EP Wealth Advisors LLC Makes New $236,000 Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

EP Wealth Advisors LLC bought a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,515 shares of the company’s stock, valued at approximately $236,000.

A number of other hedge funds have also recently modified their holdings of NCLH. Avior Wealth Management LLC boosted 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 acquiring an additional 429 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Norwegian Cruise Line by 2.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock worth $509,000 after purchasing an additional 500 shares during the period. Thrivent Financial for Lutherans boosted its position in Norwegian Cruise Line by 1.1% during the third quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock worth $944,000 after purchasing an additional 509 shares in the last quarter. Mount Lucas Management LP grew its holdings in Norwegian Cruise Line by 2.4% in the third quarter. Mount Lucas Management LP now owns 22,055 shares of the company’s stock valued at $452,000 after purchasing an additional 516 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Norwegian Cruise Line by 1.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock valued at $918,000 after buying an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Insider Activity

In related news, CFO Mark Kempa sold 15,000 shares of the business’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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Faye L. Ashby sold 38,344 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were 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 directly owns 116,270 shares in the company, valued at $3,174,171. The trade was a 24.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is currently owned by company insiders.

Norwegian Cruise Line Stock Down 0.0 %

Shares of NCLH opened at $26.80 on Friday. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.69 and a 52-week high of $28.64. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The stock has a fifty day simple moving average of $25.56 and a two-hundred day simple moving average of $20.69. The company has a market capitalization of $11.78 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 0.31 and a beta of 2.65.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.05. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business earned $0.71 earnings per share. As a group, equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current year.

Analyst Upgrades and Downgrades

NCLH has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Friday, November 1st. The Goldman Sachs Group raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price objective for the company from $29.00 to $35.00 in a report on Tuesday, December 10th. Argus raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Tigress Financial raised their price target on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a research note on Monday, November 11th. Finally, Barclays upgraded Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $28.00 to $32.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.93.

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.