Atreides Management LP Purchases Shares of 1,623,483 Norwegian Cruise Line Holdings Ltd. $NCLH

Key Points

• Atreides Management LP has acquired a new position in Norwegian Cruise Line Holdings Ltd. worth approximately $30.78 million, purchasing 1,623,483 shares and making it the firm's 28th largest stake.
• Recent improvements in shareholdings have been observed among other institutional investors, with Brooklyn Investment Group increasing its position by 22% in the first quarter.
• The company's recent earnings report showed an EPS of $0.51, slightly below estimates, with a year-over-year revenue increase of 6.1%.

Atreides Management LP purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,623,483 shares of the company's stock, valued at approximately $30,781,000. Norwegian Cruise Line makes up 0.9% of Atreides Management LP's investment portfolio, making the stock its 28th biggest holding. Atreides Management LP owned about 0.36% of Norwegian Cruise Line at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its holdings in Norwegian Cruise Line by 1.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 319,465 shares of the company's stock valued at $8,220,000 after purchasing an additional 3,008 shares during the period. Lido Advisors LLC bought a new stake in shares of Norwegian Cruise Line in the 4th quarter worth approximately $269,000. AQR Capital Management LLC boosted its position in shares of Norwegian Cruise Line by 10.5% in the 4th quarter. AQR Capital Management LLC now owns 218,631 shares of the company's stock worth $5,625,000 after purchasing an additional 20,745 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Norwegian Cruise Line by 8.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 29,758 shares of the company's stock worth $766,000 after purchasing an additional 2,426 shares in the last quarter. Finally, Algert Global LLC boosted its position in shares of Norwegian Cruise Line by 52.8% in the 4th quarter. Algert Global LLC now owns 238,146 shares of the company's stock worth $6,127,000 after purchasing an additional 82,305 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Up 0.3%

NCLH traded up $0.07 on Friday, hitting $25.66. The company had a trading volume of 14,670,848 shares, compared to its average volume of 12,377,749. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 8.05. The company has a market cap of $11.59 billion, a PE ratio of 17.69, a PEG ratio of 1.16 and a beta of 2.19. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29. The business's fifty day simple moving average is $23.80 and its 200 day simple moving average is $20.51.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.51 earnings per share (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 firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the business earned $0.40 EPS. The firm's revenue for the quarter 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 research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Stifel Nicolaus upped their price objective on Norwegian Cruise Line from $26.00 to $35.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Citigroup upped their price objective on Norwegian Cruise Line from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Susquehanna upped their price objective on Norwegian Cruise Line from $18.00 to $25.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Tigress Financial boosted their target price on shares of Norwegian Cruise Line from $36.00 to $38.00 and gave the company a "strong-buy" rating in a research note on Wednesday, August 27th. Finally, UBS Group upped their price objective on Norwegian Cruise Line from $23.00 to $27.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $27.50.

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.