Norwegian Cruise Line Holdings Ltd. $NCLH Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Norwegian Cruise Line Holdings Ltd. by 0.9%, acquiring an additional 33,549 shares in the 1st quarter, bringing their total ownership to approximately 3.58 million shares valued at $67.9 million.
• Analysts have mixed views on NCLH, with Melius Research upgrading it to a "strong-buy" rating while others like UBS Group lowered their price target from $29.00 to $23.00, resulting in a consensus rating of "Moderate Buy" and an average price target of $27.20.
• Despite a slight decline in share price to $24.28, Norwegian Cruise Line reported a net margin of 7.52% and a year-over-year revenue increase of 6.1%, although it missed earnings estimates with $0.51 EPS against the $0.52 consensus.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 0.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,581,365 shares of the company's stock after purchasing an additional 33,549 shares during the period. Charles Schwab Investment Management Inc. owned about 0.81% of Norwegian Cruise Line worth $67,903,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. New Age Alpha Advisors LLC bought a new position in Norwegian Cruise Line in the first quarter worth $33,000. Versant Capital Management Inc boosted its holdings in Norwegian Cruise Line by 147.7% in the first quarter. Versant Capital Management Inc now owns 1,880 shares of the company's stock worth $36,000 after acquiring an additional 1,121 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $40,000. Bogart Wealth LLC increased its holdings in shares of Norwegian Cruise Line by 1,012.0% during the first quarter. Bogart Wealth LLC now owns 2,224 shares of the company's stock valued at $42,000 after acquiring an additional 2,024 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in Norwegian Cruise Line during the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Trading Up 1.6%

Shares of NYSE NCLH traded up $0.40 during trading hours on Monday, reaching $24.70. The stock had a trading volume of 8,297,406 shares, compared to its average volume of 14,121,462. The business's fifty day moving average price is $22.04 and its two-hundred day moving average price is $20.71. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 1.11 and a beta of 2.24. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 8.05.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released 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). Norwegian Cruise Line had a net margin of 7.52% and a return on equity of 59.88%. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The business's revenue was up 6.1% compared to the same quarter last year. Analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on NCLH. Macquarie dropped their target price on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Bank of America raised their price target on Norwegian Cruise Line from $20.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group increased their target price on Norwegian Cruise Line from $24.00 to $29.00 and gave the company a "buy" rating in a report on Monday, July 7th. Argus reissued a "hold" rating on shares of Norwegian Cruise Line in a report 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 objective for the company. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $27.20.

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.