Aquatic Capital Management LLC bought a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 86,459 shares of the company's stock, valued at approximately $2,225,000.
Several other large investors have also recently bought and sold shares of the business. Capital International Investors lifted its stake in Norwegian Cruise Line by 11.2% in the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company's stock valued at $1,420,159,000 after acquiring an additional 5,557,951 shares during the last quarter. Vanguard Group Inc. raised its holdings in Norwegian Cruise Line by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company's stock valued at $1,371,596,000 after acquiring an additional 277,360 shares in the last quarter. Geode Capital Management LLC increased its holdings in Norwegian Cruise Line by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company's stock valued at $277,399,000 after buying an additional 270,434 shares during the period. Renaissance Technologies LLC lifted its stake in Norwegian Cruise Line by 113.1% during the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company's stock worth $143,502,000 after purchasing an additional 2,959,631 shares during the period. Finally, Norges Bank bought a new position in shares of Norwegian Cruise Line during the fourth quarter valued at $113,156,000. 69.58% of the stock is owned by institutional investors and hedge funds.
Norwegian Cruise Line Stock Performance
Norwegian Cruise Line stock traded up $0.21 during midday trading on Thursday, hitting $16.24. The company's stock had a trading volume of 19,838,220 shares, compared to its average volume of 12,757,950. 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 company has a market cap of $7.14 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 0.24 and a beta of 2.27. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.21 and a 1-year high of $29.29. The company has a 50-day moving average price of $18.84 and a two-hundred day moving average price of $23.68.
Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the company earned $0.16 EPS. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms recently weighed in on NCLH. Northcoast Research initiated coverage on Norwegian Cruise Line in a research report on Friday, April 25th. They issued a "buy" rating and a $21.00 price objective for the company. Barclays decreased their price objective on Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Citigroup boosted their price target on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a report on Friday, February 28th. JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 price target for the company in a report on Monday, March 17th. Finally, Susquehanna decreased their price objective on Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $26.32.
Check Out Our Latest Stock Analysis on Norwegian Cruise Line
About Norwegian Cruise Line
(
Free Report)
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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