Synovus Financial Corp Purchases 6,072 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Synovus Financial Corp lifted its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 7.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,208 shares of the company’s stock after purchasing an additional 6,072 shares during the period. Synovus Financial Corp’s holdings in Norwegian Cruise Line were worth $1,809,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Avior Wealth Management LLC grew its holdings in Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after buying an additional 429 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Norwegian Cruise Line by 2.1% in the third quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock worth $509,000 after acquiring an additional 500 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Norwegian Cruise Line by 1.1% in the third quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock worth $944,000 after acquiring an additional 509 shares during the last quarter. Mount Lucas Management LP increased its position in Norwegian Cruise Line by 2.4% during the third quarter. Mount Lucas Management LP now owns 22,055 shares of the company’s stock worth $452,000 after acquiring an additional 516 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Norwegian Cruise Line by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock valued at $918,000 after purchasing an additional 521 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Trading Down 0.0 %

Shares of Norwegian Cruise Line stock opened at $26.80 on Monday. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.69 and a 12-month high of $28.64. The stock has a market capitalization of $11.78 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 0.31 and a beta of 2.65. The company has a 50-day simple moving average of $25.56 and a 200 day simple moving average of $20.72. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH) last posted its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (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 analysts’ expectations of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. Norwegian Cruise Line’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. Research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Andrea Demarco sold 29,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total transaction of $805,040.00. Following the transaction, the insider now directly owns 97,304 shares in the company, valued at approximately $2,701,159.04. This represents a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark Kempa sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total transaction of $417,900.00. Following 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 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NCLH has been the topic of several research analyst reports. UBS Group raised their price target on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $20.00 to $30.00 in a research report on Wednesday, October 9th. Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $28.00 to $32.00 in a report on Friday. Mizuho lifted their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Tigress Financial boosted their price objective on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.93.

Norwegian Cruise Line Company Profile

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.