Algert Global LLC Grows Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Algert Global LLC grew its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 52.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 238,146 shares of the company's stock after purchasing an additional 82,305 shares during the quarter. Algert Global LLC owned approximately 0.05% of Norwegian Cruise Line worth $6,127,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Tidal Investments LLC grew its stake in Norwegian Cruise Line by 7.1% in the 3rd quarter. Tidal Investments LLC now owns 28,425 shares of the company's stock worth $583,000 after acquiring an additional 1,890 shares in the last quarter. Retirement Systems of Alabama grew its stake in Norwegian Cruise Line by 0.9% in the third quarter. Retirement Systems of Alabama now owns 95,480 shares of the company's stock worth $1,958,000 after purchasing an additional 841 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Norwegian Cruise Line by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 514,087 shares of the company's stock worth $10,544,000 after purchasing an additional 30,182 shares during the period. GAMMA Investing LLC raised its position in Norwegian Cruise Line by 17.0% during the 4th quarter. GAMMA Investing LLC now owns 14,268 shares of the company's stock valued at $367,000 after purchasing an additional 2,075 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in Norwegian Cruise Line during the 4th quarter valued at $345,000. 69.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on NCLH. Melius Research upgraded Norwegian Cruise Line to a "strong-buy" rating in a research note on Monday, April 21st. Bank of America dropped their price objective on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Tigress Financial reissued a "strong-buy" rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Susquehanna dropped their target price on Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Jefferies Financial Group started coverage on Norwegian Cruise Line in a research report on Monday, March 31st. They issued a "buy" rating and a $25.00 price target for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.32.

Norwegian Cruise Line Trading Up 6.6 %

NCLH stock opened at $17.33 on Monday. 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 Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29. The company's 50-day simple moving average is $18.52 and its 200-day simple moving average is $23.58. The firm has a market cap of $7.62 billion, a P/E ratio of 15.90, a PEG ratio of 0.24 and a beta of 2.27.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 earnings per share. As a group, equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

Norwegian Cruise Line 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.

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