Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Get Free Report) Director Zillah Byng-Thorne purchased 25,015 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was bought at an average cost of $17.67 per share, with a total value of $442,015.05. Following the acquisition, the director owned 99,811 shares of the company’s stock, valued at $1,763,660.37. This represents a 33.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Zillah Byng-Thorne also recently made the following trade(s):
- On Thursday, May 7th, Zillah Byng-Thorne bought 4,452 shares of Norwegian Cruise Line stock. The stock was purchased at an average cost of $17.83 per share, with a total value of $79,379.16.
Norwegian Cruise Line Trading Down 0.0%
NCLH stock opened at $17.07 on Monday. The company has a market cap of $7.84 billion, a P/E ratio of 14.35, a PEG ratio of 1.01 and a beta of 1.92. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $16.87 and a twelve month high of $27.18. The company has a quick ratio of 0.18, a current ratio of 0.21 and a debt-to-equity ratio of 5.75. The business has a fifty day moving average of $19.81 and a 200-day moving average of $20.87.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on NCLH shares. Barclays dropped their price target on shares of Norwegian Cruise Line from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 5th. Citigroup lowered their target price on shares of Norwegian Cruise Line from $25.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Mizuho dropped their target price on shares of Norwegian Cruise Line from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Truist Financial reduced their price target on Norwegian Cruise Line from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Finally, Tigress Financial decreased their price objective on Norwegian Cruise Line from $38.00 to $32.00 and set a “strong-buy” rating for the company in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Hold” and an average target price of $22.24.
Get Our Latest Stock Report on Norwegian Cruise Line
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Capital International Investors raised its holdings in Norwegian Cruise Line by 7.1% in the fourth quarter. Capital International Investors now owns 56,177,669 shares of the company’s stock worth $1,253,886,000 after purchasing an additional 3,728,929 shares during the period. Vanguard Group Inc. grew its holdings in shares of Norwegian Cruise Line by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 52,846,173 shares of the company’s stock valued at $1,179,527,000 after buying an additional 157,974 shares during the period. State Street Corp grew its holdings in shares of Norwegian Cruise Line by 0.4% in the 4th quarter. State Street Corp now owns 16,304,827 shares of the company’s stock valued at $363,924,000 after buying an additional 66,329 shares during the period. Geode Capital Management LLC increased its position in shares of Norwegian Cruise Line by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 12,205,008 shares of the company’s stock valued at $271,951,000 after buying an additional 262,086 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Norwegian Cruise Line by 16.5% during the 4th quarter. Invesco Ltd. now owns 10,377,997 shares of the company’s stock worth $231,637,000 after buying an additional 1,468,075 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.
About Norwegian Cruise Line
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.
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