sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current 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 dated Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total value of $805,040.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark Kempa sold 15,000 shares of Norwegian Cruise Line 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 completion of the transaction, the chief financial officer now directly owns 253,386 shares of the company’s stock, valued at approximately $7,059,333.96. This represents a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,344 shares of company stock worth $2,269,731. Company insiders own 0.52% of the company’s stock.

Norwegian Cruise Line 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.