86,745 Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC bought a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 86,745 shares of the company's stock, valued at approximately $1,645,000.

A number of other large investors also recently added to or reduced their stakes in the business. M.E. Allison & CO. Inc. lifted its position in Norwegian Cruise Line by 1.1% during the 1st quarter. M.E. Allison & CO. Inc. now owns 80,680 shares of the company's stock valued at $1,530,000 after purchasing an additional 910 shares during the period. Hanson & Doremus Investment Management lifted its position in Norwegian Cruise Line by 17.1% during the 1st quarter. Hanson & Doremus Investment Management now owns 94,432 shares of the company's stock valued at $1,790,000 after purchasing an additional 13,805 shares during the period. Exchange Traded Concepts LLC lifted its position in Norwegian Cruise Line by 45.1% during the 1st quarter. Exchange Traded Concepts LLC now owns 5,529 shares of the company's stock valued at $105,000 after purchasing an additional 1,718 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Norwegian Cruise Line by 15.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 29,210 shares of the company's stock valued at $554,000 after purchasing an additional 3,945 shares during the period. Finally, Fifth Third Bancorp lifted its position in Norwegian Cruise Line by 8.1% during the 1st quarter. Fifth Third Bancorp now owns 43,798 shares of the company's stock valued at $830,000 after purchasing an additional 3,264 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. The Goldman Sachs Group cut their price target 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. Wall Street Zen downgraded shares of Norwegian Cruise Line from a "hold" rating to a "sell" rating in a research report on Saturday, May 3rd. Northcoast Research assumed coverage on shares of Norwegian Cruise Line in a research report on Friday, April 25th. They issued a "buy" rating and a $21.00 price target on the stock. Loop Capital cut their price target on shares of Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Macquarie cut 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Norwegian Cruise Line currently has an average rating of "Moderate Buy" and an average target price of $25.16.

Norwegian Cruise Line Price Performance

NYSE NCLH opened at $19.47 on Friday. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 0.33 and a beta of 2.12. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29. The business has a 50 day simple moving average of $18.07 and a 200 day simple moving average of $21.56. The company has a debt-to-equity ratio of 9.09, a quick ratio of 0.16 and a current ratio of 0.19.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its quarterly 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 the consensus estimate of $2.15 billion. Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. Norwegian Cruise Line's revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. Analysts anticipate 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.

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