Deltec Asset Management LLC Buys Shares of 68,300 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Deltec Asset Management LLC bought a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 68,300 shares of the company's stock, valued at approximately $1,295,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hopwood Financial Services Inc. bought a new stake in Norwegian Cruise Line in the 4th quarter valued at about $26,000. Kestra Investment Management LLC bought a new stake in Norwegian Cruise Line in the 4th quarter valued at about $27,000. Rakuten Securities Inc. increased its holdings in Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock worth $30,000 after purchasing an additional 739 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in Norwegian Cruise Line by 238.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,249 shares of the company's stock worth $32,000 after purchasing an additional 880 shares in the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in Norwegian Cruise Line during the 4th quarter worth approximately $40,000. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock traded up $0.50 during trading on Friday, hitting $18.89. The stock had a trading volume of 14,728,938 shares, compared to its average volume of 12,677,869. 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 quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 9.09. The stock's 50 day moving average is $17.84 and its two-hundred day moving average is $21.74. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 0.32 and a beta of 2.12.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). Norwegian Cruise Line had a net margin of 9.05% and a return on equity of 66.78%. The firm had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.15 billion. During the same quarter in the previous year, the company posted $0.16 EPS. Norwegian Cruise Line's revenue for the quarter was down 2.9% on a year-over-year basis. As a group, analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Analysts Set New Price Targets

NCLH has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on Norwegian Cruise Line in a report on Monday, March 31st. They set a "buy" rating and a $25.00 price objective for the company. Northcoast Research initiated coverage on Norwegian Cruise Line in a report on Friday, April 25th. They set a "buy" rating and a $21.00 price objective for the company. Susquehanna decreased their price objective on Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Melius Research raised Norwegian Cruise Line to a "strong-buy" rating in a report on Monday, April 21st. Finally, Macquarie decreased their price objective on Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating for the company in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued 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 a consensus target price of $25.16.

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.