Transform Wealth LLC Buys Shares of 317,943 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Transform Wealth LLC bought a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 317,943 shares of the company's stock, valued at approximately $6,028,000. Transform Wealth LLC owned about 0.07% of Norwegian Cruise Line at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital International Investors grew 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 worth $1,420,159,000 after purchasing an additional 5,557,951 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Norwegian Cruise Line by 0.5% during 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 during the period. Geode Capital Management LLC grew its position in shares of Norwegian Cruise Line by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company's stock valued at $277,399,000 after acquiring an additional 270,434 shares during the period. Two Sigma Advisers LP grew its position in shares of Norwegian Cruise Line by 99.0% during the 4th quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock valued at $197,843,000 after acquiring an additional 3,824,600 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Norwegian Cruise Line by 113.1% during the 4th quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company's stock valued at $143,502,000 after acquiring an additional 2,959,631 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Morgan Stanley reduced their target price on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Loop Capital reduced their target price on shares of Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Macquarie dropped their price target 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. Truist Financial dropped their price target on shares of Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Finally, Jefferies Financial Group started coverage on shares of Norwegian Cruise Line in a research note on Monday, March 31st. They set a "buy" rating and a $25.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.16.

Norwegian Cruise Line Price Performance

Shares of Norwegian Cruise Line stock traded down $0.96 on Friday, hitting $17.76. 17,254,660 shares of the company traded hands, compared to its average volume of 12,659,901. The firm's 50-day simple moving average is $17.70 and its 200 day simple moving average is $22.05. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The company has a market cap of $7.93 billion, a P/E ratio of 16.29, a P/E/G ratio of 0.24 and a beta of 2.12. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29.

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 net margin of 5.87% and a return on equity of 99.31%. The company had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.15 billion. During the same quarter last year, the business posted $0.16 EPS. The business's quarterly revenue was down 2.9% compared to the same quarter last year. Analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share 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.