M.E. Allison & CO. Inc. Purchases 30,900 Shares of Norwegian Cruise Line Holdings Ltd. $NCLH

M.E. Allison & CO. Inc. grew its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHFree Report) by 28.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 140,510 shares of the company’s stock after purchasing an additional 30,900 shares during the quarter. Norwegian Cruise Line comprises 1.7% of M.E. Allison & CO. Inc.’s portfolio, making the stock its 12th biggest holding. M.E. Allison & CO. Inc.’s holdings in Norwegian Cruise Line were worth $2,966,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NCLH. Harbor Investment Advisory LLC acquired a new position in shares of Norwegian Cruise Line during the 2nd quarter worth about $68,000. CoreCap Advisors LLC grew its holdings in Norwegian Cruise Line by 41.0% in the 2nd quarter. CoreCap Advisors LLC now owns 9,664 shares of the company’s stock valued at $204,000 after buying an additional 2,808 shares during the last quarter. CX Institutional grew its holdings in Norwegian Cruise Line by 30.3% in the 2nd quarter. CX Institutional now owns 18,081 shares of the company’s stock valued at $382,000 after buying an additional 4,208 shares during the last quarter. Parallel Advisors LLC increased its position in Norwegian Cruise Line by 45.2% in the 1st quarter. Parallel Advisors LLC now owns 3,882 shares of the company’s stock worth $73,000 after buying an additional 1,209 shares during the period. Finally, NewEdge Advisors LLC increased its position in Norwegian Cruise Line by 167.9% in the 1st quarter. NewEdge Advisors LLC now owns 26,928 shares of the company’s stock worth $504,000 after buying an additional 16,878 shares during the period. 69.58% of the stock is currently owned by institutional investors.

Norwegian Cruise Line Stock Up 1.5%

NCLH opened at $20.37 on Thursday. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 1.23 and a beta of 1.90. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.17 and a current ratio of 0.20. The firm’s 50-day simple moving average is $19.62 and its 200-day simple moving average is $19.90. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.53 and a twelve month high of $27.18.

Norwegian Cruise Line (NYSE:NCLHGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.07. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.65 billion. Norwegian Cruise Line had a net margin of 7.49% and a return on equity of 41.38%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS. Norwegian Cruise Line has set its Q3 2026 guidance at 0.900-0.900 EPS and its FY 2026 guidance at 1.500-1.500 EPS. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Norwegian Cruise Line from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Norwegian Cruise Line in a report on Monday. Deutsche Bank Aktiengesellschaft set a $17.00 price target on shares of Norwegian Cruise Line in a research report on Friday, July 31st. Mizuho dropped their price objective on shares of Norwegian Cruise Line from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Finally, Wells Fargo & Company cut their price objective on shares of Norwegian Cruise Line from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $21.15.

View Our Latest Analysis on NCLH

Insider Transactions at Norwegian Cruise Line

In other Norwegian Cruise Line news, CEO John Chidsey bought 153,000 shares of Norwegian Cruise Line stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of $16.37 per share, with a total value of $2,504,610.00. Following the acquisition, the chief executive officer directly owned 1,139,940 shares of the company’s stock, valued at $18,660,817.80. The trade was a 15.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Z. Cohen purchased 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of $15.83 per share, for a total transaction of $474,900.00. Following the completion of the transaction, the director owned 38,912 shares in the company, valued at $615,976.96. The trade was a 336.62% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 1,563,000 shares of company stock valued at $27,971,810. Corporate insiders own 0.25% of the company’s stock.

About Norwegian Cruise Line

(Free Report)

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a global cruise operator offering a portfolio of premium brands that includes Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company provides sea voyages and related onboard services such as dining, entertainment, shore excursions and destination experiences. Its fleet of modern vessels sails to more than 400 destinations across all seven continents, serving leisure travelers with itineraries ranging from short Caribbean getaways to extended world voyages.

Founded in 1966 by Knut Kloster and Ted Arison, the company pioneered the concept of “Freestyle Cruising,” which allows passengers greater flexibility in dining schedules, entertainment choices and onboard activities.

See Also

Want to see what other hedge funds are holding NCLH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHFree Report).

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

Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.