Credit Capital Investments LLC Makes New Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Key Points

• Credit Capital Investments LLC has acquired 14,000 shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH), worth approximately $265,000, making it the firm's 23rd largest holding.
• Multiple large institutional investors have recently adjusted their stakes in NCLH, with 69.58% of the stock currently owned by hedge funds and institutional investors.
• Analysts maintain a consensus rating of "Moderate Buy" for NCLH, with a current average price target of $26.90 despite mixed performance in recent earnings reports.

Credit Capital Investments LLC purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 14,000 shares of the company's stock, valued at approximately $265,000. Norwegian Cruise Line comprises about 0.5% of Credit Capital Investments LLC's portfolio, making the stock its 23rd largest position.

Other institutional investors also recently bought and sold shares of the company. Capital International Investors boosted its position in Norwegian Cruise Line by 11.2% in the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company's stock valued at $1,420,159,000 after buying an additional 5,557,951 shares during the last quarter. Two Sigma Advisers LP raised its stake in Norwegian Cruise Line by 99.0% during the fourth quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock worth $197,843,000 after acquiring an additional 3,824,600 shares during the period. Voloridge Investment Management LLC increased its stake in shares of Norwegian Cruise Line by 3,403.3% in the fourth quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company's stock valued at $86,828,000 after purchasing an additional 3,278,249 shares during the period. Renaissance Technologies LLC increased its stake in shares of Norwegian Cruise Line by 113.1% in the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company's stock valued at $143,502,000 after purchasing an additional 2,959,631 shares during the period. Finally, Candlestick Capital Management LP acquired a new position in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $44,650,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on NCLH shares. Truist Financial reduced their target price on shares of Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating for the company in a report on Monday, May 19th. Northcoast Research started coverage on shares of Norwegian Cruise Line in a research note on Friday, April 25th. They issued a "buy" rating and a $21.00 target price on the stock. Macquarie decreased their price objective on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Melius Research upgraded shares of Norwegian Cruise Line to a "strong-buy" rating in a research report on Monday, April 21st. Finally, Citigroup increased their price objective on shares of Norwegian Cruise Line from $25.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Nine 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 stock. Based on data from MarketBeat.com, Norwegian Cruise Line has an average rating of "Moderate Buy" and a consensus target price of $27.20.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock traded down $0.32 during midday trading on Tuesday, hitting $25.02. The company's stock had a trading volume of 11,231,897 shares, compared to its average volume of 15,608,706. 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 debt-to-equity ratio of 8.05, a current ratio of 0.18 and a quick ratio of 0.16. The company has a 50-day moving average price of $21.07 and a two-hundred day moving average price of $20.91. The company has a market cap of $11.18 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 1.18 and a beta of 2.24.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. Norwegian Cruise Line had a net margin of 7.52% and a return on equity of 59.88%. Norwegian Cruise Line's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 earnings per share. As a group, sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

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.