Federated Hermes Inc. Has $27.49 Million Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Key Points

• Federated Hermes Inc. increased its holdings in Norwegian Cruise Line by 75.9%, now owning approximately 1.45 million shares worth about $27.49 million.
• Several other institutional investors also raised their positions, indicating strong interest in Norwegian Cruise Line, which now has 69.58% of its shares held by institutional investors.
• The company reported a net margin of 9.05% and a revenue of $2.13 billion for the last quarter, but missed earnings estimates with an EPS of $0.07.

Federated Hermes Inc. boosted its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 75.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,449,817 shares of the company's stock after buying an additional 625,412 shares during the quarter. Federated Hermes Inc. owned approximately 0.33% of Norwegian Cruise Line worth $27,489,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NCLH. Raiffeisen Bank International AG acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $40,000. LRI Investments LLC acquired a new stake in Norwegian Cruise Line in the 4th quarter worth about $47,000. Versant Capital Management Inc increased its stake in Norwegian Cruise Line by 147.7% during 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 in the last quarter. Bogart Wealth LLC lifted its position in shares of 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 acquiring an additional 2,024 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of Norwegian Cruise Line by 35.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company's stock worth $65,000 after acquiring an additional 654 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

Wall Street Analysts Forecast Growth

NCLH has been the topic of a number of recent research reports. Jefferies Financial Group boosted their price target on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Mizuho boosted their target price on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock an "outperform" rating in a report on Friday. Truist Financial cut their price target 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. Loop Capital reduced their price objective on Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Citigroup upped their target price on Norwegian Cruise Line from $25.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $26.90.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock traded down $1.08 during mid-day trading on Friday, reaching $24.48. The company had a trading volume of 20,430,894 shares, compared to its average volume of 14,430,786. The business has a fifty day simple moving average of $20.77 and a 200 day simple moving average of $20.97. The company has a market cap of $10.94 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.02 and a beta of 2.24. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.21 and a fifty-two week high of $29.29. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 8.05.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The business 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 firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 EPS. On average, equities research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

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.