Matthew Goff Investment Advisor LLC Takes $600,000 Position in Norwegian Cruise Line Holdings Ltd. (NCLH)
Matthew Goff Investment Advisor LLC bought a new stake in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,725 shares of the company’s stock, valued at approximately $600,000.
Other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in Norwegian Cruise Line by 273.5% in the third quarter. Parallel Advisors LLC now owns 1,976 shares of the company’s stock valued at $113,000 after purchasing an additional 1,447 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in Norwegian Cruise Line in the second quarter valued at approximately $114,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Norwegian Cruise Line in the third quarter valued at approximately $146,000. HRT Financial LLC bought a new position in Norwegian Cruise Line in the third quarter valued at approximately $208,000. Finally, Allianz Asset Management GmbH bought a new position in Norwegian Cruise Line in the first quarter valued at approximately $215,000. 88.85% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the company. Citigroup decreased their price target on Norwegian Cruise Line from $62.00 to $59.00 and set a “buy” rating for the company in a research note on Monday, November 19th. Deutsche Bank set a $68.00 target price on Norwegian Cruise Line and gave the stock a “buy” rating in a research note on Friday, November 9th. Macquarie upgraded Norwegian Cruise Line from an “underperform” rating to a “neutral” rating and set a $55.00 target price for the company in a research note on Thursday, November 1st. BidaskClub downgraded Norwegian Cruise Line from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 27th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Norwegian Cruise Line in a research note on Thursday, October 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. Norwegian Cruise Line presently has an average rating of “Buy” and an average target price of $63.89.
Shares of NASDAQ NCLH traded up $0.49 during midday trading on Thursday, hitting $49.26. 212,444 shares of the company’s stock were exchanged, compared to its average volume of 2,117,094. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $41.61 and a 12 month high of $61.18.
Norwegian Cruise Line (NASDAQ:NCLH) last issued its earnings results on Thursday, November 8th. The company reported $2.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.06. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year.
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Norwegian Cruise Line Profile
Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.
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