GAMMA Investing LLC Increases Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

GAMMA Investing LLC increased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 129.5% during the second quarter, HoldingsChannel.com reports. The firm owned 11,903 shares of the company’s stock after buying an additional 6,717 shares during the period. GAMMA Investing LLC’s holdings in Norwegian Cruise Line were worth $224,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in shares of Norwegian Cruise Line in the first quarter worth about $27,000. YHB Investment Advisors Inc. bought a new stake in Norwegian Cruise Line during the 1st quarter worth approximately $39,000. 1832 Asset Management L.P. bought a new stake in Norwegian Cruise Line during the 4th quarter worth approximately $44,000. Fidelis Capital Partners LLC purchased a new stake in Norwegian Cruise Line in the 1st quarter worth approximately $61,000. Finally, Redmont Wealth Advisors LLC bought a new position in Norwegian Cruise Line in the 1st quarter valued at $80,000. Institutional investors own 69.58% of the company’s stock.

Insider Transactions at Norwegian Cruise Line

In other news, Director Zillah Byng-Thorne purchased 13,360 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average cost of $16.50 per share, for a total transaction of $220,440.00. Following the completion of the transaction, the director now directly owns 13,360 shares of the company’s stock, valued at approximately $220,440. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Norwegian Cruise Line Trading Up 3.3 %

NYSE:NCLH traded up $0.50 during trading hours on Tuesday, reaching $15.83. The company’s stock had a trading volume of 11,748,190 shares, compared to its average volume of 13,045,496. The firm has a 50-day simple moving average of $18.03 and a 200-day simple moving average of $18.01. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.70 and a 1 year high of $21.73. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 0.29 and a beta of 2.69.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.38 billion. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 earnings per share. Research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NCLH. Truist Financial raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and upped their price target for the stock from $20.00 to $21.00 in a report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft upped their target price on Norwegian Cruise Line from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, May 21st. Susquehanna lifted their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday. Barclays boosted their price objective on Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, Citigroup raised their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $22.24.

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.