Granahan Investment Management LLC Grows Stock Holdings in Norwegian Cruise Line Holdings Ltd. $NCLH

Key Points

• Granahan Investment Management LLC increased its stake in Norwegian Cruise Line by 80.1%, acquiring an additional 237,702 shares to own 534,409 shares valued at approximately $10.1 million.
• Recent analyst reports have raised price targets for Norwegian Cruise Line, with Citigroup increasing its target from $25.00 to $30.00, while maintaining a "buy" rating.
• Norwegian Cruise Line reported Q2 earnings of $0.51 per share, slightly missing analysts' estimates and showing a revenue increase of 6.1% year-over-year, with a current market capitalization of $11.57 billion.

Granahan Investment Management LLC raised its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 80.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 534,409 shares of the company's stock after acquiring an additional 237,702 shares during the period. Granahan Investment Management LLC owned approximately 0.12% of Norwegian Cruise Line worth $10,132,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Raiffeisen Bank International AG purchased a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at approximately $40,000. New Age Alpha Advisors LLC purchased a new position in shares of Norwegian Cruise Line during the 1st quarter worth approximately $33,000. LRI Investments LLC purchased a new position in shares of Norwegian Cruise Line during the 4th quarter worth approximately $47,000. Versant Capital Management Inc boosted 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 valued at $36,000 after buying an additional 1,121 shares during the period. Finally, Bogart Wealth LLC boosted 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 valued at $42,000 after buying an additional 2,024 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NCLH. Susquehanna raised their price objective on shares of Norwegian Cruise Line from $18.00 to $25.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Bank of America lifted their price target on shares of Norwegian Cruise Line from $20.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Mizuho raised their price objective on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Tigress Financial raised their price objective on shares of Norwegian Cruise Line from $36.00 to $38.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, August 27th. Finally, Morgan Stanley raised their price objective on shares of Norwegian Cruise Line from $24.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of "Moderate Buy" and an average target price of $27.50.

Norwegian Cruise Line Stock Performance

Shares of NYSE:NCLH traded down $1.08 during midday trading on Monday, hitting $24.59. The stock had a trading volume of 32,824,538 shares, compared to its average volume of 12,497,546. The company has a market capitalization of $11.11 billion, a PE ratio of 15.55, a P/E/G ratio of 1.16 and a beta of 2.19. The stock has a 50 day moving average price of $23.80 and a two-hundred day moving average price of $20.48. 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 Holdings Ltd. has a 1 year low of $14.21 and a 1 year high of $29.29.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its 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 net margin of 7.52% and a return on equity of 59.88%. The firm's revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. Norwegian Cruise Line has set its Q3 2025 guidance at 1.140-1.140 EPS. FY 2025 guidance at 2.050-2.050 EPS. As a group, equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share 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.