Baillie Gifford & Co. Purchases Shares of 8,734,579 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Baillie Gifford & Co. acquired a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,734,579 shares of the company’s stock, valued at approximately $179,146,000.

A number of other institutional investors also recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its holdings in shares of Norwegian Cruise Line by 2.5% during the first quarter. Janney Montgomery Scott LLC now owns 45,532 shares of the company’s stock valued at $953,000 after purchasing an additional 1,106 shares during the period. GSA Capital Partners LLP boosted its holdings in Norwegian Cruise Line by 9.4% in the first quarter. GSA Capital Partners LLP now owns 21,922 shares of the company’s stock worth $459,000 after acquiring an additional 1,889 shares in the last quarter. SG Americas Securities LLC grew its stake in Norwegian Cruise Line by 118.4% in the first quarter. SG Americas Securities LLC now owns 115,979 shares of the company’s stock valued at $2,427,000 after acquiring an additional 62,863 shares during the period. Avantax Advisory Services Inc. increased its holdings in shares of Norwegian Cruise Line by 1.6% during the first quarter. Avantax Advisory Services Inc. now owns 93,034 shares of the company’s stock valued at $1,947,000 after acquiring an additional 1,501 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its position in shares of Norwegian Cruise Line by 9.3% during the first quarter. Bleakley Financial Group LLC now owns 15,095 shares of the company’s stock worth $316,000 after purchasing an additional 1,281 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Up 1.8 %

Shares of NYSE NCLH opened at $27.82 on Tuesday. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The stock has a market capitalization of $12.23 billion, a P/E ratio of 25.52, a PEG ratio of 0.28 and a beta of 2.67. The firm’s 50 day simple moving average is $21.94 and its two-hundred day simple moving average is $18.95. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.87 and a one year high of $27.93.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 EPS. As a group, analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.64 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group upped their target price on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Barclays increased their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Stifel Nicolaus increased their price target on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.73.

Insider Activity at Norwegian Cruise Line

In other news, CFO Mark Kempa sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total value of $417,900.00. Following the completion of the transaction, the chief financial officer now owns 253,386 shares in the company, valued at $7,059,333.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Norwegian Cruise Line news, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total transaction of $805,040.00. Following the completion of the transaction, the insider now owns 97,304 shares in the company, valued at approximately $2,701,159.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total value of $417,900.00. Following the completion of the sale, the chief financial officer now directly owns 253,386 shares in the company, valued at $7,059,333.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,344 shares of company stock worth $2,269,731 over the last 90 days. 0.52% of the stock is owned by company insiders.

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.