Yeomans Consulting Group Inc. Takes Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Yeomans Consulting Group Inc. purchased a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,693 shares of the company’s stock, valued at approximately $327,000.

Several other hedge funds have also made changes to their positions in the stock. Zacks Investment Management acquired a new stake in Norwegian Cruise Line in the third quarter worth $3,821,000. Hodges Capital Management Inc. increased its holdings in shares of Norwegian Cruise Line by 1.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company’s stock worth $31,678,000 after acquiring an additional 23,075 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Norwegian Cruise Line by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock valued at $71,791,000 after purchasing an additional 94,178 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Norwegian Cruise Line by 1,104.7% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 178,603 shares of the company’s stock valued at $3,663,000 after purchasing an additional 163,777 shares during the period. Finally, nVerses Capital LLC bought a new position in Norwegian Cruise Line in the 3rd quarter worth about $615,000. Institutional investors own 69.58% of the company’s stock.

Insider Buying and Selling

In other Norwegian Cruise Line news, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the sale, the chief accounting officer now directly owns 116,270 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrea Demarco sold 29,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total value of $805,040.00. Following the completion of the transaction, the insider now directly owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. The trade was a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,344 shares of company stock valued at $2,269,731 over the last ninety days. 0.52% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Argus upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price target on Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Barclays raised shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $28.00 to $32.00 in a report on Friday, December 13th. Mizuho boosted their price target on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. 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 report on Monday, December 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.27.

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH opened at $26.46 on Friday. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.69 and a 12-month 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 company has a market cap of $11.63 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 0.24 and a beta of 2.64. The company’s fifty day moving average is $26.46 and its two-hundred day moving average is $22.37.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. Equities analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.5 earnings per share for the current fiscal year.

Norwegian Cruise Line 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.