Transform Wealth LLC Buys New Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Transform Wealth LLC acquired a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 317,943 shares of the company's stock, valued at approximately $6,028,000. Transform Wealth LLC owned approximately 0.07% of Norwegian Cruise Line at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. United Capital Financial Advisors LLC grew its holdings in shares of Norwegian Cruise Line by 3.7% in the fourth quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company's stock valued at $358,000 after purchasing an additional 498 shares during the period. Scotia Capital Inc. grew its position in Norwegian Cruise Line by 0.5% in the fourth quarter. Scotia Capital Inc. now owns 113,778 shares of the company's stock worth $2,928,000 after acquiring an additional 540 shares during the period. Quadrant Capital Group LLC grew its position 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 worth $65,000 after acquiring an additional 654 shares during the period. Rakuten Securities Inc. increased 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 acquiring an additional 739 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Norwegian Cruise Line by 29.3% in the fourth quarter. Farther Finance Advisors LLC now owns 3,327 shares of the company's stock valued at $86,000 after purchasing an additional 754 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.

Analysts Set New Price Targets

NCLH has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased their target price on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Northcoast Research began coverage on shares of Norwegian Cruise Line in a research note on Friday, April 25th. They issued a "buy" rating and a $21.00 price target on the stock. Citigroup increased their price objective on shares of Norwegian Cruise Line from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Jefferies Financial Group began coverage on shares of Norwegian Cruise Line in a report on Monday, March 31st. They issued a "buy" rating and a $25.00 target price for the company. Finally, BNP Paribas assumed coverage on Norwegian Cruise Line in a research note on Thursday, March 27th. They set a "neutral" rating and a $21.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $25.16.

Norwegian Cruise Line Stock Down 1.9%

NYSE NCLH traded down $0.36 during trading on Thursday, reaching $18.72. 5,785,635 shares of the company's stock were exchanged, compared to its average volume of 12,642,393. The company has a 50 day moving average price of $17.59 and a two-hundred day moving average price of $22.21. The stock has a market cap of $8.36 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 0.24 and a beta of 2.12. 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 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

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). The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.15 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. Norwegian Cruise Line's revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.16 EPS. On average, equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal 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.