Daiwa Securities Group Inc. Acquires 17,330 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Daiwa Securities Group Inc. raised its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 37.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,599 shares of the company’s stock after purchasing an additional 17,330 shares during the period. Daiwa Securities Group Inc.’s holdings in Norwegian Cruise Line were worth $1,304,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NCLH. Cerity Partners LLC raised its holdings in Norwegian Cruise Line by 400.8% during the 3rd quarter. Cerity Partners LLC now owns 167,194 shares of the company’s stock worth $3,429,000 after purchasing an additional 133,810 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in shares of Norwegian Cruise Line by 7.8% during the third quarter. Great Valley Advisor Group Inc. now owns 16,892 shares of the company’s stock worth $346,000 after buying an additional 1,218 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Norwegian Cruise Line by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock worth $71,791,000 after buying an additional 94,178 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in Norwegian Cruise Line by 34.1% in the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after buying an additional 429 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Norwegian Cruise Line by 2.1% during the third quarter. PNC Financial Services Group Inc. now owns 98,802 shares of the company’s stock valued at $2,026,000 after acquiring an additional 2,063 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Mark Kempa sold 15,000 shares of Norwegian Cruise Line stock in a transaction 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 $7,059,333.96. The trade was a 5.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Faye L. Ashby sold 38,344 shares of the 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 transaction, the chief accounting officer now owns 116,270 shares of the company’s stock, valued at approximately $3,174,171. The trade was a 24.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,344 shares of company stock valued at $2,269,731 in the last 90 days. 0.52% of the stock is currently owned by corporate insiders.

Norwegian Cruise Line Stock Down 0.1 %

Shares of NYSE:NCLH opened at $26.90 on Friday. The business’s 50 day moving average is $24.21 and its 200 day moving average is $19.89. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.69 and a 12-month high of $28.11. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 0.30 and a beta of 2.67. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH) last posted its earnings results 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. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue was up 10.7% compared to the same quarter last year. On average, sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NCLH shares. Stifel Nicolaus boosted their price objective on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Tigress Financial raised their price objective on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 11th. UBS Group lifted their price objective on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Mizuho increased their target price on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Morgan Stanley lifted their price target on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $27.60.

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.