78,800 Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Purchased by Bulltick Wealth Management LLC

Key Points

• Bulltick Wealth Management LLC has acquired 78,800 shares of Norwegian Cruise Line Holdings Ltd., valued at approximately $1,494,000 as per a recent SEC filing.
• Several hedge funds have increased their positions in Norwegian Cruise Line, with a total of 69.58% of the stock now owned by institutional investors.
• Analyst price targets for Norwegian Cruise Line range from $26.00 to $35.00, with a current consensus rating of "Moderate Buy" and a target price of $27.20.

Bulltick Wealth Management LLC purchased a new stake in shares of 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 firm purchased 78,800 shares of the company's stock, valued at approximately $1,494,000.

Several other institutional investors also recently bought and sold shares of NCLH. Capital International Investors grew its holdings in Norwegian Cruise Line by 11.2% in the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company's stock valued at $1,420,159,000 after purchasing an additional 5,557,951 shares during the period. Vanguard Group Inc. grew its holdings in 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 purchasing an additional 653,279 shares during the period. Invesco Ltd. grew its holdings in 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 purchasing an additional 2,122,501 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Norwegian Cruise Line by 99.0% in the fourth quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock worth $197,843,000 after acquiring an additional 3,824,600 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Norwegian Cruise Line by 16.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,491,644 shares of the company's stock worth $115,570,000 after acquiring an additional 642,380 shares during the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NCLH has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their price target on Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Truist Financial lowered their price target on Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. UBS Group lowered their price target on Norwegian Cruise Line from $29.00 to $23.00 and set a "neutral" rating on the stock in a research note on Monday, June 30th. Argus reaffirmed a "hold" rating on shares of Norwegian Cruise Line in a research note on Wednesday, June 18th. Finally, Northcoast Research initiated coverage on Norwegian Cruise Line in a research note on Friday, April 25th. They issued a "buy" rating and a $21.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.20.

Norwegian Cruise Line Trading Down 1.6%

Shares of Norwegian Cruise Line stock traded down $0.39 during trading hours on Thursday, hitting $24.38. The company's stock had a trading volume of 10,980,798 shares, compared to its average volume of 14,193,150. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.21 and a twelve month high of $29.29. The firm has a fifty day moving average of $21.84 and a 200-day moving average of $20.86. The stock has a market cap of $11.02 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 1.11 and a beta of 2.24. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.16 and a current ratio of 0.18.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings results 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 net margin of 7.52% and a return on equity of 59.88%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company earned $0.40 EPS. The business's revenue for the quarter was up 6.1% on a year-over-year basis. Research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

About Norwegian Cruise Line

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.