Commonwealth Equity Services LLC Acquires 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 holdings 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 SEC. The institutional investor owned 1,050,860 shares of the company's stock after buying an additional 227,872 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.24% of Norwegian Cruise Line worth $19,924,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Versant Capital Management Inc raised its position in shares of Norwegian Cruise Line by 147.7% during 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 during the last quarter. Raiffeisen Bank International AG bought a new position in Norwegian Cruise Line during the fourth quarter worth about $40,000. Bogart Wealth LLC increased its stake in Norwegian Cruise Line by 1,012.0% in the first 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 in the last quarter. LRI Investments LLC acquired a new stake in Norwegian Cruise Line during the 4th quarter worth $47,000. Finally, CENTRAL TRUST Co increased its holdings in shares of Norwegian Cruise Line by 2,621.0% in the first quarter. CENTRAL TRUST Co now owns 2,721 shares of the company's stock worth $52,000 after acquiring an additional 2,621 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock traded down $0.48 during midday trading on Friday, hitting $23.99. The company's stock had a trading volume of 12,277,165 shares, compared to its average volume of 15,176,232. The company has a 50-day moving average price of $21.48 and a two-hundred day moving average price of $20.86. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.21 and a 1-year high of $29.29. The company has a market cap of $10.84 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.09 and a beta of 2.24. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.18 and a quick ratio of 0.16.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The company had revenue of $2.52 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. As a group, sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on NCLH. UBS Group dropped their target price on shares of Norwegian Cruise Line from $29.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday, June 30th. Susquehanna increased their price objective on Norwegian Cruise Line from $18.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Northcoast Research initiated coverage on shares of Norwegian Cruise Line in a research note on Friday, April 25th. They set a "buy" rating and a $21.00 price target for the company. 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 report on Wednesday, July 16th. Finally, Truist Financial decreased their price objective on Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating for the company in a report on Monday, May 19th. Nine 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 MarketBeat.com, Norwegian Cruise Line has a consensus rating of "Moderate Buy" and an average target price of $27.20.

Norwegian Cruise Line 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.