Encompass More Asset Management Invests $451,000 in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Encompass More Asset Management bought a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the third quarter, HoldingsChannel reports. The firm bought 21,969 shares of the company’s stock, valued at approximately $451,000.

Other large investors have also modified their holdings of the company. Avior Wealth Management LLC lifted its stake in Norwegian Cruise Line by 34.1% during the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after purchasing an additional 429 shares during the last quarter. Sentry Investment Management LLC bought a new position in shares of Norwegian Cruise Line in the 2nd quarter worth about $39,000. Blue Trust Inc. boosted its holdings in shares of Norwegian Cruise Line by 489.8% in the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after buying an additional 1,817 shares during the period. Brooklyn Investment Group bought a new stake in shares of Norwegian Cruise Line during the 3rd quarter valued at about $56,000. Finally, Huntington National Bank raised its stake in Norwegian Cruise Line by 173.1% during the third quarter. Huntington National Bank now owns 3,504 shares of the company’s stock worth $72,000 after acquiring an additional 2,221 shares during the period. Institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

NCLH has been the subject of a number of research reports. The Goldman Sachs Group lifted their target price on Norwegian Cruise Line from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Truist Financial boosted their price objective on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their target price for the stock from $20.00 to $30.00 in a research report on Wednesday, October 9th. Susquehanna boosted their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.60.

Norwegian Cruise Line Stock Down 0.1 %

NCLH stock opened at $26.90 on Friday. The firm’s 50-day moving average is $24.21 and its two-hundred day moving average is $19.89. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The company has a market capitalization of $11.83 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 0.30 and a beta of 2.67. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.69 and a 52 week high of $28.11.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 earnings per share. On average, analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total value of $805,040.00. Following the transaction, the insider now directly owns 97,304 shares of the company’s stock, valued at $2,701,159.04. This trade represents a 22.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark Kempa sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total transaction of $417,900.00. Following the completion of the sale, the chief financial officer now owns 253,386 shares of the company’s stock, valued at approximately $7,059,333.96. This trade represents a 5.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,344 shares of company stock worth $2,269,731 over the last 90 days. 0.52% of the stock is currently owned by company insiders.

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.