Commonwealth Equity Services LLC Buys 227,872 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Key Points

• Commonwealth Equity Services LLC increased its stake in Norwegian Cruise Line Holdings by 27.7%, acquiring an additional 227,872 shares in the first quarter, bringing its total ownership to 1,050,860 shares valued at nearly $20 million.
• Norwegian Cruise Line reported earnings of $0.51 EPS for the last quarter, missing the consensus estimate of $0.52, with a revenue of $2.52 billion.
• According to analysts, Norwegian Cruise Line has a consensus rating of "Moderate Buy" and an average target price of $27.20.

Commonwealth Equity Services LLC grew its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 27.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,050,860 shares of the company's stock after acquiring an additional 227,872 shares during the period. Commonwealth Equity Services LLC owned 0.24% of Norwegian Cruise Line worth $19,924,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of NCLH. Granahan Investment Management LLC bought a new position in Norwegian Cruise Line in the 4th quarter worth approximately $7,634,000. Janney Montgomery Scott LLC bought a new stake in shares of Norwegian Cruise Line during the first quarter worth $1,645,000. New Wave Wealth Advisors LLC lifted its stake in shares of Norwegian Cruise Line by 5,467.9% during the first quarter. New Wave Wealth Advisors LLC now owns 18,374 shares of the company's stock valued at $348,000 after acquiring an additional 18,044 shares during the period. Deutsche Bank AG boosted its holdings in Norwegian Cruise Line by 41.4% in the fourth quarter. Deutsche Bank AG now owns 1,881,398 shares of the company's stock valued at $48,408,000 after acquiring an additional 551,251 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in Norwegian Cruise Line by 4.7% in the fourth quarter. Alliancebernstein L.P. now owns 501,564 shares of the company's stock worth $12,905,000 after purchasing an additional 22,734 shares during the period. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock opened at $24.80 on Thursday. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.18 and a quick ratio of 0.16. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.16 and a beta of 2.24. The stock's 50-day moving average is $21.21 and its 200-day moving average is $20.94. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.21 and a one year high of $29.29.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its 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). 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 company's revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. Equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on NCLH. Citigroup raised their target price on shares of Norwegian Cruise Line from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Macquarie lowered 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 report on Friday, May 9th. UBS Group cut 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. Mizuho lifted their price objective on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Finally, Melius Research upgraded Norwegian Cruise Line to a "strong-buy" rating in a report on Monday, April 21st. 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's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.

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