Artemis Investment Management LLP Grows Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Artemis Investment Management LLP boosted its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 35.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,105 shares of the company's stock after buying an additional 32,533 shares during the quarter. Artemis Investment Management LLP's holdings in Norwegian Cruise Line were worth $2,353,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hopwood Financial Services Inc. acquired a new stake in Norwegian Cruise Line in the fourth quarter valued at $26,000. Rakuten Securities Inc. raised its position in shares of 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. Raiffeisen Bank International AG acquired a new position in shares of Norwegian Cruise Line in the fourth quarter worth approximately $40,000. LRI Investments LLC bought a new stake in Norwegian Cruise Line in the fourth quarter valued at approximately $47,000. Finally, Versant Capital Management Inc increased its position in Norwegian Cruise Line by 147.7% during the 1st quarter. Versant Capital Management Inc now owns 1,880 shares of the company's stock valued at $36,000 after purchasing an additional 1,121 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Up 0.6%

Shares of NCLH traded up $0.13 on Monday, reaching $20.31. The company's stock had a trading volume of 14,427,130 shares, compared to its average volume of 12,830,320. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.21 and a twelve month high of $29.29. The stock has a market capitalization of $9.07 billion, a PE ratio of 11.74, a PEG ratio of 0.35 and a beta of 2.12. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 9.09. The firm has a fifty day moving average of $18.14 and a 200-day moving average of $21.44.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.15 billion. Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. Equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus dropped their price target on shares of Norwegian Cruise Line from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Susquehanna dropped their target price on shares of Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 price target for the company in a report on Monday, March 17th. Macquarie lowered their price objective on Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Finally, BNP Paribas initiated coverage on Norwegian Cruise Line in a research report on Thursday, March 27th. They set a "neutral" rating and a $21.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.84.

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.