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Baillie Gifford & Co. Decreases Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Norwegian Cruise Line logo with Consumer Discretionary background

Key Points

  • Baillie Gifford & Co. reduced its stake in Norwegian Cruise Line Holdings Ltd. by 7.8%, resulting in ownership of approximately 7.37 million shares valued at $139.79 million.
  • Other institutional investors have made significant adjustments to their holdings, with Capital International Investors increasing its stake by 11.2% and Voloridge Investment Management boosting its holdings by 3,403.3%.
  • NCLH's earnings report showed a net margin of 9.05% with a revenue decline of 2.9% year-over-year, highlighting ongoing challenges despite a market cap of $10.65 billion.
  • Five stocks we like better than Norwegian Cruise Line.

Baillie Gifford & Co. cut its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 7.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,372,932 shares of the company's stock after selling 626,896 shares during the quarter. Baillie Gifford & Co. owned 1.66% of Norwegian Cruise Line worth $139,791,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in shares of Norwegian Cruise Line by 14.9% during the first quarter. Pacer Advisors Inc. now owns 62,301 shares of the company's stock worth $1,181,000 after purchasing an additional 8,102 shares during the period. Cetera Investment Advisers grew its holdings in Norwegian Cruise Line by 110.3% during the first quarter. Cetera Investment Advisers now owns 205,879 shares of the company's stock worth $3,903,000 after buying an additional 107,989 shares in the last quarter. Machina Capital S.A.S. bought a new position in Norwegian Cruise Line in the 1st quarter valued at $440,000. Mount Lucas Management LP grew its stake in Norwegian Cruise Line by 104.0% in the 1st quarter. Mount Lucas Management LP now owns 37,137 shares of the company's stock valued at $704,000 after purchasing an additional 18,937 shares during the period. Finally, Legato Capital Management LLC purchased a new stake in Norwegian Cruise Line during the 1st quarter worth about $638,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Performance

Shares of NCLH traded up $0.20 during trading hours on Wednesday, hitting $23.61. The stock had a trading volume of 5,337,132 shares, compared to its average volume of 13,968,416. The company has a debt-to-equity ratio of 9.09, a current ratio of 0.19 and a quick ratio of 0.16. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.21 and a 12 month high of $29.29. The firm has a market capitalization of $10.55 billion, a PE ratio of 13.65, a PEG ratio of 1.00 and a beta of 2.13. The stock has a fifty day moving average price of $20.34 and a 200 day moving average price of $20.97.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NCLH. Citigroup increased their price objective on Norwegian Cruise Line from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Argus reaffirmed a "hold" rating on shares of Norwegian Cruise Line in a report on Wednesday, June 18th. Bank of America raised their price target on Norwegian Cruise Line from $20.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Stifel Nicolaus reduced their price objective on 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. Finally, Morgan Stanley reduced their price objective on Norwegian Cruise Line from $21.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $25.75.

Read Our Latest Analysis on NCLH

About Norwegian Cruise Line

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Norwegian Cruise Line (NYSE:NCLH)

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