Range Financial Group LLC Increases Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Range Financial Group LLC increased its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 328.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,329 shares of the company’s stock after purchasing an additional 106,067 shares during the quarter. Norwegian Cruise Line makes up approximately 1.6% of Range Financial Group LLC’s holdings, making the stock its 7th largest holding. Range Financial Group LLC’s holdings in Norwegian Cruise Line were worth $3,559,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NCLH. Baillie Gifford & Co. purchased a new stake in shares of Norwegian Cruise Line during the 3rd quarter valued at about $179,146,000. Two Sigma Advisers LP grew its stake in Norwegian Cruise Line by 864.9% in the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock worth $79,263,000 after acquiring an additional 3,464,100 shares in the last quarter. Columbus Hill Capital Management L.P. bought a new position in Norwegian Cruise Line in the 2nd quarter worth about $23,479,000. Dimensional Fund Advisors LP grew its stake in Norwegian Cruise Line by 32.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after acquiring an additional 1,129,770 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in Norwegian Cruise Line in the 2nd quarter worth about $15,213,000. 69.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NCLH has been the topic of a number of research analyst reports. UBS Group upped their target price on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Mizuho increased their price objective on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Argus upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Truist Financial increased their price objective on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. One investment 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 company. Based on data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and an average price target of $29.27.

Insider Activity at Norwegian Cruise Line

In related news, CAO Faye L. Ashby sold 38,344 shares of the business’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 transaction, the chief accounting officer now directly owns 116,270 shares in the company, valued at approximately $3,174,171. The trade was a 24.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark Kempa sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total transaction of $417,900.00. Following the transaction, the chief financial officer now owns 253,386 shares in the company, valued at $7,059,333.96. The trade was a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,344 shares of company stock worth $2,269,731. 0.52% of the stock is owned by company insiders.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock traded down $0.17 during trading on Tuesday, hitting $25.47. 9,123,768 shares of the company’s stock were exchanged, compared to its average volume of 9,074,174. 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 business has a 50-day simple moving average of $26.44 and a 200-day simple moving average of $21.69. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.69 and a 52-week high of $28.64. The stock has a market capitalization of $11.20 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 0.30 and a beta of 2.64.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.94 by $0.05. The company 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%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business earned $0.71 earnings per share. On average, research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 EPS for the current year.

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.