Alteri Wealth LLC Makes New $487,000 Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Alteri Wealth LLC acquired a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,941 shares of the company's stock, valued at approximately $487,000.

A number of other hedge funds have also made changes to their positions in the business. United Capital Financial Advisors LLC raised its holdings in Norwegian Cruise Line by 3.7% during the 4th quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company's stock worth $358,000 after purchasing an additional 498 shares during the last quarter. Scotia Capital Inc. raised its stake in Norwegian Cruise Line by 0.5% during the fourth quarter. Scotia Capital Inc. now owns 113,778 shares of the company's stock worth $2,928,000 after buying an additional 540 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Norwegian Cruise Line by 35.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company's stock valued at $65,000 after buying an additional 654 shares during the period. Rakuten Securities Inc. grew its stake in Norwegian Cruise Line by 176.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock worth $30,000 after purchasing an additional 739 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Norwegian Cruise Line by 29.3% in the 4th quarter. Farther Finance Advisors LLC now owns 3,327 shares of the company's stock valued at $86,000 after acquiring an additional 754 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock traded down $0.10 during trading on Tuesday, hitting $17.27. 10,616,529 shares of the company's stock traded hands, compared to its average volume of 12,728,301. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.21 and a 1 year high of $29.29. The business has a 50-day simple moving average of $18.24 and a 200-day simple moving average of $23.49. 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 $7.66 billion, a P/E ratio of 15.85, a PEG ratio of 0.24 and a beta of 2.09.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Loop Capital decreased their price objective on shares of Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Susquehanna cut their price objective on shares of Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Barclays lowered their target price on shares of Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Citigroup lifted their price target on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Norwegian Cruise Line has a consensus rating of "Moderate Buy" and an average target price of $26.26.

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.