Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 124.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 618,914 shares of the company's stock after buying an additional 343,493 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.14% of Norwegian Cruise Line worth $15,925,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Apollon Wealth Management LLC purchased a new stake in Norwegian Cruise Line in the 4th quarter worth approximately $272,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $654,000. Jupiter Asset Management Ltd. boosted its holdings in shares of Norwegian Cruise Line by 365.5% during the fourth quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company's stock worth $55,800,000 after purchasing an additional 1,702,748 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Norwegian Cruise Line by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company's stock valued at $91,285,000 after purchasing an additional 47,507 shares during the period. Finally, Park Avenue Securities LLC acquired a new position in Norwegian Cruise Line in the fourth quarter valued at $416,000. Institutional investors and hedge funds own 69.58% of the company's stock.

Norwegian Cruise Line Stock Down 0.7%

NYSE NCLH traded down $0.13 during trading hours on Thursday, hitting $17.10. The company had a trading volume of 3,234,691 shares, compared to its average volume of 12,559,170. The firm's 50 day moving average is $17.88 and its 200 day moving average is $23.08. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.21 and a fifty-two week high of $29.29. The company has a market capitalization of $7.64 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 0.24 and a beta of 2.09.

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NCLH shares. Jefferies Financial Group began coverage on Norwegian Cruise Line in a research note on Monday, March 31st. They issued a "buy" rating and a $25.00 price target on the stock. Barclays cut their price objective 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. Susquehanna lowered their target price 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. Melius Research raised shares of Norwegian Cruise Line to a "strong-buy" rating in a research report on Monday, April 21st. Finally, Northcoast Research began coverage on shares of Norwegian Cruise Line in a report on Friday, April 25th. They issued a "buy" rating and a $21.00 price target on the stock. One equities 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.63.

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.