Deltec Asset Management LLC Boosts Position in Norwegian Cruise Line Holdings Ltd. $NCLH

Key Points

• Deltec Asset Management LLC significantly increased its stake in Norwegian Cruise Line Holdings Ltd. by 351.4% during the second quarter, now holding 308,300 shares worth approximately $6.25 million.
• Analysts have raised their target prices for Norwegian Cruise Line, with Citigroup setting a new target of $30.00 and Barclays at $31.00, reflecting positive sentiment in the market.
• The company reported $0.51 EPS in its latest earnings, slightly below the consensus estimate, while revenues showed a year-over-year increase of 6.1%.

Deltec Asset Management LLC increased its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 351.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 308,300 shares of the company's stock after buying an additional 240,000 shares during the quarter. Norwegian Cruise Line accounts for 1.1% of Deltec Asset Management LLC's portfolio, making the stock its 23rd largest position. Deltec Asset Management LLC owned about 0.07% of Norwegian Cruise Line worth $6,252,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. New Age Alpha Advisors LLC bought a new stake in Norwegian Cruise Line in the 1st quarter worth approximately $33,000. Versant Capital Management Inc lifted its position in Norwegian Cruise Line by 147.7% in the 1st quarter. Versant Capital Management Inc now owns 1,880 shares of the company's stock worth $36,000 after buying an additional 1,121 shares during the last quarter. Bogart Wealth LLC lifted its position in Norwegian Cruise Line by 1,012.0% in the 1st quarter. Bogart Wealth LLC now owns 2,224 shares of the company's stock worth $42,000 after buying an additional 2,024 shares during the last quarter. CENTRAL TRUST Co lifted its position in Norwegian Cruise Line by 2,621.0% in the 1st quarter. CENTRAL TRUST Co now owns 2,721 shares of the company's stock worth $52,000 after buying an additional 2,621 shares during the last quarter. Finally, SVB Wealth LLC bought a new stake in Norwegian Cruise Line in the 1st quarter worth approximately $56,000. Institutional investors own 69.58% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Citigroup boosted their target price on Norwegian Cruise Line from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Barclays boosted their price objective on Norwegian Cruise Line from $25.00 to $31.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. UBS Group boosted their price objective on Norwegian Cruise Line from $23.00 to $27.00 and gave the company a "neutral" rating in a research report on Tuesday, August 26th. TD Cowen started coverage on Norwegian Cruise Line in a research report on Tuesday, July 22nd. They issued a "buy" rating and a $31.00 price objective for the company. Finally, Argus reiterated a "hold" rating on shares of Norwegian Cruise Line in a research report on Wednesday, June 18th. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $27.80.

Norwegian Cruise Line Price Performance

Shares of NCLH stock opened at $24.62 on Wednesday. The stock has a market cap of $11.13 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.10 and a beta of 2.19. The business's fifty day moving average is $24.84 and its 200 day moving average is $20.95. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.21 and a twelve month high of $29.29. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 8.05.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its quarterly earnings results 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). The firm had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.55 billion. Norwegian Cruise Line had a return on equity of 59.88% and a net margin of 7.52%.Norwegian Cruise Line's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 earnings per share. Norwegian Cruise Line has set its Q3 2025 guidance at 1.140-1.140 EPS. FY 2025 guidance at 2.050-2.050 EPS. Research analysts expect 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.

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