GAMMA Investing LLC raised its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 2,118.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 316,575 shares of the company's stock after acquiring an additional 302,307 shares during the period. GAMMA Investing LLC owned approximately 0.07% of Norwegian Cruise Line worth $6,002,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of NCLH. Hopwood Financial Services Inc. bought a new position in shares of Norwegian Cruise Line during the 4th quarter valued at about $26,000. Kestra Investment Management LLC bought a new position in shares of Norwegian Cruise Line during the 4th quarter valued at about $27,000. Stonebridge Financial Group LLC bought a new position in shares of Norwegian Cruise Line during the 4th quarter valued at about $27,000. Rakuten Securities Inc. increased its position in shares of Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after purchasing an additional 739 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Norwegian Cruise Line by 238.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,249 shares of the company's stock valued at $32,000 after purchasing an additional 880 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.
Norwegian Cruise Line Price Performance
Shares of NYSE:NCLH traded down $0.96 during trading on Friday, reaching $17.76. 17,254,660 shares of the company's stock traded hands, compared to its average volume of 12,694,818. 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 quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The firm has a market cap of $7.93 billion, a PE ratio of 16.29, a P/E/G ratio of 0.24 and a beta of 2.12. The company has a 50-day simple moving average of $17.66 and a 200-day simple moving average of $22.15.
Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company's quarterly revenue 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 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms recently issued reports on NCLH. Melius Research upgraded Norwegian Cruise Line to a "strong-buy" rating in a research report on Monday, April 21st. Jefferies Financial Group began coverage on Norwegian Cruise Line in a research report on Monday, March 31st. They set a "buy" rating and a $25.00 price target on the stock. Wells Fargo & Company raised their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Citigroup lifted their price objective on Norwegian Cruise Line from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Finally, Susquehanna cut their price objective on Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line currently has an average rating of "Moderate Buy" and an average price target of $25.16.
View Our Latest Stock Report on NCLH
About Norwegian Cruise Line
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Free Report)
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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