Castellan Group Has $9.72 Million Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Key Points

• Castellan Group increased its stake in Norwegian Cruise Line Holdings Ltd. by 61.9% during the first quarter, now holding 512,385 shares valued at approximately $9.7 million.
• Several institutional investors have made significant moves in NCLH, with Voloridge Investment Management increasing its position by over 3,403% during the fourth quarter.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Norwegian Cruise Line, with a consensus price target set at $25.75.

Castellan Group boosted its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 61.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 512,385 shares of the company's stock after acquiring an additional 195,974 shares during the period. Norwegian Cruise Line makes up approximately 2.7% of Castellan Group's holdings, making the stock its 16th largest holding. Castellan Group owned approximately 0.12% of Norwegian Cruise Line worth $9,715,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raiffeisen Bank International AG bought a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at approximately $40,000. LRI Investments LLC bought a new stake in Norwegian Cruise Line during the 4th quarter worth approximately $47,000. Versant Capital Management Inc increased its holdings 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 in the last quarter. Bogart Wealth LLC raised its position in Norwegian Cruise Line by 1,012.0% in the 1st quarter. Bogart Wealth LLC now owns 2,224 shares of the company's stock valued at $42,000 after purchasing an additional 2,024 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in Norwegian Cruise Line by 35.0% in the 4th quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company's stock valued at $65,000 after purchasing an additional 654 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NCLH has been the topic of a number of research analyst reports. Northcoast Research initiated coverage on shares of Norwegian Cruise Line in a report on Friday, April 25th. They set a "buy" rating and a $21.00 price objective on the stock. Susquehanna increased their price target on shares of Norwegian Cruise Line from $18.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday. Citigroup boosted their price objective on shares of Norwegian Cruise Line from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Loop Capital reduced their price objective on Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Mizuho lifted their target price on Norwegian Cruise Line from $26.00 to $29.00 and gave the company an "outperform" rating in a research note on Friday. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.90.

Norwegian Cruise Line Stock Down 4.2%

Shares of NYSE:NCLH traded down $1.08 during midday trading on Friday, reaching $24.48. 20,430,894 shares of the company were exchanged, compared to its average volume of 14,430,786. The firm has a market cap of $10.94 billion, a PE ratio of 16.88, a P/E/G ratio of 1.02 and a beta of 2.24. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.21 and a fifty-two week high of $29.29. The stock has a fifty day simple moving average of $20.77 and a two-hundred day simple moving average of $20.94. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 8.05.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.55 billion. Norwegian Cruise Line had a return on equity of 59.88% and a net margin of 7.52%. The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 earnings per share. As a group, sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share 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.