Edgestream Partners L.P. Makes New $2.84 Million Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Edgestream Partners L.P. acquired a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 149,944 shares of the company's stock, valued at approximately $2,843,000.

A number of other hedge funds have also bought and sold shares of the company. MQS Management LLC bought a new position in Norwegian Cruise Line during the first quarter valued at $249,000. CWM LLC increased its position in Norwegian Cruise Line by 4.0% during the first quarter. CWM LLC now owns 22,650 shares of the company's stock valued at $429,000 after acquiring an additional 865 shares during the last quarter. Emerald Advisers LLC increased its position in Norwegian Cruise Line by 251.7% during the first quarter. Emerald Advisers LLC now owns 63,670 shares of the company's stock valued at $1,207,000 after acquiring an additional 45,569 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new position in Norwegian Cruise Line during the first quarter valued at $211,000. Finally, WealthTrust Asset Management LLC bought a new position in shares of Norwegian Cruise Line in the first quarter worth about $616,000. Institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Stock Performance

NCLH stock remained flat at $23.60 during trading on Friday. 8,882,210 shares of the company were exchanged, compared to its average volume of 13,011,411. The business has a fifty day simple moving average of $19.58 and a 200-day simple moving average of $21.11. The firm has a market cap of $10.54 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 0.40 and a beta of 2.13. The company has a debt-to-equity ratio of 9.09, a quick ratio of 0.16 and a current ratio of 0.19. 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 Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the business earned $0.16 earnings per share. Sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NCLH. Jefferies Financial Group upped their price target on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Morgan Stanley cut their price target on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Truist Financial cut their price target on shares of Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Argus restated a "hold" rating on shares of Norwegian Cruise Line in a report on Wednesday, June 18th. Finally, Barclays upped their price target on shares of Norwegian Cruise Line from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Norwegian Cruise Line currently has a consensus rating of "Moderate Buy" and an average price target of $25.42.

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.