59 North Capital Management LP Takes Position in Norwegian Cruise Line Holdings Ltd. $NCLH

Key Points

• 59 North Capital Management LP made a significant investment of approximately $69.88 million in Norwegian Cruise Line Holdings Ltd., acquiring 3,685,505 shares, which represents about 2.5% of its portfolio.
• Several institutional investors, including Two Sigma Advisers LP and Voloridge Investment Management LLC, have also increased their stakes in Norwegian Cruise Line, indicating growing confidence in the company.
• Analyst ratings for Norwegian Cruise Line vary, with target prices ranging from $24 to $31 and an overall average rating of "Moderate Buy," suggesting mixed but generally positive sentiment among analysts.

59 North Capital Management LP acquired a new stake 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 Securities & Exchange Commission. The fund acquired 3,685,505 shares of the company's stock, valued at approximately $69,877,000. Norwegian Cruise Line accounts for approximately 2.5% of 59 North Capital Management LP's portfolio, making the stock its 12th biggest holding. 59 North Capital Management LP owned approximately 0.82% of Norwegian Cruise Line at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Norwegian Cruise Line by 1.2% in the first quarter. Vanguard Group Inc. now owns 53,960,561 shares of the company's stock valued at $1,023,092,000 after acquiring an additional 653,279 shares during the period. Invesco Ltd. increased its position in shares of Norwegian Cruise Line by 22.7% in the first quarter. Invesco Ltd. now owns 11,477,606 shares of the company's stock valued at $217,615,000 after acquiring an additional 2,122,501 shares during the period. Two Sigma Advisers LP increased its position in shares of 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 valued at $197,843,000 after buying an additional 3,824,600 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of Norwegian Cruise Line by 16.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,491,644 shares of the company's stock valued at $115,570,000 after buying an additional 642,380 shares during the period. Finally, Northern Trust Corp increased its position in shares of Norwegian Cruise Line by 2.6% during the first quarter. Northern Trust Corp now owns 4,272,790 shares of the company's stock valued at $81,012,000 after buying an additional 109,396 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Stock Up 0.3%

NYSE:NCLH traded up $0.07 during mid-day trading on Friday, hitting $25.66. 14,670,848 shares of the company's stock were exchanged, compared to its average volume of 12,377,749. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.21 and a one 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 business has a fifty day moving average price of $23.80 and a 200 day moving average price of $20.56. The company has a market cap of $11.59 billion, a PE ratio of 17.69, a P/E/G ratio of 1.16 and a beta of 2.19.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). Norwegian Cruise Line had a return on equity of 59.88% and a net margin of 7.52%.The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the firm earned $0.40 EPS. The company's revenue was up 6.1% on a year-over-year basis. Norwegian Cruise Line has set its Q3 2025 guidance at 1.140-1.140 EPS. FY 2025 guidance at 2.050-2.050 EPS. Equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NCLH shares. Truist Financial reduced 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 report on Monday, May 19th. Tigress Financial boosted their price target on shares of Norwegian Cruise Line from $36.00 to $38.00 and gave the company a "strong-buy" rating in a research report on Wednesday, August 27th. Macquarie reduced 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 report on Friday, May 9th. TD Cowen started coverage on shares of Norwegian Cruise Line in a research report on Tuesday, July 22nd. They set a "buy" rating and a $31.00 price target on the stock. Finally, Stifel Nicolaus boosted their price target on shares of Norwegian Cruise Line from $26.00 to $35.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $27.50.

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.