Insider Buying: Norwegian Cruise Line (NYSE:NCLH) Director Buys 5,000 Shares of Stock

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Director Harry Curtis bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $19.25 per share, with a total value of $96,250.00. Following the transaction, the director owned 50,325 shares in the company, valued at approximately $968,756.25. This represents a 11.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Norwegian Cruise Line Stock Up 2.8%

Norwegian Cruise Line stock traded up $0.53 during trading on Wednesday, reaching $19.35. 1,808,356 shares of the company’s stock were exchanged, compared to its average volume of 14,719,166. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 0.71 and a beta of 2.22. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.16 and a current ratio of 0.18. The company’s 50-day moving average is $23.62 and its two-hundred day moving average is $21.95.

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, topping the consensus estimate of $1.17 by $0.03. The company had revenue of $2.94 billion during 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. On average, analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Morgan Stanley lowered their target price on Norwegian Cruise Line from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Norwegian Cruise Line from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Truist Financial upped their target price on shares of Norwegian Cruise Line from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Bank of America upped their price objective on Norwegian Cruise Line from $20.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Susquehanna decreased their target price on Norwegian Cruise Line from $25.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of “Moderate Buy” and an average target price of $28.26.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NCLH. Vanguard Group Inc. raised its holdings in Norwegian Cruise Line by 1.2% during the first quarter. Vanguard Group Inc. now owns 53,960,561 shares of the company’s stock worth $1,023,092,000 after purchasing an additional 653,279 shares in the last quarter. State Street Corp raised its position in shares of Norwegian Cruise Line by 3.3% during the second quarter. State Street Corp now owns 16,299,409 shares of the company’s stock worth $330,552,000 after purchasing an additional 524,239 shares during the period. Ariel Investments LLC increased its stake in Norwegian Cruise Line by 36.2% in the 2nd quarter. Ariel Investments LLC now owns 12,369,377 shares of the company’s stock worth $250,851,000 after purchasing an additional 3,288,207 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Norwegian Cruise Line by 3.3% in the second quarter. Geode Capital Management LLC now owns 11,636,194 shares of the company’s stock worth $235,532,000 after acquiring an additional 370,064 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Norwegian Cruise Line by 22.7% during the first quarter. Invesco Ltd. now owns 11,477,606 shares of the company’s stock valued at $217,615,000 after acquiring an additional 2,122,501 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

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.