Harbor Capital Advisors Inc. Raises Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Harbor Capital Advisors Inc. raised its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 47.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 324,444 shares of the company's stock after purchasing an additional 103,823 shares during the period. Harbor Capital Advisors Inc. owned 0.07% of Norwegian Cruise Line worth $6,151,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NCLH. Hopwood Financial Services Inc. purchased a new position in shares of Norwegian Cruise Line in the 4th quarter valued at $26,000. Stonebridge Financial Group LLC purchased a new position in Norwegian Cruise Line during the 4th quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new position in Norwegian Cruise Line during the fourth quarter worth approximately $27,000. Rakuten Securities Inc. lifted its stake in Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after buying an additional 739 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Norwegian Cruise Line by 238.5% in the fourth quarter. Venturi Wealth Management LLC now owns 1,249 shares of the company's stock valued at $32,000 after acquiring an additional 880 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock traded down $0.96 during mid-day trading on Friday, reaching $17.76. The company had a trading volume of 17,254,660 shares, compared to its average volume of 12,659,901. The stock's 50-day simple moving average is $17.70 and its 200-day simple moving average is $22.08. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.21 and a 1 year high of $29.29. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The company has a market capitalization of $7.93 billion, a P/E ratio of 16.29, a P/E/G ratio of 0.24 and a beta of 2.12.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). The firm had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.15 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 earnings per share. On average, equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wall Street Zen cut shares of Norwegian Cruise Line from a "hold" rating to a "sell" rating in a report on Saturday, May 3rd. Tigress Financial reaffirmed a "strong-buy" rating and issued a $36.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Loop Capital lowered their price target on Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Wells Fargo & Company boosted their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Finally, Stifel Nicolaus decreased their price objective on Norwegian Cruise Line from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $25.16.

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.