Cetera Investment Advisers Buys 107,989 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Cetera Investment Advisers boosted its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 110.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 205,879 shares of the company's stock after buying an additional 107,989 shares during the quarter. Cetera Investment Advisers' holdings in Norwegian Cruise Line were worth $3,903,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Capital International Investors grew its position in shares of Norwegian Cruise Line by 11.2% during the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company's stock worth $1,420,159,000 after acquiring an additional 5,557,951 shares during the last quarter. Two Sigma Advisers LP grew its holdings in Norwegian Cruise Line by 99.0% in the 4th quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock worth $197,843,000 after buying an additional 3,824,600 shares in the last quarter. Voloridge Investment Management LLC raised its stake in Norwegian Cruise Line by 3,403.3% during the 4th quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company's stock valued at $86,828,000 after acquiring an additional 3,278,249 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Norwegian Cruise Line by 113.1% in the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company's stock worth $143,502,000 after purchasing an additional 2,959,631 shares in the last quarter. Finally, Candlestick Capital Management LP bought a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at about $44,650,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Citigroup upped their price target on shares of Norwegian Cruise Line from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Northcoast Research initiated coverage on Norwegian Cruise Line in a research report on Friday, April 25th. They set a "buy" rating and a $21.00 target price for the company. Macquarie cut their target price on shares of 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. Barclays increased their target price on shares of Norwegian Cruise Line from $25.00 to $31.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Loop Capital decreased 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. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $27.20.

Norwegian Cruise Line Stock Down 1.4%

NCLH traded down $0.34 on Thursday, hitting $24.48. 15,419,119 shares of the company were exchanged, compared to its average volume of 14,255,915. The stock's fifty day moving average is $21.21 and its 200-day moving average is $20.94. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.21 and a 12 month high of $29.29. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.16 and a current ratio of 0.18. The company has a market cap of $11.06 billion, a PE ratio of 16.88, a PEG ratio of 1.16 and a beta of 2.24.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. Norwegian Cruise Line had a net margin of 7.52% and a return on equity of 59.88%. The business's revenue was up 6.1% on a year-over-year basis. During the same period last year, the business earned $0.40 EPS. Equities research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

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.