8,270 Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Acquired by KBC Group NV

KBC Group NV acquired a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,270 shares of the company’s stock, valued at approximately $166,000.

Several other large investors also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Norwegian Cruise Line in the fourth quarter valued at about $83,243,000. Invesco Ltd. boosted its position in shares of Norwegian Cruise Line by 22.4% during the 3rd quarter. Invesco Ltd. now owns 8,197,327 shares of the company’s stock worth $135,092,000 after purchasing an additional 1,499,622 shares during the period. Dimensional Fund Advisors LP lifted its stake in Norwegian Cruise Line by 58.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock worth $62,240,000 after purchasing an additional 1,141,086 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Norwegian Cruise Line by 2.1% during the third quarter. Vanguard Group Inc. now owns 49,697,071 shares of the company’s stock worth $819,008,000 after buying an additional 1,031,053 shares during the period. Finally, Panagora Asset Management Inc. grew its stake in shares of Norwegian Cruise Line by 357.4% in the fourth quarter. Panagora Asset Management Inc. now owns 1,067,151 shares of the company’s stock valued at $21,386,000 after buying an additional 833,850 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NCLH shares. UBS Group raised their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Barclays dropped their price objective on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Citigroup increased their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Stifel Nicolaus boosted their price target on shares of Norwegian Cruise Line from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, Wells Fargo & Company upped their price objective on Norwegian Cruise Line from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Norwegian Cruise Line has a consensus rating of “Hold” and an average target price of $21.25.

Read Our Latest Stock Analysis on Norwegian Cruise Line

Norwegian Cruise Line Stock Down 1.2 %

Norwegian Cruise Line stock opened at $17.58 on Tuesday. The stock has a 50 day moving average of $17.42 and a two-hundred day moving average of $18.01. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $12.70 and a twelve month high of $22.75. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 0.30 and a beta of 2.62. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 33.16.

Norwegian Cruise Line (NYSE:NCLHGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.24 billion. As a group, research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.16 earnings per share for the current year.

Insider Activity

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne bought 13,360 shares of Norwegian Cruise Line stock in a transaction on Friday, May 31st. The stock was bought at an average price of $16.50 per share, with a total value of $220,440.00. Following the completion of the acquisition, the director now owns 13,360 shares in the company, valued at $220,440. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.87% of the company’s stock.

About Norwegian Cruise Line

(Free Report)

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.

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Institutional Ownership by Quarter for Norwegian Cruise Line (NYSE:NCLH)

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