Norwegian Cruise Line (NYSE:NCLH) Insider Jason Montague Buys 13,400 Shares of Stock

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) insider Jason Montague purchased 13,400 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average cost of $18.81 per share, for a total transaction of $252,054.00. Following the completion of the transaction, the insider directly owned 13,400 shares of the company’s stock, valued at $252,054. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Norwegian Cruise Line Trading Down 2.0%

Shares of NYSE NCLH opened at $18.23 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 8.05. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.21 and a one year high of $29.29. The business has a 50-day moving average price of $23.97 and a two-hundred day moving average price of $21.84. The firm has a market capitalization of $8.24 billion, a PE ratio of 12.57, a PEG ratio of 0.71 and a beta of 2.22.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Tuesday, November 4th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.03 billion. Norwegian Cruise Line had a return on equity of 59.88% and a net margin of 7.52%. Norwegian Cruise Line has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 2.100-2.100 EPS. As a group, analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

Institutional Trading of Norwegian Cruise Line

A number of institutional investors and hedge funds have recently made changes to their positions in NCLH. MUFG Securities EMEA plc acquired a new position in shares of Norwegian Cruise Line during the 2nd quarter valued at about $26,000. Sentry Investment Management LLC acquired a new stake in Norwegian Cruise Line in the 2nd quarter worth approximately $31,000. New Age Alpha Advisors LLC bought a new stake in Norwegian Cruise Line during the first quarter worth approximately $33,000. Laurel Wealth Advisors LLC grew its holdings in Norwegian Cruise Line by 1,928.0% during the second quarter. Laurel Wealth Advisors LLC now owns 2,028 shares of the company’s stock valued at $41,000 after purchasing an additional 1,928 shares during the last quarter. Finally, Bogart Wealth LLC grew its holdings in Norwegian Cruise Line by 1,012.0% during the first quarter. Bogart Wealth LLC now owns 2,224 shares of the company’s stock valued at $42,000 after purchasing an additional 2,024 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NCLH shares. Zacks Research upgraded shares of Norwegian Cruise Line from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 16th. Barclays reduced their price objective on Norwegian Cruise Line from $31.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday. Citigroup upped their target price on Norwegian Cruise Line from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Truist Financial raised their price target on Norwegian Cruise Line from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Finally, UBS Group boosted their price target on Norwegian Cruise Line from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, August 26th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.74.

About Norwegian Cruise Line

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.